The Central Bank of Nigeria (CBN) has assured the general public that the nation’s banking sector remains strong, secure, and stable.
Speaking via a statement by its Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank dismissed recent reports circulating on social media about a regulated financial institution.
Sidi-Ali emphasised that all regulated banks, including the institution mentioned in the reports, comply with strict regulatory standards, ensuring the safety of depositors’ funds.
“The CBN wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound,” she said.
The apex bank reaffirmed its commitment to continuous oversight of financial institutions through rigorous frameworks designed to detect early warning signs and manage risks effectively.
“These mechanisms ensure that any emerging issues are promptly addressed to protect the integrity of the financial system,” she added.
The CBN urged the public to ignore sensational or unverified information and to rely only on official sources for updates regarding the financial sector.
Concluding, Sidi-Ali stressed the CBN’s dedication to maintaining a secure banking environment where depositors can have full confidence in the protection of their funds.
“The CBN will continue to monitor and evolve strategies to safeguard the financial interests of all Nigerians and stakeholders,” she said.