Your funds are safe in banks, CBN assures depositorsThe Central Bank of Nigeria, CBN, has confirmed banks customers and investors that their monies are safe in the banks.

This confirmation was made based on some media reports stating the recommendation for the Federal Government to overtake some CBN-supervised financial institutions.

The CBN stated in a press statement yesterday, signed by its Acting Director, Corporate Communication, Mrs. Sidi-Ali Hakama, that “The CBN has noticed reports, in certain media outlets, about a recommendation for the Federal Government to take over some CBN-supervised financial institutions.

“For the avoidance of doubt, Nigerian banks remain safe and sound.

“The CBN encourages the public to continue their regular activities without being alarmed by reports that have not emanated from the CBN about the health status of Nigerian banks.

“The CBN is fully equipped to carry out its statutory duty of upholding a stable financial system in Nigeria.

“We assure the general public and depositors about the safety of their funds in Nigerian financial institutions.

“Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern.”

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