According to the Central Bank of Nigeria (CBN), the country’s banking industry is still robust, safe, and stable.
Hakama Sidi-Ali, the apex bank’s acting director of corporate communications, denounced recent social media rumors regarding a regulated financial institution in a statement.
Sidi-Ali emphasized that all authorized banks adhere to stringent regulatory criteria, guaranteeing the security of depositors’ money, including the organization listed in the reports.
The public, depositors, and stakeholders are assured by the CBN that the Nigerian banking industry is still strong, secure, and sound, she stated.
Read Also: Nigerian Actress’s Daughter Trafficked to Mali for Prostitution Rescued by NiDCOM
Through strict procedures intended to identify early warning indicators and efficiently manage risks, the top bank underlined its dedication to ongoing oversight of financial institutions.
“To safeguard the integrity of the financial system, these mechanisms make sure that any new problems are dealt with right away,” she continued.
When it comes to financial sector updates, the CBN advised the public to trust only official sources and to disregard sensational or unconfirmed information.
In her closing remarks, Sidi-Ali emphasized the CBN’s commitment to upholding a safe banking environment where depositors may rest certain that their money is protected.
She stated that the CBN will keep an eye on and develop plans to protect the financial interests of all Nigerians and interested parties.
