The Central Bank of Nigeria (CBN) has addressed recent misleading publications and social media reports concerning the operations of a regulated financial institution.
The CBN categorically reassures the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. The referenced institution, like all others under its regulation, adheres to stringent regulatory requirements, and there is no cause for concern regarding the safety of depositors’ funds.
The Bank affirms its ongoing monitoring of all financial institutions under its purview, maintaining robust frameworks for early warning signals and risk-based supervision to promptly address any emerging issues and protect the financial system’s integrity.
The CBN urges the public to disregard sensational or unverified claims and rely solely on official channels for information about the financial system.
The CBN remains dedicated to fostering a secure banking environment where depositors can have full confidence in the safety of their funds. It will continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in the financial system.
