Central Bank of Nigeria, CBN has assured Nigerians of the viability of Nigerian deposit money banks, stressing that claims that some banks at Broad Street, Lagos are distressed is far from the truth.
A statement signed by the director corporate communications, Ibrahim Mua’zu, dismissed assertions by an online publication purporting that some deposit money banks in Nigeria are experiencing stress.
Mu’azu, who explained that no Nigerian bank is experiencing stress, described the publication as not only false and baseless but a figment of the writer’s imaginations, even as he warned against misleading publications that could have lead to undue public panic with the resultant adverse effect on the economy.
According to him, “the CBN hereby assures the banking public that the Nigerian banking system is sound and all banks are in compliance with both the regulatory and prudential requirements.”
It would be recalled that CBN Governor, Godwin Emefiele on November 24, 2015, during the Monetary Policy Committee, MPC press briefing, also made it categorically clear that no Nigerian bank is in distress.
The CBN, therefore, urges all bank customers and the general public to disregard the publication as it is false, mischievous and aimed at throwing the banking public into unnecessary panic.


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