CBN assures Nigerians of safety of funds in bank accounts

The Central Bank of Nigeria (CBN) has assured depositors of the safety of the money in their bank accounts.

The CBN gave this assurance in a statement signed by its spokesperson, Hakama Sidi-Ali on Wednesday.

Sidi-Ali said the CBN 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,” Sidi-Ali said.

“The CBN encourages the public to continue their regular activites 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.”

Sidi-Ali also advised bank customers to proceed with their banking transactions as usual, as there is no cause for concern.