The Central Bank of Nigeria (CBN) has reassured the public about the safety of deposits in Nigerian banks, emphasizing that robust policies are in place to protect customer funds. This statement, delivered by the Acting Director of Corporate Communications, Hakama Ali, aims to alleviate concerns following reports of some banks having their licenses revoked.
The CBN underscored its commitment to maintaining a stable financial system through regular stress testing, risk supervision, and proactive measures to detect emerging risks.In addition to these measures, the CBN is actively working to enhance customer confidence by engaging with stakeholders and providing transparent communication about the banking sector’s health. The bank has also initiated programs to strengthen the regulatory framework and ensure that financial institutions adhere to best practices. As part of its ongoing efforts, the CBN is dedicated to fostering an environment where customers feel secure in their banking relationships, ultimately contributing to the overall resilience and integrity of Nigeria’s financial landscape.
