The Central Bank of Nigeria (CBN) has issued a strong reassurance to the public, depositors, and financial stakeholders that Nigeria’s banking sector remains stable, safe, and resilient, despite recent misleading reports circulating on social media.
In an official statement released by Mrs. Hakama Sidi-Ali, Acting Director of Corporate Communications at the CBN, the apex bank addressed concerns stemming from false claims about a regulated financial institution.
“The CBN wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound,” Sidi-Ali stated.
She clarified that all CBN-regulated banks operate under strict supervision and comply with robust financial regulations designed to safeguard depositors’ funds and the overall financial system.
The statement highlighted the CBN’s proactive monitoring and risk management frameworks, which allow the central bank to detect and address emerging risks before they threaten financial stability.
“These oversight mechanisms ensure that any potential vulnerabilities are managed promptly, preserving trust in the banking system,” she added.
The apex bank cautioned the public against relying on unverified information and urged Nigerians to seek updates only from official CBN sources.
“The CBN remains committed to fostering a secure, transparent, and trustworthy banking environment where depositors can have full confidence in the safety of their funds,” the statement concluded.
As part of its mandate, the CBN will continue to strengthen regulatory strategies and enforce financial policies that ensure long-term banking sector resilience and economic stability in Nigeria.
NAN
