The Central Bank of Nigeria (CBN) says no Nigerian Bank is in distress.
The apex bank stated this on Tuesday in Abuja in a statement by its acting Director, Corporate Communications, Mr Isaac Okorafor.
“For the avoidance of doubt, we wish to further state that no Nigerian Bank is in distress.”
“The CBN, as the industry regulator, has a duty to depositors, in particular and the economy, in general to ensure the soundness of all financial institutions.
“We, therefore, wish to assure all depositors of the safety of their deposits,” it stated.
The CBN assured that the banking system in the country remained resilient enough to weather the current economic storm.
The apex bank dismissed insinuations on the social media that Heritage Bank was under financial distress as false and malicious.
“For the avoidance of doubt, we wish to further state that Heritage Bank remains viably strong thus, not in state of distress.
“Heritage Bank is not in distress and as such, its depositors should go about their transactions without fear.’’
The CBN attributed the rumour to “the handiwork of economic saboteurs’’.
Dolapo is a writer and journalist who works with YNaija. He has interests in Christianity, politics and sports.
Leave a reply