The
attention of the Central Bank of Nigeria (CBN) has been drawn to a fictitious online
publication purporting that some deposit money banks in Nigeria are “experiencing
stress”.
The
CBN wishes to state categorically that:
1. No
Nigerian bank is “experiencing stress”.
2. The
story as published is not only false and baseless but a figment of the writer’s
imaginations.
3. 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.
4. The
Governor, on November 24, 2015, during the Monetary Policy Committee (MPC)
press briefing, also made it categorically clear that no Nigerian bank is in
distress.
5. 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.
Ibrahim Mu’azu,
Director,
Corporate Communications
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