The Central Bank of Nigeria (CBN) has described as “fictitious”, report in a section of the online media purporting that some deposit money banks in Nigeria are “experiencing stress”.
Ibrahim Mu’azu, Director of Corporate Communications at CBN, in a state late Thursday, insisted that the Nigerian banking system is sound and all banks are complying with requirements.
He stated categorically that, “No Nigerian bank is experiencing stress
“The story, as published, is not only false and baseless but a figment of the writer’s imaginations.
“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.
“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.
“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,” Mu’azu assured.
