The Chartered Institute of Bankers of Nigeria (CIBN) has reassured the public that the Nigerian banking system remains very safe, sound, and resilient.
A release by the president/ chairman of the council Professor Pius Deji-Olanrewaju says this is coming on the heels of mendacious information making the rounds that the banking licenses of more
banks would be revoked after the regulatory action taken by the Central Bank of Nigeria (CBN) against Heritage Bank Plc on June 3, 2024.
The release urges the public and bank customers not to allay any fear as the information is false and misleading.
The release added that the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) has debunked the claim, pointing out that the ongoing recapitalization
process announced by the CBN is also aimed at further strengthening the resilience of the
Nigerian banks and their capacity to support the envisaged growth of the Nigerian economy.
It adds that “the public should continue to conduct their banking services without
hesitation or apprehension,
as the umbrella professional body for banks and bankers in Nigeria are working with
other stakeholders in the ecosystem to promote best practices and ensuring that the banking sector remains safe and sound”.
It advised bank customers to continue their banking services with keystone Bank and others without hesitation.
