Don’t be alarmed by reports that haven’t emanated from CBN, your funds are safe in banks – CBN to depositors
Admin 
CBN head office
Dec. 27, 2023
The Central Bank of Nigeria (CBN) has assured depositors and customers of Nigerian banks of the safety of their funds in the banks.
The Acting Director, Corporate Communications Department of the CBN, Mrs. Hakama Sidi-Ali, gave the assurance in a statement on Wednesday.
According to Sidi-Ali, the assurance was informed by reports about a recommendation for the Federal Government to take over some CBN-supervised financial institutions.
There have been unconfirmed reports by some media outlets about plans by the CBN to take over Titan Trust Bank (former Union Bank) and Keystone Bank.
This is allegedly linked to a report by Mr. Jim Obazee, CBN’s special investigator, that former governor of the apex bank, Mr. Godwin Emefiele, used his proxies to acquire the two financial institutions.
“For the avoidance of doubt, Nigerian banks remain safe and sound.
“The CBN encourages the public to continue their regular activities without being alarmed by reports that have not emanated from the CBN about the health status of Nigerian banks.
“We assure the general public and depositors about the safety of their funds in Nigerian financial institutions,” she said.
She advised bank customers to proceed with their banking transactions as usual, as there was no cause for concern.
