The Central Bank of Nigeria (CBN) has dispelled what it called “false and malicious stories” on the social media insinuating that Heritage Bank is under financial distress and therefore unable to discharge its obligations to its depositors.
CBN, in a statement by Isaac Okoroafor, acting Director, Corporate Communications, stated that Heritage Bank is not in distress and as such its depositors should go about their transactions without fear.
“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.”
The CBN also stated that it will remain alive to its responsibility of ensuring banking system stability and soundness through constant monitoring and supervision of all licensed institutions.
“The Central Bank of Nigeria wishes to reiterate that the banking system remains resilient enough to weather the current economic storm.
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