The Central Bank of Nigeria (CBN) has described as fictitious, an online publication (not New Mail Online) purporting that some deposit money banks in Nigeria are “experiencing stress”.
The CBN, in a statement by Ibrahim Mu’azu, Director, Corporate Communications, stated categorically that no Nigerian bank is “experiencing stress”.
It said that 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.
It said that the Governor of CBN, Godwin Emefiele, 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 apex bank urged 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.”
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