No Nigerian Bank In Distress- CBN

   

The Nigeria Central Bank  has assured Nigerians that the deposit is safe, that no bank in Nigeria is in distress.
The CBN in a statement signed by Acting. Director, Corporate Communications, Isaac Okorafor, said

”For the avoidance of doubt, the infusion of a new board and management for Skye Bank Plc is a proactive regulatory action meant to ensure that the bank does not continue to fail in its relevant prudential ratios. Neither Skye Bank nor any other bank in the industry is in distress,” the statement said.

“The CBN would like to request the general public to ignore speculations or rumours to the contrary as they could only be the handiwork of mischief makers who do not mean well for the Nigerian banking system and its economy. As the regulator of the industry, the CBN hereby reassures the banking and general public that their deposits remain safe in any Nigerian bank. There is, therefore, no need for panic withdrawals from any bank,”