The Chartered Institute of Bankers of Nigeria (CIBN) has reaffirmed the health and resilience of the Nigerian banking sector, urging the public to disregard recent media reports questioning the financial soundness of one of the country’s banks.
In a statement released by Professor Pius Olanrewaju, President and Chairman of Council at CIBN, the institute described the reports as misleading and baseless, cautioning that such narratives aim to derail the ongoing reforms within the financial system.
“The claims circulating in the media are not only unfounded but also clearly designed to undermine confidence in the industry,” Olanrewaju said.
The CIBN reiterated its alignment with the Central Bank of Nigeria (CBN), echoing the apex bank’s position that there is no cause for alarm regarding the stability of any financial institution operating in the country.
“We encourage all Nigerians to continue their banking transactions as usual, with confidence in the system,” the statement added.
The Institute assured customers that the Nigerian banking system remains sound, stable, resilient, and secure, and advised the public to rely solely on verified information from official channels.
