The Chartered Institute of Bankers of Nigeria (CIBN) yesterday reassured that the Nigerian banking industry remains very sound and safe.
The institute, which represents all bankers, said the soundness of the banking industry has been reaffirmed severally by the Central Bank of Nigeria (CBN), which is the only body best suited to assess the health of the financial industry in Nigeria.
In a statement signed by its president, Dr Ken Opara, CIBN noted that the CBN has debunked the insinuation that it plans to shut down some deposit money banks.
The body also allayed the fears around the shortage of materials for printing the new naira notes, which it noted had been debunked by the CBN and Nigeria Security Printing and Minting (NSPM) Company, which described the story as false, baseless and misleading.
According to CIBN, the NSPM has assured that it “has made adequate arrangement to continuously produce redesigned naira notes as well as other denominations”.
“Consequently, we implore the public to disregard any contrary information as the entire banking community remains focused, committed, and working round the clock to address all the contending issues with a view to restoring normalcy,” CIBN stated.
Credit: thenationonlineng.net
