The Chartered Institute of Bankers of Nigeria (CIBN) has assured Nigerians that the banking industry in Nigeria remains very sound and safe.
Its President/Chairman of Council,Dr Ken Opara,who gave the assessment in a statement on Monday,said the soundness of the banking industry has been reaffirmed severally by the Central Bank of Nigeria,CBN.
He stated:”In view of this, the apex bank has debunked the insinuation that it plans to shut down some deposit money banks. We equally like to allay the fears around the shortage of materials for printing the new naira notes, which the CBN has also discredited”.
This, he added, has also been debunked in a widely circulated press release by the Nigeria Security Printing and Minting (NSPM), which described the story as false, baseless and misleading.
He said NSPM assured that it “has made adequate arrangement to continuously produce redesigned naira notes as well as other denominations”.
He implored 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.
Commending Nigerians, Opara said:”We indeed appreciate your continued patience and understanding as we work towards building the Nigeria of our dream”