Maryam Abeeb
The Chartered Institute of Bankers of Nigeria, CIBN, has commended the Central Bank of Nigeria, CBN, for the recent reforms in some banks.
It could be recalled that the apex bank, on January 10, dissolved the boards and management of Union, Polaris, Keystone and Titan Trust banks due to their non-compliance with the Banks and Other Financial Institutions Act, 2020.
All affected banks are involved in the special investigations into how the CBN was run under the ex-CBN governor, Godwin Emefiele.
The CIBN, in a statement by Akin Morakinyo, the Chief Executive Officer of the institute, reassured the public of the safety and soundness of the banking system.
Morakinyo encouraged the banking public to continue their transactions and activities without hesitation.
”CIBN will like to reassure the general public that the Nigerian banks remain strong and resilient and that the CBN is committed to ensuring a stable financial system,” he said.
Morakinyo said the institute would continue to support the laudable initiatives of the CBN and other stakeholders for a virile economy.
