This clarification came amid rumors about plans to revoke more banking licenses following Heritage Bank’s license revocation.
Several messages have been shared on WhatsApp asking customers to withdraw their deposits.
One of the viral messages seen by TimesNow.com.ng reads:
Reacting, CBN, in a statement released on Monday, June 10, signed by Hakama Sidi Ali, the acting director of the Corporate Communications Department, reassured the public of the safety of their deposits and the banking system’s resilience.
The statement reads:
She described the announced dissolution of the Boards of Union, Keystone, and Polaris Banks, now shared on social media, as old.
She stated:
She urged bank customers, especially Heritage Bank customers, not to worry about the safety of their deposits, as the Nigeria Deposit Insurance Corporation (NDIC) has already begun making payments to the bank’s insured depositors.
Reiterating the CBN’s commitment to financial stability, Sidi Ali encouraged the public to continue their regular banking activities without worry.
She said:
She also highlighted the CBN’s robust regulatory framework, which proactively ensures the stability of Nigeria’s financial system and guarantees the safety of depositors’ funds across all Nigerian financial institutions.
TimesNow.com.ng earlier reported that the NDIC has announced its intention to recover N700 billion in loans from Heritage Bank debtors and refund customers their funds.
The CBN appointed the corporation as a liquidator to help settle depositors of the recently liquidated bank.
It stated that the NDIC Act 2023 empowers it to recover as many loans as possible to maintain financial stability.
Source: TimesNow.com.ng
