Customers and depositors of Nigerian banks have received assurances regarding the security of their money from the Central Bank of Nigeria, or CBN.

Mrs. Hakama Sidi-Ali, Acting Director of the CBN’s Corporate Communications Department, gave the assurance in a statement on Wednesday.

According to Sidi-Ali, the assurance was based on reports that the Federal Government was considering taking over certain financial institutions that are supervised by the CBN.

According to the News Agency of Nigeria (NAN), some media outlets have reported unverified rumors regarding the Central Bank of Nigeria’s (CBN) intentions to acquire Keystone Bank and Titan Trust Bank, which was formerly Union Bank.

This is purportedly related to a report by CBN special investigator Mr. Jim Obazee, which claimed that Mr. Godwin Emefiele, the former governor of the apex bank, had acquired the two financial institutions through the use of his proxies.

To be clear, Nigerian banks are still solid and secure.

The people are urged by the CBN to carry on with their daily activities without being alarmed by unofficial reports regarding the state of Nigerian banks.

“The CBN has everything it needs to fulfill its mandate to maintain a stable financial system in Nigeria.

She declared, “We guarantee depositors and the general public that their money is safe in Nigerian financial institutions.”

There was no reason to be concerned, she advised bank customers, so they should proceed with their regular banking activities.