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Friday, July 8, 2016

CBN: No Nigerian Bank Is In Distress

CBN, BankThe apex bank made the disclaimer on Wednesday in a statement signed by its acting Director of Corporate Communications, Isaac Okorafor.
It also disapproved claims that Skye Bank was suffering, assuring the general public of the safety of their deposits in any Nigerian bank.
“The CBN wishes to reiterate in the strongest terms that these rumours and speculations are untrue and do not reflect the actual health of the individual banks and, indeed, the entire banking industry.

“For the avoidance of doubt, the infusion of a new Board and Management for Skye Bank PLC is a proactive regulatory action meant to ensure that the bank does not continue to fail in its relevant prudential ratios.
“Neither Skye Bank nor any other bank in the industry is in distress,” the apex bank maintained.

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