Apex Bank Says Nigerian Banks Are Strong

The Central Bank of Nigeria (CBN) has assured customers of deposit money banks and stakeholders that the banking industry remains strong.

It reiterated that the it would not allow the system to be used as a conduit for illicit transactions.

The CBN’s statement comes against the backdrop of the recent spate of investigations and arrests of some bank officials by the anti-graft agency, the Economic and Financial crimes Commission.
In the statement, by the Acting Director of Communication of the CBN, Mr Isaac Okoroafor, said that the bank would carry out its own special investigations to determine the accuracy of some of the allegations.
Mr Okoroafor said that the apex bank would determine the extent and the persons that may be involved in such activities and also ensure that the truth was revealed.