The Central Bank of Nigeria (CBN) has assured depositors of the safety of their deposit in various Nigerian banks.
This was stated by the CBN Acting Director of Corporate Communications Department, Mrs Hakama Sidi – Ali, in a statement on Monday in Abuja.
This is a response towards the licence of Heritage Bank Plc that was revoked. It is to ensure the depositors of the bank to get their fund back.
Herritage Bank licence was revoked in accordance to Section 12 of Bank and other Financial Act (BOFIA) 2020.
“The CBN, with its robust regulatory framework, is proactively ensuring the stability of Nigeria’s financial system, thereby guaranteeing the safety of depositors’ funds in all Nigerian financial institutions,” she said.
“Bank customers, particularly those of Heritage Bank, needed not worry about the safety of their deposits, adding that the Nigeria Deposit Insurance Corporation (NDIC) had commenced payment to the bank’s insured depositors.”
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