The Chartered Institute of Bankers of Nigeria, CIBN has reiterated the CBN’s statement, where Nigerians were reassured that the banking sector in the country was still very sound and safe.
According to CIBN, the soundness of the banking industry has been continuously reaffirmed by the CBN as the only body best suited to assess the strength of the finance industry in Nigeria.
CIBN had said: “We would also like to allay the fears surrounding the shortage of materials for printing the new naira notes, which the CBN has come out to discredit. This fake news has been debunked in a widely circulated press release by the Nigeria Security Printing and Minting Company, NSPMC, which has since tagged the story as false, baseless, and misleading.”
The Institute had then gone on to implore Nigerians to disregard any contrary information as to the apex bank’s reassurance.
