The Chartered Institute of Bankers of Nigeria, CIBN, has hailed the Central Bank of Nigeria, CBN, for the recent reforms in some banks.
DAILY POST recalls that the apex bank, on January 10, dissolved the boards and management of Union, Polaris, Keystone and Titan Trust banks due to their non-compliance with the Banks and Other Financial Institutions Act, 2020.
The CIBN, in a statement by Akin Morakinyo, the Chief Executive Officer of the institute, on Thursday, reassured the public of the safety and soundness of the banking system.
Morakinyo encouraged the banking public to continue their transactions and activities without hesitation.
”CIBN will like to reassure the general public that the Nigerian banks remain strong and resilient and that the CBN is committed to ensuring a stable financial system,” he said.
Morakinyo said the institute would continue to support the laudable initiatives of the CBN and other stakeholders for a virile economy.
NAN reports that the CBN appointed a new management team for the three banks it earlier dissolved.
CIBN backs CBN on banking reforms
