The Central Bank of Nigeria (CBN) has recovered a sum of N89.2 billion of customer’s money stuck with commercial banks in the country based on 23,526 verified complaints that were investigated and found to be true as at June, 2021.
CBN announced this development during a public awareness programme by the CBN.
CBN Governor, Godwin Emefiele, represented on the occasion by the Acting Director, Corporate Communications Department of the CBN, Osita Nwanisobi said Nigeria’s financial system remains sound, resilient and stable.
The apex bank advised the general public to disregard any wrong opinion and impression as the financial system was not in any form of distress. He said the people should feel free to report genuine issues they have with any commercial bank to the CBN’s department of Consumer Protection.
He explained that the fair is targeted at keeping the public apprised and letting them know the policies, programmes and interventions of the bank and how it benefits the people.
His words, “We want Nigerians to know that we carry out “banking examinations” and the results show that our banks are in very good condition and our financial system is stable , resilient ,safe and sound .We want Nigerians to know that there is no iota of truth whatsoever in these rumours .
He further explained that CBN wanted to engage the people in a bid to understand how its policies and interventions were affecting their lives adding that when Mr Emefiele took over as the 11th governor of the CBN, he assured Nigerians that that bank would be a people centered bank .
