Nigerian banks are financially stable – CBN

Officials of the Central Bank have assured Nigerians that the nation’s banks are financially stable, especially the recently nationalised banks.
The deputy governor of the bank in charge of corporate services, Mr Suleiman Barau and the director in charge of banking supervision Mrs Agnes Martins who spoke at a meeting with members of the House of Representatives Committee on Banking and Currency in Abuja added that the resignation of a bank’s managing director cannot in any way affect the day to day running of a bank.
They however said that the banks new strategy is targeted at ensuring proper risk management, transparency and accountability in the Nigerian banks.
On their part, members of the House of Representatives Committee on Banking and Currency took turns to bear their minds on issues bordering on the nation’s economic stability.