The Chartered Institute of Bankers of Nigeria (CIBN) on Wednesday reassured the public that the Nigerian banking sector remains safe and resilient.
This reassurance followed information being circulated in the public domain that more banking licenses would be revoked after the Central Bank of Nigeria (CBN) took regulatory action against Heritage Bank Plc.
The CBN, on 3 June, revoked the licence of the bank, citing its violation of Section 12 (1) of the Banks and Other Financial Institutions Act (BOFIA), 2020.
