Following the revocation of the operating license of Heritage Bank Plc and the lingering worries on the health of other four banks in the country, the Chartered Institute of Bankers of Nigeria (CIBN), on Wednesday, reassured Nigerians that the banking system remained “safe, sound and resilient”.
President of the institute, Prof. Pius Olanrewaju, gave the reassurance in a statement in Lagos to allay misinformation and “fake news” that the licences of more banks will be revoked by the Apex bank.
He emphasised the importance of clarifying rumours that additional bank licenses would be revoked following the regulatory action taken by the Central Bank of Nigeria (CBN) against Heritage Bank Plc on June 3.
