The Central Bank of Nigeria, CBN, has advised the public against panic withdrawals, assuring that commercial banks in the country are safe.

There had been widespread fears that Nigerian banks are in distress after CBN took over Skye bank.

However, Acting Director of Communications at the CBN, Isaac Okoroafor, in a statement said the 22 commercial banks are not in distress.

“Neither Skye Bank nor any other bank in the industry is in distress. Therefore, the CBN would like to request the general public to ignore speculations or rumours to the contrary as they could only be the handiwork of mischief makers who do not mean well for the Nigerian banking system and its economy,” he said.

“We therefore urge the banking public to remain calm and go about their normal businesses without panic. It is important that we do not create problems when none exists,” he said.

http://www.veenaija.com/cbn-advises-nigerians-panic-withdrawals-says-banks-not-distress/#.V3345DUfhQI

But it looks like they are in distress.

We don't trust cbn

Very funny.. Would they av told us dey were in distress?.. Nonsense.. Datz how savannah bank nearly wrecked my mum(of blessed memory) da year...

What this simply means is that the Bank is not even save for us to keep our Money again......