No bank is in distress, says CBN

The  Central Bank of Nigeria (CBN) has dismissed allegations in some quarters that certain banks in the country are in distress.
   In a statement, the apex bank described the allegation as unfounded, “malicious rumors and unfounded speculations,” adding that “Neither Skye  Bank nor any other bank in the industry is   in distress.”
   The statement added: “The CBN wishes to reiterate in the strongest terms that these rumors and speculations are untrue and do not reflect the actual health of the individual banks and indeed, the entire banking industry”.
The CBN described the infusion of a new Board and Management for Skye BankPLC as “a proactive regulatory action meant to ensure that the bank does not continue to fail in its relevant prudential ratios,” noting  that the reports are the handiwork of mischief-makers who do not mean well for the Nigerian banking system and its economy.
 *Contact Editor through Citybusinessnews@yahoo.com