The Nigeria Deposit Insurance Corporation has called for calm over the ongoing cash swap policy, saying that depositors’ funds are safe
The NDIC said the current Central Bank of Nigeria currency swap has nothing to do with people’s monies in banks.
The Managing Director of NDIC, Malam Bello Hassan, gave the assurance during the NDIC Special Day at the 44th Kaduna International Trade Fair in Kaduna state.
According to Hassan, depositors need not panic over the new CBN monetary policy as regards to the safety of their funds in any commercial bank in the country.
“Depositors need not worry. Their money is safe,” he said, adding that “depositors’ monies are 100 per cent safe.”
“I assure you that within a few days, things will return to normalcy but there’s a monitoring committee now on it. So, let’s appreciate the fact that policy comes with challenges,” he added.
