CBN: Nigerian Banks, The Most Regulated In The World

 
The Deputy Governor of the Centra Bank of Nigeria (CBN) in charge of economic policy, Mrs. Sarah Alade, has said that banks operating in Nigeria, are some of the most regulated  in the World and expressed optimism that the era of bank failure has gone.

Alade declared this at the 2nd Adegboyega Awomolo SAN and Associates Colloquium in Abuja where she  dismissed the insinuations that the action of J.B Morgan would lead to collapse of the Nigerian banks.

She said that the various economic policies already put in place by the apex bank to supervise and monitor banks in the country will prevent the financial institutions from avoidance collapse.

The CBN deputy governor who spoke through a director with CBN Mr Emmanuel Ukeje explained that the J.B Morgan was just an international bank whose action cannot in anyway spell doom for the country with its removal of Nigeria from the index.

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