Governor, Godwin Emefiele of the Central Bank of Nigeria, on Tuesday, apologised to Nigerians for the failed online transactions.Information Guide Nigeria

Godwin Emefiele admitted challenges faced by bank customers following the limit on cash withdrawals and said the CBN would sustain the current monetary regime following a rise in headline inflation which posed significant risks to the economy.

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According to THE GUARDIAN, the CBN Governor said while addressing journalists at the end of the two-day meeting of the committee in Abuja: “I must apologise. Yes, online channels fail. But no doubt it is as a result of the deluge of online transactions that hit the banking industry. But it is being resolved.”NYSC Portal

“On a daily basis, our Payment System Management Department monitor the online payment platforms so as to make sure that when there is a downtime, they are quickly resolved so that transactions can go on smoothly.”

He assured that all Nigerian banks are safe due to the existing prudential guidelines instituted by the CBN to protect banks against collapse that will wipe out depositors’ money.

THE GUARDIAN reports that Emefiele said that “no depositor has lost one kobo since 2008 from bank crisis because of the prudential guidelines put in place to protect depositors fund”.

Emefiele warned bank shareholders to be mindful of the fact that “banking licence is a privilege and not a right as it can be withdrawn if shareholders misbehave.JAMB Result

“We would rather dispense with the shareholders than put depositors money at risk.”