Fire outbreak in Central bank of Nigeria

It was reported that the Central Bank of Nigeria (CBN), Makurdi branch in Benue State, is on fire.

The source and cause of the fire breakout is still unknown and yet to be ascertained.

CBN is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on July 1, 1959.

The CBN’s early functions were mainly to act as the government’s agency for the control and supervision of the banking sector, to monitor the balance of paymentsaccording to the demands of the federal government and to tailor monetary policy along the demands of the federal budget.

Director of Benue State Fire Service, Donald Ikyaaza, confirmed the report and said that he received a distress call about the fire incident and promptly deployed his men to the scene.

“It was actually a huge fire which started at the company’s fuel dome but my men rushed to the scene and put out the fire before it could spread to other parts of the bank. Everywhere is calm now,” Ikyaaza said.