Following the court order that the shares of Keystone Bank Limited previously held by the shareholders should be forfeited to the Federal Government, the Central Bank of Nigeria (CBN) has reassured the public that the bank remains safe, sound, and fully operational.
While acknowledging that the court order may have raised customer concerns, the apex bank’s management in a statement issued by the Acting Director, Corporate Communications Department, Mrs. Hakama Sidi-Ali, however, assured that the stability of the banking system and the safety of depositors’ funds remained the management’s top priorities.
The statement reads in part: “Keystone Bank’s operations are entirely secure, and there is no reason for concern Keystone Bank’s operations are entirely secure, and there is no reason for concern.
“For clarity, the Court Order merely reaffirmed the Central Bank of Nigeria’s prior decision to take over the management of Keystone Bank Limited in January 2024, following a change in its leadership. Since then, the CBN has closely monitored the bank’s operations to ensure they are in full compliance with regulatory standards, operational transparency, and the interests of depositors.
“As part of our commitment to safeguarding the financial system and building public trust, we shall continue to monitor the bank’s performance. We will take all necessary steps to protect the interests of depositors, staff, and stakeholders.
“Customers are also encouraged to contact Keystone Bank’s customer support or visit any Keystone Bank branch for inquiries or concerns”, it added.
