The Central Bank of Nigeria (CBN) has assured depositors and stakeholders that Keystone Bank remains safe, sound, and fully operational despite a recent court order mandating the forfeiture of the bank’s shares held by former shareholders to the Federal Government.
In a statement issued on Friday by its Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank acknowledged that the development may have caused concern among depositors but emphasized that it has taken proactive measures to ensure the bank’s stability and protect depositors’ funds.
“Keystone Bank’s operations are entirely secure, and there is no reason for concern,” the CBN stated, reiterating its commitment to maintaining the stability of the financial system.
The court order, according to the CBN, reaffirmed its prior decision to take over the management of Keystone Bank in January 2024 following a leadership change. Since then, the CBN has closely monitored the bank’s activities to ensure compliance with regulatory standards and operational transparency.
The apex bank assured the public that it would continue to safeguard the financial system, protect depositors’ interests, and ensure smooth operations at Keystone Bank. Customers were encouraged to reach out to Keystone Bank’s customer support or visit any branch for further inquiries or concerns.
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