The Central Bank of Nigeria (CBN) has reassured the public that Keystone Bank Limited remains
safe, sound, and fully operational.
The assurance followed the apprehension among Nigerians after a court ordered that shares of Keystone Bank Limited previously held by shareholders be forfeited to the Federal Government.
The apex bank in a statement signed by the Acting Director, Corporate Communications, Hakama Sidi Ali, acknowledged that the development may have triggered customer concerns.
It, however, assured that the stability of the banking system and the safety of depositors’ funds remained its top priorities.
The statement said, ”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”.