The Central Bank of Nigeria (CBN) has moved to calm nerves after a recent court order forfeiting the shares of Keystone Bank Limited to the Federal Government.
In a recent statement signed by Hakama Ali, the Acting Director Corporate Communications, the CBN assured the public that Keystone Bank remains safe, sound, and fully operational.¹
The court order, which may have triggered concerns among customers, has been clarified by the CBN as merely reaffirming its prior decision to take over the management of Keystone Bank Limited in January 2024.
This decision was made following a change in the bank’s leadership, and the CBN has since closely monitored the bank’s operations to ensure compliance with regulatory standards and transparency.
The CBN has reiterated its commitment to safeguarding the financial system and building public trust.
To this end, the bank will continue to monitor Keystone Bank’s performance and take necessary steps to protect the interests of depositors, staff, and stakeholders.
Customers with inquiries or concerns are encouraged to contact Keystone Bank’s customer support or visit any Keystone Bank branch. The CBN’s assurance is aimed at maintaining stability in the banking system and ensuring the safety of depositors’ funds.
Comment here