The Central Bank of Nigeria (CBN) has assured stakeholders, including depositors of the safety of their funds in the wake of the acquisition of the bank by the Federal Government through a court ruling.
A statement today, February 14 by the apex Bank’s spokesperson, Hakama Sidi All, said: “following the court order that the shares of Keystone Bank Limited previously held by the shareholders be forfeited to the Federal Government of Nigeria, the Central Bank of Nigeria (CBN) wishes to reassure the public that Keystone Bank Limited remains safe, sound, and fully operational.”
CBN acknowledged that the acquisition of Keystone Bank might have triggered customer concerns, but stressed that “the stability of the banking system and the safety of depositors’ funds remain our top priorities. “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.
