The Central Bank of Nigeria (CBN) has assured customers and stakeholders of Keystone Bank’s continued stability and operational efficiency, despite recent court-ordered forfeiture of the bank’s shares to the Federal Government. The apex bank, in a statement released by Acting Director Hakama Sidi-Ali, emphasized that depositors’ funds remain secure.
“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,” the statement read.
The CBN acknowledged concerns triggered by the development but stressed its proactive measures to maintain the bank’s health, including close monitoring and regulatory oversight. The bank’s operations, it reiterated, continue without disruption, and depositors can access their funds without worry.
Highlighting the importance of depositor confidence, the CBN reiterated its commitment to safeguarding Nigeria’s financial system and urged customers to direct any concerns to Keystone Bank’s customer support channels.
