The Central Bank of Nigeria, CBN, says Keystone Bank Ltd. stays secure, sound, and totally operational despite an current courtroom order.
The financial institution stated this in a press release on Friday by Hakama Sidi-Ali, Acting Director, Corporate Communications, CBN.
Mrs Sidi-Ali stated though the earlier shares of the financial institution held by the shareholders had been forfeited to the Federal Government, the financial institution remained secure.
“We acknowledge this improvement might have triggered buyer issues; nevertheless, we want to underscore the steadiness of the banking system, whereas the protection of depositor’s funds stays our high precedence.
“Keystone Bank’s operations are safe, and there’s no cause for concern.
“For readability, the courtroom order merely reaffirmed the central financial institution’s prior resolution to take over the administration of Keystone Bank Limited in January 2024, following a change in its management.
“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,” she stated.
She stated because of CBN’s dedication to safeguarding the monetary system and constructing public belief, it shall proceed to observe the financial institution’s efficiency.
She added that CBN would take all vital steps to guard the pursuits of depositors, employees, and stakeholders.
Mrs Sidi-Ali urged the purchasers to contact Keystone Bank’s buyer assist or go to any of its branches for inquiries or issues.
NAN