The Central Bank of Nigeria (CBN) has assured depositors and different stakeholders of Keystone Bank that the establishment remained secure and operational.
CBN’s place adopted the courtroom order that the financial institution’s shares held by the previous shareholders be forfeited to the federal authorities.
The apex financial institution, in an announcement by its Ag. Director Hakama Sidi-Ali on Friday, admitted that the event may have raised issues amongst depositors and different stakeholders of the financial institution, however that it has taken steps to guard the depositors and make sure the clean operation of the financial institution.
The assertion reads in full, “Following the courtroom order that the shares of Keystone Bank Limited beforehand held by the shareholders be forfeited to the Federal Government of Nigeria, the Central Bank of Nigeria (CBN) needs to reassure the general public that Keystone Bank Limited stays secure, sound, and totally operational.
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“We acknowledge that this growth could have triggered buyer issues; nevertheless, we want to underscore that the soundness of the banking system and the security of depositors’ funds stay our high priorities. Keystone Bank’s operations are totally safe, and there’s no motive for concern.
“For readability, the Court Order merely reaffirmed the Central Bank of Nigeria’s prior choice to take over the administration of Keystone Bank Limited in January 2024, following a change in its management.
“Since then, the CBN has intently monitored the financial institution’s operations to make sure they’re in full compliance with regulatory requirements, operational transparency, and the pursuits of depositors.
“As a part of our dedication to safeguarding the monetary system and constructing public belief, we will proceed to watch the financial institution’s efficiency. We will take all essential steps to guard the pursuits of depositors, employees, and stakeholders.
“Customers are also encouraged to contact Keystone Bank’s customer support or visit any Keystone Bank branch for inquiries or concerns.”
