The Central Bank of Nigeria (CBN) has reassured the public of Keystone Bank Limited’s safety and operational soundness following a court order transferring the bank’s shares, previously held by its shareholders, to the Federal Government.
In a statement on Friday, the CBN acknowledged the concerns the development may have caused among customers, emphasizing that the stability of the banking system and the safety of depositors’ funds remain its top priorities.
“We wish to underscore that Keystone Bank’s operations are entirely secure, and there is no reason for concern,” the CBN said.
The apex bank clarified that the court order reaffirmed its earlier decision to take over the management of Keystone Bank in January 2024, following a leadership change. Since the takeover, the CBN has been monitoring the bank’s operations to ensure full compliance with regulatory standards and to protect 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,” the CBN assured. “We will take all necessary steps to protect the interests of depositors, staff, and stakeholders.”
The statement encouraged customers to contact Keystone Bank’s customer support or visit any branch for further inquiries or concerns.
The CBN reiterated its dedication to maintaining the stability of the financial system while ensuring that Keystone Bank remains fully operational and transparent.
