BREAKING: CBN Assures Depositors as Court Orders Forfeiture of Keystone Bank Shares
By Nasir Dambatta
The Central Bank of Nigeria (CBN) has reassured the public of the stability of Keystone Bank Limited, following a court order forfeiting the bank’s shares to the Federal Government. In a statement issued today, the apex bank emphasized that Keystone Bank remains “safe, sound, and fully operational,” urging customers to remain confident in the institution’s financial security.
The CBN clarified that the ruling only reaffirmed its earlier decision to take over the bank’s management in January 2024, stressing that it has since maintained strict oversight to ensure full compliance with regulatory standards.
“We acknowledge customer concerns but emphasize that the safety of depositors’ funds remains our top priority,” the statement, signed by Acting Director of Corporate Communications, Hakama Sidi Ali, read.
This development comes amid heightened scrutiny of Nigeria’s banking sector, with the CBN pledging to uphold financial stability and protect depositors’ interests.
