The Central Bank of Nigeria (CBN) has assured the public that Keystone Bank Ltd. remains financially stable, fully operational, and secure despite a recent court order concerning its ownership structure.
In an official statement issued on Friday, Hakama Sidi-Ali, Acting Director of Corporate Communications at CBN, clarified that while the bank’s previous shares held by former shareholders were forfeited to the Federal Government, its operations and financial stability remain unaffected.
Access Our Exclusive Past Questions & Answers PDF Below!
“We acknowledge this development may have triggered customer concerns; however, we wish to underscore the stability of the banking system, while the safety of depositors’ funds remains our top priority,” Sidi-Ali stated.
She emphasized that Keystone Bank continues to operate normally with no risks to depositors or stakeholders. “Keystone Bank’s operations are secure, and there is no reason for concern.”
Related Post
Shehu Sani Criticizes CBN for Scrapping Free ATM Withdrawals
CBN Settles $7bn FX Backlog, Enhancing Investor Confidence
CBN Issues Strong Warning to Banks Over ₦20,000 ATM Withdrawal Limits
Keystone Bank Announces Recruitment for 2025 Vacancies – Apply Now!
The court order, she explained, reaffirmed the CBN’s earlier decision to assume control of Keystone Bank’s management in January 2024, following a leadership transition. Since then, the regulatory body has been closely monitoring the bank’s activities to ensure adherence to regulatory standards, operational transparency, and depositor protection.
Reinforcing its commitment to maintaining financial stability and public trust, the CBN assured stakeholders that it would continue to oversee Keystone Bank’s performance. The regulatory authority remains steadfast in protecting the interests of depositors, employees, and shareholders.
Sidi-Ali encouraged Keystone Bank’s customers to reach out to the bank’s customer support team or visit any branch for further inquiries or assistance.
This statement reaffirms CBN’s ongoing commitment to ensuring a sound and resilient financial system in Nigeria while reinforcing confidence in Keystone Bank’s long-term viability. Depositors and stakeholders can continue to rely on the bank’s services without any concerns regarding its operations.
Discover more from Allmedia24 News
Subscribe to get the latest posts sent to your email.