The Central Bank of Nigeria (CBN) has reassured depositors and stakeholders that Keystone Bank remains financially stable and fully operational despite a recent court ruling ordering the forfeiture of its shares held by former shareholders to the federal government.
In a statement issued on Friday by Acting Director Hakama Sidi-Ali, the apex bank acknowledged that the development might have caused concern among customers but emphasized that necessary measures had been implemented to ensure the bank’s stability.
The statement reads: “Following the court order that the shares of Keystone Bank Limited previously held by the shareholders be forfeited to the Federal Government of Nigeria, the Central Bank of Nigeria (CBN) wishes to reassure the public that Keystone Bank Limited remains safe, sound, and fully operational.