Abuja, Feb. 14, 2025 – The Central Bank of Nigeria (CBN) on Friday assured the banking public of the stability of Keystone Bank.
It said the bank still remained stable and fully operational in spite a court ordered forfeiture the bank to the Federal Government.
The apex bank gave the assurance in a statement issued by Hakama Sidi Ali its Acting Director of Corporate Communications.
The statement reads in parts: “For clarity, the Court Order merely reaffirmed the Central Bank of Nigeria’s prior decision to take over the management of Keystone Bank Limited in January 2024, following a change in its leadership.
“Since then, the CBN has closely monitored the bank’s operations to ensure they are in full compliance with regulatory standards, operational transparency, and 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. We will take all necessary steps to protect the interests of depositors, staff, and stakeholders,” the CBN said.
It will be recalled that the Lagos State Special Offences Court, had on Tuesday, February 11, 2025, ordered the forfeiture of the bank to the federal government as part of regulatory interventions in the banking sector.
The court’s judgment was the outcome of a case instituted by the Economic and Financial Crimes Commission (EFCC) against Sigma Golf Nigeria Limited.
