The Central Bank of Nigeria (CBN) has reassured the public that Keystone Bank remains financially stable and fully operational despite a recent court order transferring its shares to the Federal Government.
Acknowledging possible customer concerns, the CBN emphasized that the banking system’s stability and depositor protection remain top priorities. It clarified that the court ruling merely reaffirmed its earlier takeover of the bank’s management in January 2024.
“We have been closely monitoring Keystone Bank’s operations to ensure compliance with regulatory standards and the protection of depositors’ funds,” the statement read.
The apex bank urged customers to remain confident, stating that all necessary measures are in place to safeguard the institution’s stability. Keystone Bank branches and customer support channels remain open for inquiries.
