The assurance because necessary 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 apex bank in a statement made available to the press said “we acknowledge that this development may have triggered customer concerns;
however, we wish to underscore that the stability of the banking system and the safety of depositors’ funds remain our top priorities. Keystone Bank’s operations are entirely secure and there is no reason for concern.
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.”

The CBM further notes that “since then, it has closely monitored the bank’s operations to ensure they are in full compliance with regulatory standards,
operational transparency, and the interests of depositors.”

Meanwhile, as part of its commitment to safeguarding the financial system and building public trust, the CBN says it shall continue to monitor the bank’s performance and take all necessary
steps to protect the interests of depositors, staff, and stakeholders.

Customers are also encouraged to contact Keystone Bank’s customer support or visit any Keystone Bank branch for inquiries or concern, the statement signed by the Ag. Director, Corporate Communications, Mrs. Hakama Sidi Ali maintained.