The Central Bank of Nigeria has issued a public reassurance that Keystone Bank Limited remains safe, sound, and fully operational following a court order forfeiting the bank’s shares previously held by its shareholders to the Federal Government of Nigeria. The CBN said the order reaffirmed its earlier decision to take over the bank’s management in January 2024 following a change in leadership, and that it has since closely monitored Keystone Bank’s operations for regulatory compliance, operational transparency, and depositor protection. It added that it will continue monitoring the bank’s performance and take steps as needed to protect the interests of depositors, staff, and other stakeholders, and encouraged customers to use the bank’s normal channels to address any concerns.
Central Bank of Nigeria 2025-02-14
Central Bank of Nigeria reassures public that Keystone Bank remains stable and fully operational after court-ordered share forfeiture
The Central Bank of Nigeria reassured the public that Keystone Bank Limited remains safe and operational after a court ordered the forfeiture of its shares to the Federal Government. The CBN highlighted its ongoing oversight of the bank since taking over management in January 2024 to ensure compliance and depositor protection. It affirmed its commitment to monitoring the bank's performance and safeguarding stakeholder interests.