The Central Bank of Nigeria (CBN) yesterday reassured the public that Keystone Bank Limited remains safe, sound, and fully operational.
The assurance came against the backdrop of the recent court order that the bank’s shares previously held by the shareholders be forfeited to the federal government.
The clarification was particularly necessary to avert a run on the bank.
In a statement, CBN acting Director, Corporate Communications, Mrs. Sidi Ali, acknowledged that the court may have triggered customer concerns.
She, however, emphasised that the stability of the banking system and the safety of depositors’ funds remained top priorities of the central bank.
The CBN said, “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.