The Central Bank of Nigeria (CBN) has reassured customers of Keystone Bank Limited that the financial institution remains safe, sound, and fully operational following a recent legal proceeding involving Sigma Golf and the Economic and Financial Crimes Commission (EFCC). The CBN clarified that the court order simply reaffirmed its prior decision to take over the management of Keystone Bank in January 2024.
The Central Bank of Nigeria (CBN) has issued a statement assuring customers of Keystone Bank Limited that the financial institution remains safe, sound, and fully operational following a recent legal proceeding. The CBN explained that the court order, which saw Sigma Golf agree to wind up and forfeit N6.3 billion shares held in Keystone Bank to the federal government, simply reaffirmed the CBN's prior decision to take over the management of the bank in January 2024.
This decision was made following a change in Keystone Bank's leadership.Since taking over management, the CBN has been closely monitoring the bank's operations to ensure full compliance with regulatory standards, operational transparency, and the interests of depositors. The statement emphasized that the stability of the banking system and the safety of depositors' funds remain the CBN's top priorities. The CBN assured the public that it will continue to monitor Keystone Bank's performance and take all necessary steps to protect the interests of depositors, staff, and stakeholders. Customers with inquiries or concerns are encouraged to contact Keystone Bank's customer support or visit any of its branches
Central Bank Of Nigeria Keystone Bank Limited Sigma Golf Economic And Financial Crimes Commission EFCC Banking System Depositors' Funds Legal Proceedings
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