CBN Reaffirms Keystone Bank’s Stability After Court Orders Forfeiture of Former Shareholders’ Shares to Federal Government
The Central Bank of Nigeria (CBN) has reassured depositors and stakeholders that Keystone Bank remains stable and fully operational despite a recent court ruling forfeiting the bank’s shares, previously held by its former shareholders, to the federal government.
In a statement issued by its Acting Director, Hakama Sidi-Ali, the apex bank acknowledged concerns over the development but emphasized that it has taken necessary steps to safeguard depositors and maintain seamless operations.
The CBN clarified that the court ruling aligns with its earlier decision to assume control of Keystone Bank in January 2024. Since then, the bank has been under close regulatory supervision to ensure compliance, transparency, and depositor protection.
The central bank reaffirmed its commitment to financial stability and urged customers to reach out to Keystone Bank branches or customer support for further inquiries.
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 has reassured depositors and stakeholders that Keystone Bank remains stable and fully operational despite a recent court ruling forfeiting the bank’s shares, previously held by its former shareholders, to the federal government.){kind=link}