CBN Reassures Keystone Bank Customers After Court Order

• The Central Bank of Nigeria (CBN) has assured customers of Keystone Bank not to panic following a court order ordering forfeiture of the bank’s shares to the Federal Government.

• The CBN stated that Keystone Bank remains safe, sound, and fully operational.

  The bank’s operations are being closely monitored by the CBN to ensure compliance with regulatory standards and operational transparency.

The Central Bank of Nigeria (CBN) has assured customers of Keystone Bank not to panic following a court order ordering forfeiture of the bank’s shares to the Federal Government.

In a statement signed by Acting Director, Corporate Communications of CBN, Mrs. Hakama Sidi Ali, the apex bank said Keystone Bank remains safe, sound, and fully operational.

The statement reads: “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 Central Bank of Nigeria (CBN) wishes to reassure the public that Keystone Bank Limited remains safe, sound, and fully operational.

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“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.”

CBN Warns Banks Against Limiting ATM Withdrawals Below ₦20,000

The Central Bank of Nigeria (CBN) has threatened to penalize banks that compel customers to withdraw amounts lower than ₦20,000 per transaction from Automated Teller Machines (ATMs).

This was disclosed in a ‘Question and Answer’ explainer released by the apex bank.

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