Amid expected concerns by customers and the banking public in the aftermath of of the recent court order that shares of Keystone Bank Limited previously held by the shareholders reverts to the Federal Government, the Central Bank of Nigeria (CBN), on Friday reassured that there is no need to fear, as the bank remains safe, sound and fully operational.

In a statement, by Hakama Sidi Ali (Mrs.), Acting Director, Corporate Communications, the CBN reiterated “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,” the CBN said.

The court order, the statement stressed further, “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. Since then, the CBN has closely monitored the bank’s operations to ensure they are in full compliance with regulatory standards, operational transparency, and the interests of depositors.”

As part of its commitment to safeguarding the financial system and building public trust, the apex bank restated its resolve to continue monitoring performance of Keystone Bank.

“We will take all necessary steps to protect the interests of depositors, staff, and stakeholders,” it stressed further, urging customers contact the bank’s customer support or visit any the branches for inquiries or concerns.