February 22, 2025
CBN Reassures Customers as Federal Government Takes Full Ownership of Keystone Bank
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CBN Reassures Customers as Federal Government Takes Full Ownership of Keystone Bank

CBN Reassures Customers as Federal Government Takes Full Ownership of Keystone Bank

The Central Bank of Nigeria (CBN) has reassured customers that Keystone Bank Limited remains safe and fully operational, despite recent legal developments. This comes after a court in Ikeja approved a plea bargain between Sigma Golf and the Economic and Financial Crimes Commission (EFCC), which saw Sigma Golf forfeit N6.3 billion worth of shares in Keystone Bank to the federal government. 

This decision follows the transfer of ownership from the Asset Management Corporation of Nigeria (AMCON) to the Sigma Golf-Riverbank consortium last month. On Wednesday, Keystone Bank confirmed that the federal government has officially taken full control of the bank.

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In a statement on Friday, Hakama Sidi Ali, acting director of corporate communications at the CBN, stated that the central bank would continue to monitor the bank’s performance. He assured that all necessary measures would be taken to protect the interests of customers, staff, and other stakeholders.

The CBN also encouraged customers to reach out to Keystone Bank’s customer support or visit any branch for further inquiries or concerns.

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