By Abaire Olanlesi
The Central Bank of Nigeria (CBN), has assured the public that Keystone Bank remains financially stable and fully operational despite a court ruling forfeiting its shares to the Federal Government.
CBN’s Acting Director of Corporate Communications, Hakama Sidi Ali, emphasized that the ruling aligns with the bank’s management takeover in January 2024 and has no impact on depositors’ funds.
The forfeiture follows the conviction of Sigma Golf Nigeria Limited, Keystone Bank’s former shareholder, and ex-AMCON MD Ahmed Kuru over an alleged N20bn fraud.
