The Central Bank of Nigeria (CBN) says Keystone Bank Ltd. remains safe, sound, and fully operational despite an existing court order.

The apex bank said this in a statement on Friday by Hakama Sidi-Ali, its spokesperson.

Ms Sidi-Ali said that although the previous shares of Keystone Bank held by the shareholders had been forfeited to the federal government, the bank remained stable.

“We acknowledge this development may have triggered customer concerns; however, we wish to underscore the stability of the banking system while the safety of depositor’s funds remains our top priority.

“Keystone Bank’s operations are secure, and there is no reason for concern.

“For clarity, the court order merely reaffirmed the central bank’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,” she said.

Ms Sidi-Ali said due to CBN’s commitment to safeguarding the financial system and building public trust, it would continue to monitor the bank’s performance.

She added that CBN would take all necessary steps to protect the interests of depositors, staff, and stakeholders.

Ms Sidi-Ali urged the clients to contact Keystone Bank’s customer support or visit branches for inquiries or concerns.

(NAN)