The Federal Government has officially taken over Keystone Bank Limited, following a court ruling that ordered the forfeiture of shares held by Sigma Golf Nigeria Limited and Umaru H. Modibbo, the bank’s largest shareholders.
The Central Bank of Nigeria (CBN) confirmed the new ownership, noting that the government now fully controls the bank. This comes after the previous board and management were sacked over corporate governance issues.
Keystone Bank has assured customers that it remains stable and fully operational.
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