Nigeria, Feb. 14 -- The Central Bank of Nigeria (CBN) has assured depositors and stakeholders that Keystone Bank remains stable and fully operational.

The development comes against the backdrop of a court order mandating the forfeiture of shares previously held by the bank's shareholders.

In a statement issued by the CBN spokesperson, Hakama Ali, on Friday, the CBN said the forfeiture order merely reaffirmed its earlier decision to assume control of Keystone Bank's management in January 2024, following a leadership change.

The central bank emphasised that the bank's operations remain secure, with full compliance with regulatory standards and a commitment to transparency.

"Following the court order that the shares of Keystone Bank Limi...