Keystone Bank Limited was founded in the year 2011,it is a commercial bank in Nigeria and is one of the bank commissioned by the central Bank of Nigeria, the national banking regulator. Keystone Limited has debunked a credited statement to a political group, ‘’Take Back Naija initiative’’, which alleged that the Federal Government had ordered the closure of the bank for supporting the Presidential candidate of the Labour party in the person of Mr Obi.
Keystone Bank Limited has debunked a statement credited to a political group, “TakeBackNaija Initiative”, which alleged that the Federal Government had ordered the closure of its accounts with the bank for supporting the presidential candidate of the Labour Party, Mr. Peter Obi.Keystone Bank Management had made everything available to newsmen on Monday, the lender denied the allegations, stressing that at no time did the Federal Government or anyone else order it to close the said account.The bank said it closed the account because “it was irregularly opened, contrary to extant regulatory guidelines.“In line with applicable regulatory guidelines on treatment of such accounts with irregularities, funds received into this account have been returned to their sources of origin.“While we recognise the right of every citizen of our country to freely associate in pursuit of common objectives, we also believe as an institution that is subject to supervisory regulations, it is imperative we act within the confines of prescribed guidelines in all our dealings. “Keystone Bank is open to doing business with every Nigerian irrespective of background or beliefs. But we also owe the public a duty to conduct our business in a safe manner” the statement said.
