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Keystone Bank: FG did not direct us to close the “TakeBackNaija” account

Keystone Bank Limited has denied claims made by a political group known as the “TakeBackNaija Initiative” that the Federal Government ordered the closure of its accounts with the bank for supporting Mr. Peter Obi, the presidential candidate of the Labour Party (LP).


On Monday, Keystone Bank Management issued a statement in which it denied the allegations and emphasized that neither the Federal Government nor anyone else ever instructed it to close the aforementioned account.
According to the bank, the account was closed because it was “illegally opened contrary to existing regulatory guidelines.”
“Funds received into this account have been returned to their sources of origin in accordance with applicable regulatory guidelines on the treatment of such accounts with irregularities.”


“We recognize the right of every citizen of our country to freely associate in pursuit of common goals, but as an institution subject to supervisory regulations, we believe it is essential that we act within the confines of prescribed guidelines in all of our dealings.
Keystone Bank is willing to do business with any Nigerian, regardless of their background or religious beliefs.The statement continues, “But we also owe the public a duty to conduct our business in a safe manner.”

Akahi Tutors: PASS AT ONCE in 2023 JAMB, Post UTME, SSCE, Pre-Degree, JUPEB & School of Nursing @ Akahi Tutors, Ile-ife. Call 08038644328

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