₦airaland Forum

FG did not order Keystone Bank to close ‘TakeBackNaija’ account –Management

7th November 2022

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.

In a statement issued by Keystone Bank Management and made available to newsmen on Monday, the lender denied the allegations stressing that at no time did the Federal Government or anyone 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 recognize 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.

Keystone Bank says FG did not order it to close ‘TakeBackNaija’ account

By Guardian Nigeria
07 November 2022 | 7:30 am

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.

In a statement issued by Keystone Bank Management and made 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.

Keystone Bank Limited, founded in 2011, is a commercial bank in Nigeria. The bank is one of the commercial banks licensed by the Central Bank of Nigeria, the national banking regulator.

2022 CAF WCL: Bayelsa Queens Thrash Egypt’s Wadi Degla, Advance Into Semi-finals

November 6, 2022 11:12 pm

Debutant Bayelsa Queens have qualified for the semi-finals of this year’s CAF women’s Champions League, after thrashing Wadi Degla of Egypt 3-0 in their final Group B game on Sunday.

Bayelsa Queens become the first Nigerian women’s club to qualify from the group stage of the club competition.

Goals from Juliet Sunday and Mercy Ikimi secured Bayelsa Queens’ passage into the semis.

The Nigeria league champions opened scoring in the 8th minute thanks to Sunday before Ikimi made it 2-0 on 48 minutes.

And in the 53rd minute Ikimi got her brace to put Bayelsa Queens 3-0 ahead.

They will now face hosts AS FAR of Morocco in the semi-final on Wednesday, 9th November.

The second semi-final is between champions Mamelodi Sundowns and Tanzanian club Simba Queens.

UPDATE: The International Staff School of the Lagos State University of Science and Technology wishes to commiserate with the family of Abdurahman Dauda, one of our pupils who was involved in an unfortunate incident that led to his untimely death.

We want to state that the school and Nigerian Police commenced investigations immediately after the matter was reported. Subsequently, the case was taken to the court of competent jurisdiction, and appearances started on Monday, 31 October 2022.

The three affected members of staff who were allegedly accused of complicity in the unfortunate situation are currently remanded at the Nigerian Correctional facilities in Lagos.

As the case is already before a competent court, we seek the public's prayers and understanding with the school Management and parents of the deceased at this moment of grief and sober reflection.

This statement is necessary to state the current situation to the public for record purposes.

The situation is regrettable.

Signed

School Management
06 November 2022