Wednesday, July 2, 2025
No Result
View All Result
News Den Nigeria
  • HOME
  • NEWS
    • NIGERIA
    • AFRICA
    • WORLD
  • POLITICS
  • BUSINESS
  • SHOWBIZ
  • EDUCATION
  • HEALTH
  • TECHNOLOGY
  • SPORTS
  • OPINION
  • MORE
    • FEATURES
    • INTERVIEWS
    • RELIGION
    • RELATIONSHIP
    • VIDEOS
  • HOME
  • NEWS
    • NIGERIA
    • AFRICA
    • WORLD
  • POLITICS
  • BUSINESS
  • SHOWBIZ
  • EDUCATION
  • HEALTH
  • TECHNOLOGY
  • SPORTS
  • OPINION
  • MORE
    • FEATURES
    • INTERVIEWS
    • RELIGION
    • RELATIONSHIP
    • VIDEOS
No Result
View All Result
News Den Nigeria
No Result
View All Result

FG Takes Over Keystone Bank

by NewsDen Publishers
February 13, 2025
in BUSINESS, NEWS, NIGERIA
0
FG Takes Over Keystone Bank
Share on FacebookShare on TwitterShare on WhatsappSend to Email

The federal government has taken over Keystone Bank following a ruling by the Lagos State Special Offences Court.

The troubled bank announced the takeover in a statement on Tuesday.

The trial judge, Justice Rahman Oshodi, ordered the ownership transfer and the forfeiture of 6.3 billion units of ordinary shares to the federal government at a nominal rate of one naira per share.

Maris School Admission Maris School Admission Maris School Admission
ADVERTISEMENT

“At the sitting of the court today, February 11, 2025, the court ordered the forfeiture of the shares of the bank previously held by the shareholders in favour of the Federal Government of Nigeria,” said the financial institution. “The implication of this judgment is that Keystone Bank Limited is now fully owned by the Federal Government of Nigeria.”

AlsoRead

Threat To Ikantu, Gbaramatu Sends S.O.S. Message To Govt

FG Says 31 States Risk Severe Flood

FG To Increase Salary Of Civil Servants

On January 10, 2024, the Central Bank of Nigeria announced the dissolution of the bank’s “previous board and management” for corporate governance breaches.

The apex bank followed this action by appointing a new board and management for the bank.”

“Subsequently, the Federal Government through the EFCC filed a court action at the Lagos State High Court, Ikeja, against the former owners challenging the acquisition of the bank,” the statement said.

Despite the crisis, Keystone said, “We assure our customers that the bank remains safe, healthy, strong, and resilient.”

NAN

ShareTweetSendSend
Previous Post

Otu Hails FG’s Commitment to Transform Obudu Cattle

Next Post

MRS Reduces Petrol Price

Related Posts

Gunmen Kill 10 Persons  In Anambra Community,
NEWS

Gunmen Kill 10 Persons  In Anambra Community,

by NewsDen Publishers
July 2, 2025
Anambra 2025: YPP candidate Chukwuma vows people-centric governance
NEWS

Anambra 2025: YPP candidate Chukwuma vows people-centric governance

by NewsDen Publishers
July 2, 2025
Onyeme Charges Council Chairmen To Work In Synergy With Executive Secretaries , Primary Healthcare Devt Agencies In Their Areas
HEALTH

Onyeme Charges Council Chairmen To Work In Synergy With Executive Secretaries , Primary Healthcare Devt Agencies In Their Areas

by NewsDen Publishers
July 1, 2025
Gov. Oborevwori Elevates Egware to Executive Assistant
NEWS

Gov. Oborevwori Elevates Egware to Executive Assistant

by NewsDen Publishers
June 30, 2025
Progressive Governors Affirm Commitment To National Reforms
NEWS

Progressive Governors Affirm Commitment To National Reforms

by NewsDen Publishers
June 28, 2025
Next Post
MRS Reduces Petrol Price

MRS Reduces Petrol Price

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

LATEST

Gunmen Kill 10 Persons  In Anambra Community,

Gunmen Kill 10 Persons  In Anambra Community,

July 2, 2025
Anambra 2025: YPP candidate Chukwuma vows people-centric governance

Anambra 2025: YPP candidate Chukwuma vows people-centric governance

July 2, 2025
Onyeme Charges Council Chairmen To Work In Synergy With Executive Secretaries , Primary Healthcare Devt Agencies In Their Areas

Onyeme Charges Council Chairmen To Work In Synergy With Executive Secretaries , Primary Healthcare Devt Agencies In Their Areas

July 1, 2025
Gov. Oborevwori Elevates Egware to Executive Assistant

Gov. Oborevwori Elevates Egware to Executive Assistant

June 30, 2025
Health Benefits Of African Butter Pear, Ube Or Safou

Health Benefits Of African Butter Pear, Ube Or Safou

June 30, 2025

TRENDING STORIES

  • Monday Onyeme Foundation Releases Guidelines For 2025 Prospective Scholarship Beneficiaries

    Monday Onyeme Foundation Releases Guidelines For 2025 Prospective Scholarship Beneficiaries

    0 shares
    Share 0 Tweet 0
  • Shimite Bello Buried

    0 shares
    Share 0 Tweet 0
  • Dantata Is Dead

    0 shares
    Share 0 Tweet 0
  • Why Ganduje Resigned As APC National Chairman

    0 shares
    Share 0 Tweet 0
  • Tantita Builds, Furnishes Secretariat For NUJ

    0 shares
    Share 0 Tweet 0
  • Gov. Oborevwori Elevates Egware to Executive Assistant

    0 shares
    Share 0 Tweet 0
  • Nigeria Replies U.S, No Security Threat In Abuja

    0 shares
    Share 0 Tweet 0
  • Progressive Governors Affirm Commitment To National Reforms

    0 shares
    Share 0 Tweet 0
  • Onyeme Bags Excellence Award From ESUT

    0 shares
    Share 0 Tweet 0
  • Know About COVID-19

    0 shares
    Share 0 Tweet 0
  • HOME
  • ABOUT US
  • CONTACT US

© NEWS DEN Since 2020 - Published by: GOLDSON'S RESOURCES.

No Result
View All Result
  • Home
  • NEWS
    • NIGERIA
    • AFRICA
    • WORLD
  • POLITICS
  • SHOWBIZ
  • EDUCATION
  • BUSINESS
  • HEALTH
  • TECHNOLOGY
  • SPORTS
  • OPINION
  • MORE
    • FEATURES
    • INTERVIEWS
    • RELIGION
    • RELATIONSHIP
    • VIDEOS

© NEWS DEN Since 2020 - Published by: GOLDSON'S RESOURCES.