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Keystone Bank now fully owned by FG following Sigma Golf’s dissolution by Court

Summary by Nairametrics

Keystone Bank Limited on Tuesday announced that it is now fully owned by the Federal Government of Nigeria, following the court’s dissolution of its former shareholder, Sigma Golf Nigeria Limited. This was disclosed in the bank’s statement after the judgement by the Lagos State Special Offences Court, sitting in Ikeja, Lagos, on Tuesday, February 11, […] The post Keystone Bank now fully owned by FG following Sigma Golf’s dissolution by Court app…

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Tekedia

Keystone Bank Now Fully Owned by Nigerian Government Following Court Ruling on Fraudulent Share Acquisition

Keystone Bank Limited is now officially owned by the Federal Government of Nigeria following a Lagos court ruling that dissolved its former shareholder, Sigma Golf Nigeria Limited. The judgment, delivered on Tuesday, February 11, 2025, by the Lagos State Special Offences Court, sitting in Ikeja, was in response to a case filed by the Economic […] The post Keystone Bank Now Fully Owned by Nigerian Government Following Court Ruling on Fraudulent S…

10 days ago

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Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.

FG takes full ownership of Keystone Bank after Sigma Golf’s plea deal

The federal government has officially taken full ownership of Keystone Bank Limited after the Lagos state special offences court approved the forfeiture of shares previously held by its former shareholder, Sigma Golf Nigeria Limited. Keystone Bank announced the development in a statement on Tuesday. The court, sitting in Ikeja, approved a plea bargain agreement between Sigma Golf and the Economic and Financial Crimes Commission (EFCC), which…

11 days ago

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Blackbox Nigeria

FG Takes Charge of Keystone Bank Following Court Judgment - Blackbox Nigeria

FG Takes Charge of Keystone Bank Following Court Judgment Ghazali Ibrahim The Federal Government of Nigeria has officially taken control of Keystone Bank following a recent court judgment delivered on February 11, 2025. Keystone Bank Limited, licensed to resume operation on August 5, 2011 by the Central Bank of Nigeria (CBN) acquired all the assets, deposit liabilities and certain other liabilities of the erstwhile Bank PHB Plc from the Nigeria …

11 days ago

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Business Hallmark

FG takes over Keystone Bank

The federal government has taken full control of Keystone Bank to “enhance its stability and facilitate a smooth recapitalisation process.” The bank disclosed this in a statement on its Instagram page on Tuesday evening, following a ruling by the Lagos State High Court, Ikeja. The court ordered the forfeiture of shares previously held by the […] The post FG takes over Keystone Bank first appeared on Business Hallmark.

11 days ago

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African Examiner

FG Takes Full Ownership Of Keystone Bank

(AFRICAN EXAMINER) – The Federal Government has taken full ownership of Keystone Bank. This is according to a statement by the bank posted on its X handle on Tuesday evening. It read, “Keystone Bank Limited wishes to clarify media report of a judgement by the Lagos State Special Offences Court, sitting in Ikeja, Lagos, on […] The post FG Takes Full Ownership Of Keystone Bank first appeared on African Examiner.

11 days ago

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