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