Keystone Bank has described as untrue a statement credited to a political group, “TakeBackNaija Initiative”, which accused the Federal Government of ordering the closure of its account with the Bank for supporting the presidential candidate of the Labour Party, Mr Peter Obi.
As contained In a statement issued by the Bank’s management on Monday, it denied the allegations, stressing the closure was arbitrary and not influenced by the Federal Government or anyone.
The Bank explained that the account was closed because it was irregularly opened contrary to extant regulatory guidelines.
“In line with applicable regulatory guidelines on the 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.
