TSA: We Didn’t Hide Any Fund, Keystone Bank Insists

The management of Keystone Bank Limited has insisted that the lender did not and has never hidden any fund belonging to the Federal Government or its agencies.

It will be recalled that Justice Chuka Obiozor had ordered seven banks to remit the various sums allegedly being kept illegally in their custody to the designated Federal Government’s Asset Recovery dollars account domiciled with the Central Bank of Nigeria, CBN.

The banks in question were United Bank for Africa, UBA; Diamond Bank Plc; Skye Bank Plc; First Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; and Sterling Bank Plc.

ALSO READ:   FirstBank Launches MVisa

Some of these banks have disputed this allegation.

In a statement, Keystone Bank also said : “In response to the news making the rounds that the Federal High Court sitting in Lagos had made an order directing Keystone Bank Limited to remit the sum of $17m allegedly illegally kept in its custody to the TSA, we wish to state that:

ALSO READ:   Why We Can’t Provide Information On Buhari’s Treatment- Mr. Godwin Emefiele

“Keystone Bank has never illegally hidden any amount of money belonging to the Federal Government or any of its agencies.

“Details of all Federal Government funds in custody of Keystone Bank had always been fully disclosed to all relevant Federal Government agencies and at no time did Keystone Bank collude or ‎conspire with any official of the Federal Government to disobey the Federal Government directives on the TSA.

“We are taking appropriate steps to respond to the issues raised in the Court Order.”

ALSO READ:   Boosting Infrastructure Investment By Addressing Governance Gaps



Copyright 2018 E247Magazine. Permission to use quotations from this article is granted subject to appropriate credit being given to https://www.e247mag.com as the source.


  1. Thank you so much for giving everyone an extraordinarily pleasant possiblity to read critical reviews from this blog. It’s always very fantastic and as well , stuffed with amusement for me and my office fellow workers to visit your web site on the least thrice a week to study the newest issues you will have. And lastly, we are certainly fulfilled concerning the impressive points served by you. Selected 3 ideas in this post are absolutely the most effective we’ve ever had.

  2. Hey there, I think your website might be having browser compatibility issues. When I look at your website in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, excellent blog!

  3. Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!

  4. hello!,I really like your writing so so much! percentage we keep up a correspondence extra approximately your article on AOL? I require an expert on this house to resolve my problem. May be that’s you! Taking a look forward to peer you.

  5. you’re in reality a just right webmaster. The website loading velocity is incredible. It kind of feels that you’re doing any distinctive trick. Also, The contents are masterpiece. you have done a excellent job in this matter!

  6. My brother recommended I might like this blog. He was once entirely right. This submit truly made my day. You can not believe just how much time I had spent for this info! Thanks!

  7. You could certainly see your expertise in the work you write. The sector hopes for even more passionate writers such as you who are not afraid to say how they believe. At all times follow your heart.

  8. Some really wonderful blog posts on this website, thank you for contribution. “The difference between fiction and reality Fiction has to make sense.” by Tom Clancy.

  9. My spouse and i got really lucky when Raymond managed to round up his basic research through the precious recommendations he acquired when using the blog. It’s not at all simplistic just to happen to be giving freely helpful tips which the rest may have been trying to sell. And we all remember we have got the blog owner to give thanks to for this. The specific explanations you have made, the straightforward site navigation, the friendships your site assist to engender – it’s got many remarkable, and it is helping our son in addition to our family consider that that topic is amusing, and that is extremely serious. Thank you for all!

  10. I’ll immediately clutch your rss as I can’t in finding your email subscription hyperlink or newsletter service. Do you have any? Kindly permit me know in order that I may subscribe. Thanks.

  11. I’m not that much of a online reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your site to come back in the future. Many thanks

  12. Please let me know if you’re looking for a article author for your site. You have some really good articles and I feel I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some articles for your blog in exchange for a link back to mine. Please blast me an e-mail if interested. Thank you!

  13. Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.

  14. We are a group of volunteers and opening a new scheme in our community. Your website offered us with valuable info to work on. You have done a formidable job and our entire community will be thankful to you.

  15. I really wanted to construct a brief message in order to thank you for these unique strategies you are showing at this website. My extended internet research has now been rewarded with extremely good concept to write about with my close friends. I would tell you that we readers are unquestionably lucky to live in a decent place with very many special individuals with great solutions. I feel really happy to have used the webpages and look forward to tons of more enjoyable minutes reading here. Thank you once again for a lot of things.


Please enter your comment!
Please enter your name here