KEYSTONE BANK REACTS
“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, Keystone Bank wishes to state that:
“1. Keystone Bank has never illegally hidden any amount of money belonging to the Federal Government or any of its agencies.
“2. 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.
“3.The bank is taking appropriate steps to respond to the issues raised in the Court Order.