Why We Blocked Peter Obi’s Support Group Account- Keystone Bank

Keystone Bank has clarified that it froze the account of Take Back Naija, a support group of Peter Obi, Labour Party presidential candidate, because of regulatory guidelines from the bank’s supervisor.

 

Newsonline reports that Keyston Bank added that funds in the account have also been returned to donors in line with the directive of the bank’s supervisor.

 

In a statement issued by Keystone Bank’s management and made available to newsmen on Monday, it said though the bank recognizes the rights of citizens to freely associate in pursuit of common goals, it was imperative it acted within the prescribed guidelines.

 

The statement read, “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.”