The bank management, in a statement published on X handle on Tuesday evening said the transition in ownership of the bank was due to recent ruling by a Lagos State High Court, Ikeja, against the former owners on Tuesday, 11, February. Keystone Bank also noted that the Central Bank of Nigeria (CBN) had previously dissolved the Board and Management of the Bank for corporate governance breaches. It added that The CBN followed this action with the appointment of a new Board and Management for the Bank with the suit filed at the Lagos High Court challenging the ownership of the Bank.