Speculations have been rife that President Muhammadu Buhari’s associates were involved with Keystone bank.

But the management of Keystone Bank says it has no ties with President Buhari or even the former vice president Atiku Abubakar who allegedly made the accusation.

In a statement released on Tuesday, the bank denied statements linking it to the president.

“The fact of the ownership of Keystone Bank by the Asset Management Corporation of Nigeria was never in doubt. On March 23, 2017, AMCON divested its ownership of Keystone Bank after successful bidding that followed due process,” the statement read.

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“We confirm that the Sigma Golf-Riverbank Consortium owns 100% of Keystone Bank. From the records available to us which are verifiable at the Corporate Affairs Commission, the core investors (Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited) have no relationship with either President Muhammadu Buhari or Alhaji Abubakar Atiku, as may be widely speculated.”

The former vice president who is the Presidential Candidate of the People’s Democratic Party, Atiku Abubakar, has called on the appropriate authorities to urgently institute a probe to unravel the hidden faces behind the new ownership structure of multi-billion-naira telecoms giant, Etisalat Nigeria, as well as Keystone Bank.

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