Keystone Bank Appoints Hafiz Bakare Acting CEO As It Prepares For Change Of Name


Most of us are aware that keystone bank has been acquired by Sigma Golf-Riverbank Consortium. And guess what, change of name loading. From Bank Phb to keystone, and next would be.. we are waiting to hear the new name.
I’m a loyal customer so am interested to know what goes on in the bank. But part of my anger this past few days since the announcement of the acquisition of the bank was the illegal and fraudulent deductions made in customers account.

Two days after it was announced that Keystone bank has been acquired, I was so shocked when I got an email that about N232 was deducted from my account for no good reason. It was just termed “charges.” Charges for what? N232 na money for this recession. Plus other deductions made this past couple of days. It was fraudulent because there was text message sent to me about the deduction. Only email was sent to me. Because they knew that there would be an outrage when they send text, many people will see it. But guess what! Some people don’t know that deductions where made from their account because the messages were sent via email. It was unusual about keystone which is why I like them. There are no unnecessary charges and deductions.

Well, keystone bank has a new Acting managing Director/CEO and his name is Hafiz Bakare. Here is his message to customers:

Dear customer,

In the last two weeks, we have provided you with series of updates in respect of the hand-over of the Bank to the Sigma Golf-Riverbank Consortium upon the successful conclusion of the Asset management Corporation of Nigeria (AMCOM), the Bank’s erstwhile owners.

The events within this period culminated in the completion of the erstwhile managing Director/CEO, Mr. Philip Ikeazor’s tenure on Friday 31st March 2017 and my assumption of office as Acting Managing Director/CEO effective 1st April, 2017. Being a member of the immediate past board and management of the Bank, I have the institutional memory which would be leveraged to the advantage of the bank and all stakeholders, especially customers.

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The transition has been seamless and I am pleased to lead the bank into the next phase of its corporate existence as a privately-owned financial institution. As earlier communicated, I will be performing this role as a member of the transition board which has Alhaji Umaru Modibbo as Chairman, and the Bank will operate under this transitional arrangement until the full complement of the new board is in place.

I thank you for your business patronage and the confidence reposed in Keystone Bank. As we progress in this new phase, please be assured that the Bank’s capacity will be enhanced in all respects to serve you better.

Thank you.

Hafiz Bakare

Ag. Managing Director/CEO

Keystone Bank Appoints Hafiz Bakare Acting CEO As It Prepares For Change Of Name - Brand Spur