November 23, 2017

AMCON seeks foreign experts to privatise bridged banks

AMCON seeks foreign experts to privatise bridged banks

The Asset Management Corporation of Nigeria (AMCON) has extended its tentacles abroad in search of financial and legal experts to assist the Corporation in its bid to ensure a hitch- free privatization of the three bridged banks. The bridged banks, Keystone Bank Ltd., Enterprise Bank Ltd. and Mainstreet Bank Ltd. are the defunct BankPHB Plc, Spring Bank Plc and Afribank Nigeria Plc respectively which were among other banks rescued by the Central Bank of Nigeria (CBN) last year are now set for privatization amidst fears that the exercise could run into stormy water. The worry arises from some issues raised…