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Business AMCON's Sale of Bridge Banks Under Threat



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The sale of three bridge banks that emerged after the Central Bank of Nigeria (CBN) and Asset Management Corporation of Nigeria (AMCON) perfected the take-over of the defunct Bank PHB, Afribank and Spring Bank is reportedly under threat.


Daily Independent exclusively gathered at the weekend that the shareholders of the banks, who felt aggrieved with the take-over of their banks, have perfected plans to return to court to stop the new sale arrangement.

A source, who preferred anonymity for now, confided in Daily Independent that frantic efforts were being made by the shareholders to stop the development through the court.

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#Nigeria #AMCON #PHB #AFribank #SpringBank