Business AMCON's Sale of Bridge Banks Under Threat

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LequteMan

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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.

Excerpt:

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

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