Consortium Finally Takes over Keystone Bank

March 27, 2017
Consortium Finally Takes over Keystone Bank

Consortium Finally Takes over Keystone Bank

By Dipo Olowookere

The local investors who recently bought Keystone Bank have taken ownership of the financial institution.

Last week, the Asset Management Corporation of Nigeria (AMCON) announced Sigma Golf-Riverbank Consortium as the new owners of the bank.

Last Friday, Keystone Bank was finally handed over to Sigma Golf-Riverbank Consortium, who will now run the company and make efforts to reposition it into a world class financial institution.

The exercise, we learnt, was finalised after a meeting in Lagos with representatives of Sigma Golf-Riverbank Consortium, AMCON, Keystone Bank, KPMG Professional Services, Boston Advisory Services, Giwa Osagie & Co., Pan-African Capital Limited, FBN Capital Limited, Citibank Nigeria Limited, Banwo & Ighodalo and CrosswrockLaw all in attendance.

Recall that in 2011, Keystone Bank, formerly Bank PHB, was taken over by AMCON, which appointed a board and management to stabilise the bank.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

Leave a Reply

714,000 Internet Subscribers Leave MTN Network
Previous Story

714,000 Internet Subscribers Leave MTN Network

EFCC Report Indicts Saraki, Ex-Bank MD in N19b Paris Club Scam
Next Story

EFCC Report Indicts Saraki, Ex-Bank MD in N19b Paris Club Scam

Latest from Banking

Don't Miss