The Asset Management Company of Nigeria, AMCON, has said it would be selling off, Keystone, Enterprise and Mainstreet banks, in 2014.

The three banks, formerly known as Bank PHB, Spring Bank, and AfriBank were among the banks with infractions after the Central Bank’s audit in 2009.

Their situations were beyond mere bailouts and they had to be totally restructured, refunded and nationalised, to save depositors funds.

The Head of Corporate Communications at AMCON, Kayode Lambo, who made this known, stated that the banks are quite stable.

Read details at: http://premiumtimesng.com/business/133967-amcon-confirms-sale-of-nationalised-banks-in-2014.html