Nigeria Business Review has gathered that there was uncertainty on Wednesday night over whether or not Heritage Bank, the preferred bidder for Enterprise Bank, had fully paid the bid price for the acquisition.

According to the Asset Management Corporation of Nigeria (AMCON), Heritage Bank was yet to credit its account few hours to the expiration of the October 15 deadline for the payment to be effected.

We equally gathered that a top official of Heritage Bank, said that the bank had paid the 80 per cent balance of the bid price into AMCON’s account with First Bank.

Heritage Bank had about three weeks ago paid 20 per cent of the 56.1billion naira bid price. Should Heritage Bank fail to meet up with the payment of the balance of the bid price, Fidelity Bank Plc, which emerged as the reserve bidder, will become the preferred bidder.
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