Threats from an unnamed official close to the President Muhammadu Buhari’s administration has forced Milost Global Inc., a New York based private equity firm, to terminate $1 billion equity and debt deal designed to grant it 60 per cent stake in Unity Bank Plc, sources have told Pointblanknews.com

The Sources who do not want to be named because of the sensitive nature of the information told our reporter that officials of the Nigerian Government had viewed the $1billion equity to Unity Bank as funds that might be used challenge Buhari’s re-election bid ahead of the 2019 elections.

This newspaper gathered that Buhari is bent on contesting the 2019 Presidential election and is highly determined to block any source of financing for opposition.

Aminu Babangida, son of former military ruler, General Ibrahim Badamasi Babangida is the Chairman of the Board of Unity Bank.

The Former President had been very critical of the All Progressive Congress, APC Government and had asked Nigerians to vote out Buhari in 2019.

Read more here: http://www.aproko247.com/2018/03/29/how-govt-agents-caused-us-firm-to-cancel-1b-equity-to-unity-bank-linked-to-ibb/