The Central Bank of Nigeria on Sunday approved new management teams for the three nationalised banks-Afribank Plc, Bank PHB Plc and Spring Bank Plc.

The appointment was announced by the Asset Management Corporation of Nigeria.

AMCON in the statement announcing the appointments said “The newly appointed boards are entrusted with the mandate to manage these banks along best commercial practice to compete effectively in the Nigerian banking sector and provide quality service to customers.

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