Keystone Bank to be Sold After Election

Mustafa Chike-Obi

Keystone Bank to be put up forsale by the Asset Management Corporation of Nigeria (AMCON) in the second quarter of 2015.

In the words of the CEO of AMCON, Mustafa Chike-Obi, “We chose to start in the second quarter to allow for elections to come and go, by that time everything would have returned to normal". The sale will be transparent and AMCON will call for bids with a selection process lasting three to four months and ending this year.