Skye Bank Confirms Purchase Of Mainstreet Bank

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Skye Bank has completed its takeover of Mainstreet Bank.

The Assets Management Corporation of Nigeria, AMCON, confirmed the deal over the weekend.

At a short handover held at AMCON headquarters in Lagos, at which the directors of Mainstreet Bank and Skye Bank were present, AMCON handed over ownership and praised Skye Bank for emerging the preferred of the over 29 bidders “in the highly competitive and transparent process that took over a year to complete”.

Skye Bank had, between October 3rd and 31st, paid both the initial 20 per cent mandatory deposit and completed the 80 per cent balance.

 

Wana

Wana

Quo non Ascendam. Writer. E-mail: wana@360nobs.com

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