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Keystone Bank Finally Sold Off By AMCON

The Asset Management Corporation of Nigeria (AMCON) has announced the sale of one of Nigeria’s well-known commercial banks, Keystone.

In a statement signed by Jude Nwauzor, AMCON head of corporate communications, it said the bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment
Resources Limited (the Sigma Golf – Riverbank consortium).

Nwauzor said AMCON “is pleased to announce Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium) as the new investors in relation to the acquisition of the entire issued and fully paid up ordinary shares of Keystone Bank Limited”.

“This follows the receipt of the necessary regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).

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