Admin l Tuesday, March 28, 2017
VICTORIA ISLAND, Lagos – New owners of Keystone Bank Limited made up of Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited have appointed Mr. Hafiz Bakare as Acting Managing Director of the Bank.
His appointment takes effect from April 1, 2017. He succeeds Mr. Phillip Ikeazor who was brought in by AMCON.
Hafiz Bakare serves currently as Executive Director, Corporate Bank and Treasury. Information about the new appointment was unveiled today at a meeting by the new owners with management of the bank.
The new owners, according to AMCON emerged preferred bidder after the acquisition of the bank’s shares and the mandatory regulatory approvals from the Central Bank of Nigeria (CBN) and Securities and Exchange Commission (SEC).
AMCON said the process leading to the acquisition started with interest shown by 18 parties cutting across local and international investors.
“The emergence of the Sigma Golf-Riverbank consortium resulted from a rigorous and competitive bidding process, which was coordinated for AMCON by Citibank Nigeria Limited, its affiliates and FBN Capital (Joint Financial Advisers) as well as Banwo & Ighodalo and Crosswrock Law (Joint Legal Advisers),” ANCON said.
