The planned sale by Mainstream Bank by the Asset Management Company of Nigeria (AMCON) has continued to generate controversy, with AMCON say it reserves the right to sell the bank to willing buyers.
The shareholders of Mainstreet Bank, Afribank, now the disabled had a cavear emptor posted on AMCON the invitation for expression of interest for the acquisition of shares in AMCON Mainstreet Bank Limited.
The Managing Director of the AMCON, Mr Mustapha Chike Obi, on Tuesday responded to the publication, insisting that the supposed shareholders had no right to write this publication AMCON was the sole owner of the financial institution.
"There is only one shareholder of Mainstream Bank and that is AMCON. The old Afribank has legally grounded by the judge, so that Afribank no longer exists. If you are shareholders of Mainstream Bank says it is only AMCON.
He said that when the bank took over the AMCON 450 billion Naira to ensure that depositors with Afribank not lose their resources.
"Anyone willing to give that money back to the bank have back AMCON," said Mr. Chike Obi, stressing the need for AMCON to recoup its money.
He said that the decisions of the famed shareholders about the planned sale was wrong as the owners of the bank had destroyed by the banks and decided to back the bank at no cost.
CHIKE-Obi, which our guest on our business program business morning on Tuesday, maintained that there was no case in Court that prevents sell AMCON Mainstreet Bank Limited.
According to him, the sale of the bank is muted for over a year now and everything has done in a transparent manner.
He confirmed that 25 investors had responded to the expression of interest request so far and the process was not yet completed.
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