By Dipo Olowookere
The local investors who recently bought Keystone Bank have taken ownership of the financial institution.
Last week, the Asset Management Corporation of Nigeria (AMCON) announced Sigma Golf-Riverbank Consortium as the new owners of the bank.
Last Friday, Keystone Bank was finally handed over to Sigma Golf-Riverbank Consortium, who will now run the company and make efforts to reposition it into a world class financial institution.
The exercise, we learnt, was finalised after a meeting in Lagos with representatives of Sigma Golf-Riverbank Consortium, AMCON, Keystone Bank, KPMG Professional Services, Boston Advisory Services, Giwa Osagie & Co., Pan-African Capital Limited, FBN Capital Limited, Citibank Nigeria Limited, Banwo & Ighodalo and CrosswrockLaw all in attendance.
Recall that in 2011, Keystone Bank, formerly Bank PHB, was taken over by AMCON, which appointed a board and management to stabilise the bank.
