Nigeria's AMCON to start Keystone Bank sale after elections

The Asset Management Corporation of Nigeria (AMCON) plans to begin the sale of Keystone Bank Ltd., the biggest of three lenders nationalized after a 2009 financial crisis, in the second quarter after general elections next month.

“We chose to start in the second quarter to allow for elections to come and go,” Mustafa Chike-Obi, chief executive officer of state-owned Amcon, said by phone today. “By that time everything has returned to normal.”

Read more: Nigeria to Start Nationalized Keystone Bank Sale After Elections – Bloomberg.

Recommended