Politics FG may review acquisition of Bank PHB, Oceanic, four others - The Sun


…May audit #AMCON activities

Strong indications emerged last week that the Federal Government may call for a total review of the policy guidelines used by the former Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, in executing the take over of six deposit money banks in 2009.

This is coming on the heels of a petition by some aggrieved Nigerian shareholders to the World Bank, IMF and the Presidency.

The two international bodies, according to a Presidency source in a letter to President Goodluck Jonathan and signed by Christine Lagarde of IMF and Dr. Jim Yong Kim, of World Bank respectively, had requested for a review of the process.

The banks in question include Bank PHB Plc, Afribank Plc, Spring Bank Plc, Union Bank of Nigeria, Intercontinental Bank Plc, and Oceanic Bank Plc.

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Source: #TheSun Newspaper