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LequteMan
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Nigeria- The Central Bank of Nigeria, NDIC, AMCON and others have been dragged to court by shareholders of the defunct BankPHB over sale of the bank, the Punch reports.
They reportedly want to be compensated with N38.6bn and also demanded N20bn as damages. Excerpts:
Some shareholders of the defunct Bank PHB Plc have headed for a Federal High Court in Lagos claiming that they were not duly compensated when the bank’s assets were transferred to Keystone Bank Plc.
Joined as defendants in the suit, marked FHC/L/CS/1273/11, are the Central Bank of Nigeria, Keystone Bank Limited and the Attorney General of the Federation.
Others are the Nigeria Deposit Insurance Corporation and the Asset Management Corporation of Nigeria.
click here to read more
Source: Punch
#Nigeria #CBN #PHB #NDIC #AMCON #KeyStone
They reportedly want to be compensated with N38.6bn and also demanded N20bn as damages. Excerpts:
Some shareholders of the defunct Bank PHB Plc have headed for a Federal High Court in Lagos claiming that they were not duly compensated when the bank’s assets were transferred to Keystone Bank Plc.
Joined as defendants in the suit, marked FHC/L/CS/1273/11, are the Central Bank of Nigeria, Keystone Bank Limited and the Attorney General of the Federation.
Others are the Nigeria Deposit Insurance Corporation and the Asset Management Corporation of Nigeria.
click here to read more
Source: Punch
#Nigeria #CBN #PHB #NDIC #AMCON #KeyStone
