By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Zenith Bank Plc on Monday said it’s seeking approval from the Securities and Exchange Commission (SEC) to divest its equity interest in its non-banking subsidiary, Zenith Securities Limited, the lender said in an issuers announcement to the Nigerian Stock Exchange (NSE).

The bank disclosed it has reached an agreement with some investors in respect of the sale and divestment of its investment/equity interest in Zenith Securities.

According to the lender, baring the occurrence of any unforeseen circumstance, the process will be completed shortly, after which the company’s Particulars of Directors (Co7) at the Corporate Affairs Commission (CAC) will be updated accordingly.