I was a guest on Channels TV’s programme, SUNRISE, on Saturday, 13th August, 2011, as an analyst invited to discuss the recent nationalisation of Afribank (Mainstreet Bank), BankPHB (Keystone Bank) and Spring Bank (Enterprise Bank). Also on the programme was Mr. Mustapha Chike-Obi, the Managing Director and Chief Executive Officer […]

Obinna Chima More rescued banks risk nationalisation if their shareholders refuse to approve their Transaction Implementation Agreements (TIAs) with prospective investors at extraordinary general meetings, the Asset Management Corporation of Nigeria (AMCON) has warned. The corporation said it is determined to protect depositors by all means. Afribank Plc, Bank PHB […]

By Olamilekan Lartey The Federal Mortgage Bank of Nigeria said on Monday that it had lost about N100bn to corruption by employers of labour, who failed to remit contributions to the National Housing Fund. The Managing Director, FMBN, Mr. Gimba Ya’U Kumo, said this while appealing to the Economic and […]