Keystone Sale- Disgruntled Southern interest groups accuse Amcon of favoritism


Southern Nigerian instrest groups within the Asset Management Corporation of Nigeria are voicing strong opposition to the planned sale of Keystone Bank Ltd
This comes as the state-owned asset management company is set to announce new owners for the bank, which is the last of the three nationalised financial institutions yet to be sold.
The disturbed officials accuse Ahmed Kuru, the chairman of AMCON, has concluded plans to hand over Keystone to a coalition of powerful Northern interests.
Barring any last minute changes, a firm linked to former Vice President Atiku Abubakar and Umar Modibbo, MD/CEO of Sigma Pensions Limited, may emerge the new owner of Keystone Bank with its nearly 160 branches after emerging victorious in a competitive biding process.
The petition, likely sponsored by interests who lost out in the bidding process aims to scuttle the sale of Bank. Numerous southern dailies including news sites after carried the story in an effort to truncate the handover process.

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