Assets Managment Corporation of Nigeria (AMCON)

Keystone Bank has taken over Bacita Sugar (Josepdam Sugar) due to Kia Africa Group's failure to repay debt totaling N25.3 billion, the facility with which it acquired the moribund sugar company from the Asset Management Corporation (AMCON).…

The federal government has formally taken over Keystone Bank Limited following a Lagos State Special Offences Court in Ikeja ruling on Tuesday, ordering the forfeiture of 6.3 billion units of ordinary shares of the bank valued at N1.00…