AMCON Appoints Financial, Legal Advisers for Enterprise Bank

The Asset Management Company of Nigeria (AMCON), which holds non-performing assets of troubled banks, said it had named Citigroup and Africa-focused investment bank Vetiva Capital to manage the sale of its shares in one nationalised bank.

While Citigroup Global Markets Limited and Vetiva Capital Management Limited were selected as financial advisers to the transaction, G. Elias & Company Limited emerged as the legal adviser.

A statement from the Head Corporate Communications, AMCON, Kayode Lambo, explained that the firms were selected after a thorough review of the responses received in respect of its Requests for Proposals.