Polaris Bank will reportedly be put up for sale after the 2019 elections, coming months after it was taken over from Skye Bank. According to Reuters, this was disclosed by the Asset Management Corporation of Nigeria (AMCON) spokesman, Jude Nwauzor, on Tuesday.
Speaking on plans for the sale of the bank, Nwauzor said:
“The election season has slowed down things. We would advertise for expressions of interest from investors after elections and commence the sale process”.
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