Global Realty Portal

The advisers of the Assets Management Corporation of Nigeria have reduced the 23 investors lining up to buy Mainstreet Bank to just seven, with the bad assets manager hoping to name the successful buyer on October 31. The successful buyer of Enterprise Bank, one of the three nationalised banks created after the 2009 banking crisis from the defunct Afribank, Bank PHB and Spring Bank, will also emerge next week after a year-long rigorous sale process. The three nationalised banks created from the failed banks are Enterprise Bank, Mainstreet Bank and Keystone Bank. The Managing Director, AMCON, Mr. Mustafa Chike-Obi, told our correspondent during an exclusive interview in Lagos on Tuesday, “The process always starts with a lot of prospective buyers and AMCON-appointed advisers always do some interactions with them and we narrow it down based on a number of objective criteria. “With Mainstreet Bank, we started with about 23 prospective buyers and I believe that we are down t...

CONTROVERSY over the Federal Government’s postponement of resumption date for primary and secondary schools across the country till September 22 over the Ebola scourge continued Tuesday with the House of Representatives resolving to wade into the matter.    It has asked its Committee on Education to take another look at the issue of resumption date for private and public primary and secondary schools. The Education Minister, Mallam Ibrahim Shekarau, had announced a new resumption date for the 2014/2015 academic session so as to give the country’s health authorities enough time to contain the Ebola Virus Disease (EVD) spread.    However, private school owners have vehemently opposed the one-month shift, a development that compelled the ministry to bring resumption forward to September 22, 2014, after an interface with stakeholders in the sector.    Responding to inquiries from newsmen Tuesday in Abuja, the Deputy Chairman, House Committee on Media ...