AMCON not taking over Wema Bank’

The Asset Management Corporation of Nigeria (AMCON) yesterday said it will not have any impact on Wema Bank’s normal business operations.

In a three-paragraph statement by the corporation in Lagos, it reiterated that it was established primarily “to help revive and stabilise the Nigerian economy by effectively resolving the non-performing loan assets in the Nigerian banking sector”.

AMCON said it had not taken over ownership of Wema Bank.

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