United Bank for Africa (UBA) has officially filed a lawsuit to challenge the controversial sale of 60% stake in the Ibadan Electricity Distribution Company (IBEDC) by the Asset Management Corporation of Nigeria (AMCON), a transaction worth 100 billion naira (67 million USD). The bank denounces an “illegal, opaque and detrimental transaction to its interests and…...
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Nigeria: UBA challenges the sale of IBEDC by AMCON
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