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DisCos: Fidelity Bank takes over KEDCO, Kaduna Benin Electricity Companies over Heavy IndebtednessToday we were informed by Fidelity Bank that they have activated the call on the collateralized shares of Kano, Benin, and Kaduna Fidelity and AFREXIM DISCOs and that they have initiated action to take over the Boards of these DISCOs and exercise the rights on the shares.Fidelity Banks action is a contractual and commercial intervention and is between the Core Investors in the DISCOs and the lender. BPE is involved because of the 40% shareholding of Government in the DISCOs. Fidelity Bank has informed us that the new Board members of
stanley deutschland the affected DISCOs will be as follows:鈥?Kano DISCO: Hasan Tukur Chairman , Nelson Ahaneku Member , Engr. Rabiu Suleiman Member 鈥?Benin DISCO: KC Akuma C
stanley mug hairman , Adeola Ijose Member , Charles Onwera Member 鈥?Kaduna DISCO: Abbas Jega Chairman , Ameenu Abubakar Member , Marlene Ngoyi Member BPE has nominated Bashir Gwandu Kano , Yomi Adeyemi Benin , and Umar Abdullahi Kaduna as
stanley usa independent Directors to represent Governments 40% interest in the three DISCOs respectively, during this transition.We are engaging with the Central Bank of Nigeria as the banking sector regulator to ensure an orderly transition and to ensure that Fidelity Bank does not hold the DISCOs shares in perpetuity.It is envisaged that the majority interest in the entities would be sold to capable private sector investors willing and able to re-capitalize and manage th
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Тема: kpox Commentary: It s a new day in the NBA, and that s good (Прочитано 5 раз)