Nigeria’s Amcon to Lease Seized Property to Plug Funding Gap

  • CEO for bad bank rules out another bailout of nation’s lenders
  • Agency expects to complete sale of Keystone Bank this quarter

The Nigerian state-owned agency set up six years ago to take on bad debts and rescue the nation’s banking industry from collapse may lease out properties seized from companies that are failing to repay loans as it grapples with its own cash crunch.

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