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ACCESS BANK CHIEF, AIGBOJE AIG-IMOKHUEDE RINGS THE BELL ON INTERCONTINENTAL BANK WITH 50 BILLION NAIRA

 Aigboje Aig- Imokhuede the group managing director of Access Bank Nigeria Plc is ecstatic about buying Intercontinental Bank off the shelf! Today in Lagos, the latest news reaching gistmaster indicates that Access Bank is coughing out 50 billion Naira to acquire 75 per cent of Intercontinental bank.
 Aig-Imokhuede confirmed today in Lagos that Access bank has concluded all it needed to do to take over Intercontinental Bank. According to him, the merger would have a strong network of about 500 branches when it finally take off. Shareholders of both banks are also expected to vote at the end of September 2011 on the merger.
It would be recalled that Intercontinental Bank, formerly managed by Mr. Erastus Akingbola was ' diagnosed'  of having serious toxic debt problem, amongst other several issues detected by the malam Sanusi Lamido Sanusi led Central Bank of Nigeria.
-By Niyi Tabiti
 
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