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AMCON Sells Keystone Bank to Nigerian Investors, Marking a New Era in Domestic Banking Ownership

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The Asset Management Corporation of Nigeria (AMCON) has officially completed the sale of Keystone Bank Limited to a group of Nigerian investors, a development widely regarded as a major milestone in the country’s financial and banking sector. The transaction represents a significant step in the Federal Government’s long-standing efforts to reduce direct involvement in commercial banking while promoting indigenous ownership and private sector participation. Keystone Bank, one of Nigeria’s mid-tier commercial banks, had been under AMCON’s control since 2017 following regulatory intervention by the Central Bank of Nigeria (CBN). The takeover was part of broader measures aimed at stabilizing the financial system after governance and capital adequacy challenges threatened the bank’s operations. Since then, AMCON has overseen the bank’s restructuring, recapitalization, and operational reforms, paving the way for its eventual divestment. A Strategic Exit for AMCON AMCON was established i...
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Baby Dies After Mother Gives Tramadol, Goes Clubbing

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 An unidentified woman whose child died after she allegedly gave her baby tramadol drug and went clubbing has been arrested by the Cameroonian Police Command. 

"The innocent child was the only thing standing in her way as she couldn't take him to the club. So what did this girl do?


The Instagram user, who shared the story with pictures of the lady and the dead baby, said the mother gave the child the drug so the baby could sleep while she went out to party with friends.

The incident was said to have happened in Likombo area of Tiko in the South-West region of Cameroon.

It was further revealed that the said mother locked the baby in the house after giving him the drug before going out.

Upon her return, she discovered the child lying down lifeless where she had put him and then raised the alarm. It was further revealed that the residents of the community descended on her and beat her up before the police intervened and carted her away.

The caption of the post reads, “This lady you see here committed an abomination last night in Likomba, Tiko. Despite having a newborn baby of few months old in hand, she wanted to go clubbing with friends.

“The innocent child was the only thing standing in her way as she couldn’t take him to the club. So what did this girl do?

“She decided to give him tramadol so he can fall deep asleep. This way she can go party with her friends.

“She gave him the tramadol and locked the baby inside the house. She returned home this morning only to find out the baby died as a result of the hard drugs she gave him.

“Likomba inhabitants descended on her and got her well beaten. Forces of law and order intervened and as of now, the girl is in detention. The baby has been buried. May the soul of the innocent baby rest in peace.”


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