Planned sale: Enterprise Bank MD assures stakeholders of happy times ahead

Following the appointment of Citigroup and Vetiva Capital Management Limited as advisers for the sale of Enterprise Bank Limited in the coming months, by the Asset Management Corporation of Nigeria (AMCON), the bank’s management has assured that stakeholders are in for better times ahead.

The bank’s Managing Director/Chief Executive, Mallam Ahmed Kuru, said yesterday that the appointment is the last step in the long journey, expressing happiness that his management team is leaving behind, a better bank and a happier workforce. Kuru also said he was convinced that customers will have the best deal at the conclusion of the process.

Commenting further on the development, he expressed confidence that the last lap of the process would experience be hitch free, because “everything is being done to make the process go smoothly.”

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A statement by Olusola Longe-Okenimkpe, spokesperson for the bank, quoted Kuru as stressing that “as members of staff of the bank on the other hand, we have had the responsibility of explaining to all our esteemed customers that the process is in the best interest of everybody. I say this because if there is any singular beneficiary of this process, it is the staff whose jobs have been secured because whoever is buying the bank is definitely going to be interested in the quality of staff that we have developed in the bank. What we have done as a management is to ensure job sustenance as well as welfare of all staff. So it is also important that the staff are not distracted by this process. Our attention rather has been to concentrate on running the business.”

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Asked whether the coming of financial and legal advisers at this period has interfered with the day to day running of the bank, the MD/CEO replied, “No it has not. It is a well planned and transparent process involving a team: AMCON, Citigroup, Vetiva and management of the bank. So there is nowhere the interference will come from just like in the three-month period when the due diligence of the bank was conducted.”

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