N25.3bn Debt: Keystone Bank Takes Over Bacita Sugar Company

Leadership | 26-03-2025 05:53pm |

Keystone Bank has overtaken Bacita Sugar Company (Josepdam Sugar Company) over its failure to settle a N25,358,203,258.09 debt. The bank immediately appointed Mr Yunus Abdulsalam (SAN) as the firm’s Receiver/Manager. This development followed an order of the Federal High Court, Ilorin, which mandated the bank to recover its debt from KIA Africa Group of Africa, [...]

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