“Emefiele and others convinced the president to grant approval for the sale and they’re now moving to crush anyone standing in the way,” a source briefed People’s Gazette on the matter said.
“They don’t seem to care that they could do more than sell the bank for more than the roughly N40 billion offer they currently have from their secret talks.”
“We saw that the governor has deep interest in the sale and everyone fell in line.”
The transaction, if it goes through, would amount to a paltry three percent of up to N1.2 trillion taxpayers’ funds poured into the lending house since its 2018 nationalisation.
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