By PETER EGWUATU

The Managing Director/ CEO, Enterprise Bank Limited, Mallam Ahmed Kuru, has affirmed that the appointment of Citigroup and Vetiva Capital Management Limited by the Asset Management Corporation of Nigeria (AMCON) as financial advisers for the sale of the financial institution is certainly the last lap of the long journey that will guarantee better days ahead for all stakeholders of the bank.

Commenting on the development of appointing financial and legal advisers for the sale by AMCON, Kuru stated that “In line with the plan of AMCON, this is obviously the last lap of the entire process that started on August 5, 2013 when we came on board. However, what is important for me is that the bank will at the end of the process run like every other strong and healthy bank not owned by the government or AMCON and without any encumbrances whatsoever. For me, it is on this solid foundation that a financial institution needs to soar.”

Speaking further, Kuru, who said he was happy leaving behind, a better Enterprise Bank and a happier workforce, also added he was convinced that customers will have the best deal at the conclusion of the process. Said he:”I am convinced our customers expect the best deal at the end of the day. So their expectation should be high.”

The Enterprise Bank boss also said he does not think the last lap of the process would experience any hitch. According to him, “As I have said on many occasions before now, the appointment of the advisers are part of the overall plan of AMCON. We are not being distracted by it. Rather, everything is being done to make the process go smoothly.”

Further elaborating on the role of staff of Enterprise Bank at this important period in the history of the financial institution, Kuru again said, “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.”

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”.

 

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