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

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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…

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