Acquisition Type: Full Sale (License, Assets, and Liabilities)
Location: Lagos Mainland
Tier: 1 Unit
Price: NGN1 Billion
Facility for Sale: Fully Operational Bank (including staff, systems, and goodwill)
License Status: Approved by CBN
Capitalization: Fully Capitalized
License Type: Existing & Active
Platform Status: Fully integrated on NIBBS and Fintech networks
Documentation:
Comprehensive documentation available for review upon signing of LOI, NDA, and commitment
letter.
Agency Fee:
10% facilitator/consultant fee payable by buyer (net).
Due Diligence:
Full due diligence and verification process supported by the bank’s management team.
Highlights:
1. Well-established brand with strong market goodwill.
2. Fully connected to NIBBS and multiple Fintech platforms.
3. Active and growing customer base with scalable potential.
4. Experienced and well-trained staff, including a certified MCIB Executive Director.
5. Runs on BankOne core banking software with IT systems in place.
6. ATM machine ready for activation; card issuance process initiated.
7. Fully functional website and mobile app, connected to all major banks.
8. Secure, well-situated premises with multiple branch options.
9. Plug-and-play operation — investor can continue operations seamlessly.
10. Operational with compliance and reporting structures in place.