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N25.3b debt: Keystone Bank takes Over Bacita Sugar, appoints Receiver

Keystone Bank has taken over Bacita Sugar Company, also known as Josepdam Sugar Company, over its failure to settle a N25,358,203,258.09 debt. Taken over on Tuesday (today), Keystone Bank appointed Yunus Abdulsalam (SAN) as Receiver/Manager of the firm with immediate effect. This development followed an order of the Federal High …

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