The Asset Management Corporation of Nigeria announced on Thursday that Heritage Banking Company Investment Services Limited had completed payment for the acquisition of Enterprise Bank.
The HISL is a special purpose vehicle sponsored by Heritage Bank to bid for Enterprise Bank.
AMCON had last month announced HISL as the preferred bidder for Enterprise Bank, giving HISL up to Wednesday, October 15, 2014 to pay the 80 per cent balance of the bid price.
Controversy had trailed the payment of the money on Wednesday with Heritage insisting that it had credited the account of AMCON with First Bank, while the corporation said it had not being alerted to the transaction.
However, the Head of Corporate Communications, AMCON, Mr. Kayode Lambo, said in a statement on Wednesday, “We hereby confirm that HBCL Investment Services Limited has paid the required balance for the purchase of Enterprise Bank.