Chris Agabi
22 December 2011
Lagos — Strong efforts are underway to re-launch the Savannah Bank brand into the competitive banking market in Nigeria, a statement from the bank said.
The bank has been holding strategic management meetings with its investors and financial advisers.
Top management of the bank recently held a three-day strategy session facilitated by the bank’s financial advisers.
Leading the strategy session, Mr. Steve Burke of PWC South Africa and Mr. Ken Igbokwe of Nigeria office, were confident that Savannah Bank’s re-entry, given all the efforts and available information, will excel in the core service area being planned.
As part of Central Bank of Nigeria’s commitment to ensuring that Savannah Bank returns to operations soon, a special tripartite joint task force comprising Central Bank of Nigeria, Nigeria Deposit Insurance Corporation and Savannah Bank has been constituted with the mandate to harmonize the bank’s records as a prelude to galvanizing the roadmap for the re-entry in 2012.
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