Head Office
3rd Floor, Murjanatu House,
1, Zambezi Crescent
Off Aguiyi Ironsi Street
Maitama – Abuja.
Tel: 09-2780300
Lagos Office:
8th Floor, Mulliner Tower
39, Alfred Rewane
(Old Kingsway Road)
Ikoyi, Lagos,
Tel: (01-2773100-299
Asset Management Corporation of Nigeria
Selection of Legal Adviser(s) for the Divestment of AMCON’s Shareholding in Enterprise Bank Limited
Request for Proposal (“RFP”)
In August 2011, the Asset Management Corporation of Nigeria (“AMCON” or “the Corporation”) was invited by the Nigerian Deposit Insurance Corporation to capitalize three Bridge Banks it had created, namely Mainstreet Bank Limited, Keystone Bank Limited and Enterprise Bank Limited (or collectively “the AMCON Banks”).
AMCON currently owns the entire equity capital of the AMCON Banks and has commenced the process leading to the divestment of its shareholding in the three banks, starting with Enterprise Bank – a commercial bank, headquartered in Lagos, Nigeria, with 6 subsidiaries and a network of 145 branches.
AMCON is in the process of seeking proposals from leading Law Firms, registered by the Securities and Exchange Commission (“SEC”) in Nigeria, for the provision of legal and transactional advisory services towards the divestment of its entire shareholding in Enterprise Bank.
Interested legal advisers must provide information indicating that they are qualified to perform this service. Each interested party should submit a Proposal detailing the following, as a basis for selection:
- Demonstrable Experience in similar transactions
- Recommended Transaction Approach
- Experience of key team members
- Indicative timetable
- Proposed fee structure
- Potential conflicts of interest
- Evidence of SEC registration
AMCON now invites Law Firms to respond to its Request for Proposals to act as Legal Adviser to AMCON on the divestment of its equity stake in Enterprise Bank. The RFP will be available on, and can only be downloaded from, AMCON’s website (http://www.amcon.com.ng/rfp-enterprise.aspx) from 12:00pm (Nigerian Time) on Monday, May 27, 2013.
Selection of advisers will be according to the procedures and criteria outlined in the RFP. Proposals from Financial Advisers are to be received on or before 5:00pm (Nigerian Time) on Friday, June 7, 2013. Only selected advisers shall be notified of the outcome of the selection process
Mustafa Chike-Obi
Managing Director
Asset Management Corporation of Nigeria
To Download the Request for Proposal, Visit AMCON’S
Website: (http://www.amcon.com.ng/rfp-enterprise.aspx)
Board of Directors: Aliyu Kola Belgore, OFR (Chairman), Mustafa Chike-Obi (Managing Director)
Executive Directors: Mofoluke B. Dosumu, Hewett A.O. Benson, Abbas M. Jega.
Non-Executive Directors: Aruma Oteh, Danladi I. Kifasi, Kingsley Moghalu, Eniye Ambakaderemur; Umar Ibrahim
