According to the release, Alhaji Ibrahim Aliyu, Chairman of the Norrenberger Group, said the company will use the purchase to create new prospects for development.
He said that the Central Bank of Nigeria (CBN) authorized the purchase of the bank’s 60% controlling interest.
“Urban Development Bank of Nigeria Plc, formerly known as TIB, was created in 1992 by Decree 51 as Urban Development Bank Ltd.” Its mission is to promote the quick national infrastructure development.
