Unity Bank to seal deal on capital raise

Unity Bank Plc has said it is currently on the verge of finalising a memorandum of understanding (MoU) that will lead to capital injection into the bank to boost expansion and market competition. The Managing Director/CEO, Mrs. Tomi Somefun, who said this yesterday, during an interaction with journalists in Lagos, however did not give details about the partners involved in the deal. She said: “All I can assure you is that this time around, it is very clear. It is not Milost. All I can say is that one of the parties is the second largest infrastructure finance institution in Asia. “Even though we have closed the process, some of the parties we had engaged before are saying they want to invest, because now we look good. Two years ago, we were the one chasing them. But we have told them to wait until we close this deal and any other party that wants to join, we can talk under different arrangement. Read More: