[1] It was established by French investors in 1959 under the name Banque Internationale pour l'Afrique Occidentale (BAIO).
Afribank's core business was in commercial and retail investment banking.
[3] Afribank also invested in companies in the financial and real sectors of the Nigerian economy.
were acquired by Mainstreet Bank Limited, a bridge institution, specially created for that purpose on the same day.
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