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Over N77 billion loans, bad governance kill agric bank

Agricultural sector • Bank MD admits failure of ABP loans, as recapitalisation fails • BPE affirms BoA unviable, difficult to recapitalise Strong indications have emerged that the Bank of Agriculture (BoA) has technically become unsustainable and riddled with bad debt to the tune of N77.1 billion. This is amid failed restructuring and recapitalisation plans that had been proposed since…