GhanaAntitrust/Competition Law
In 1891 George Neville, a representative of Elder Dempster & Co in Lagos, Nigeria, recognised that banking facilities were urgently required in West Africa, especially in Lagos. Neville and a colleague, Alfred Lewis Jones, believed that the best way forward was to get an existing bank to establish a branch in Lagos. Neville approached the African Banking Corporation, established in South Africa in 1891. Its board of directors in London agreed to extend their business operations to Lagos but made it known that their main interest was in South Africa.
Shortly thereafter a series of meetings were held between Elder Dempster and the African Banking Corporation to discuss the takeover of the Lagos branch by Elder Dempster. The Bank of British West Africa (BBWA) was registered as a limited liability company by the directors of Elder Dempster and began trading on March 31 1894, initially in England and in Lagos. Of the 3,000 shares issued, Alfred Jones took up 1,753 and his partners,
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