Diamond Bank Gets Extra 30 Days to File 2016 Audited Accounts

By Modupe Gbadeyanka

The Nigerian Stock Exchange and the Securities and Exchange Commission (SEC) have granted Diamond Bank Plc a one-month grace period to file its 2016 audited financial statements.

Diamond Bank had failed to file its 2016 audited accounts by March 31, 2017, as required by the NSE.

The bank explained that it could not meet the deadline because it had been informed that “due to the stage of review of our accounts by the Central Bank of Nigeria (CBN), it is unlikely that this will be concluded in line for us to comply with the NSE and other regulatory rules guiding release of annual audited accounts.”

Due to this, the lender released a statement informing its “esteemed shareholders and other stakeholders that Diamond Bank Plc is unable to release its 2016 audited financial statements by March 31, 2017 as required of us by NSE rules.”

However, Diamond Bank said it was “optimistic that the accounts will be made available on or before April 30, 2017.”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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