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New Investors: Diamond Bank Rubbishes Ex-Chairman’s Claim

By Dipo Olowookere

The management of Diamond Bank Plc has maintained that there are discussions with new investors as claimed by its erstwhile Chairman, Mr Oluseyi Bickersteth, in a recent interview.

In a statement, the lender urged members of the public, shareholders and existing investors to disregard the claims by Mr Bickersteth.

The former Chairman and three other directors on the board of Diamond Bank resigned from office some days ago allegedly to allow fresh investors have their own representatives in the company’s highest decision making body.

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In the statement released today by the bank, the firm emphasised that it “has not received an offer from an investor to inject cash.

“Further to the company’s announcement of October 26, 2018, Diamond Bank and its Board of Directors continue to review all strategic options on a regular basis.

“Diamond Bank would also like to clarify it enjoys the support of its major shareholders, including The Carlyle Group and Kunoch Holdings who are, as ever, working in cooperation with the board and management as appropriate to ensure the successful operation of its business in Africa’s most dynamic banking market.

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“Further to the announcement of October 24, 2018, Diamond Bank is in active discussions with regards to the appointment of new non-executive directors to the board and, subject to CBN approval, these will be announced in due course.”

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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