Tuesday, December 18, 2018
Diamond Bank confirms merger with Access Bank
The board of Diamond Bank Plc on Monday finally announced its merger with Access Bank Plc expected to be completed in first half of 2019. Both banks recently denied media reports of any merger. Mr Uzoma Dozie, the bank’s Chief Executive Officer, said in Lagos the board had selected Access Bank as the preferred bidder with respect to a potential merger of both banks. Dozie said the potential merger of the two banks would create Nigeria and Africa’s largest retail bank by customers.
Presidency bans Hope Uzodinma, David Mark, Bankole, 36 others from traveling abroad
The federal government has submitted 39 names of alleged treasury looters to the Nigerian Immigration Service to prevent them from escaping investigation and prosecution for alleged criminal acts. Chairman of the panel, Chief Okoi Obono-Obla disclosed this in a statement on Monday, and added that the action was in accordance with the provisions of the Executive Order No 6 of 2018.