We,
the Association of concerned shareholders of Diamond Bank have confirmed from
the leadership of Access Bank that they did not sanction or approved the
ongoing discussion between Pascal Dozie, Uzoma Dozie and the Management of
Access Bank over a forced acquisition of Diamond Bank.This is a plot by the CBN
Governor, Emiefiele to use Access Bank as a conduit to acquire Diamond Bank.
His tenure is drawing much closer to an end and he is looking for viable
investment opportunity to retire with.
We
have heard many stories from different quarters including that of the Chairman
of the board and the Non-executive directors highlighting the accounts of what
transpired in the board meetings and have decided to fight this injustice and
greed with our last sweat and blood. We will not allow our hard investment to
be eroded without fighting.
PGD
and Uzoma’s greed is the only reason for allowing Access Bank take over and not
the interest of all stakeholders including the shareholders, Board and staff of
the Bank.
When
Actis withdrew from Diamond Bank: PGD took a credit facility from GT Bank in
his personal capacity (Not the BANK) to buy back the shares of Actis just for
his son to be CEO of the bank. He also failed to pay back the loan upon
maturity and restructured through Access Bank and now we are here, he want to
mortgage the life of thousands of people just because of selfish reasons. We
will resist all attempts for this deal to sail through.
We
have also gathered from a reliable source that Emefiele has promised Uzoma
Dozie and his Father a sum of One billion Naira and Seven hundred and fifty
million Naira (N1bn & N750m) respectively for facilitating this deal
including allocation of shares in the new Bank. This is after the Son has run
down the Bank with his blatant incompetence and lack of strategy.
Shares
of the Bank was about N7 (seven naira) when the previous GMD left but has
falling to about 60 -70 kobo today. We have not collected a dime in the last 4
years as dividend and now Pascal Dozie and his brat son are planning to sell
the Bank for their own selfishness. This is so sad and we will not allow it to
happen.
In
a bid to strangle all opposition in the board, they are tactically using the
young company secretary Uzo Uja to perpetrate unprofessional conduct by
altering the board minutes of meetings in order to suppress information. We
have consulted our Legal team and will soon charge the company secretary to
court. Her conduct is capable of defacing the image of the legal profession
that we believed as the last resort to serve and deliver justice.
We
shall approach SEC on this: We have gathered enough signatures for vote and
will make our representation to Securities and Exchange Commission (SEC) and
Nigerian Stock Exchange (NSE) in the coming days. We cannot allow this Kangaroo
take over to take place.
While
we watch from the sideline the activities of Emefiele and his cohorts, we are
making formal presentation to the Ohaneze Ndi Igbo Union to call Mr Pascal
Dozie (PGD) to order, his action on this matter is selfish and against the
ideals of the union to always fight for the interest of the Ibos. This is
another Ibo bank being sold unjustly.
We
wish to appreciate and commend the bravery of the Chairman of the Board, Mr
Seyi Bickerstheth and other directors who are standing in the interest of the
shareholders and the staff of the Bank, we are with you in this struggle and
will stand by you any day.
Assurances
of bank reform: We will also like to assure the staff of the Bank that Diamond
Bank is a very good brand and will not be allowed to sink. Talks are ongoing
with Calyle Group to raise more capital, new management will resume on the 3rd
January 2019 and we are confident that the share price will rise up to N5 in
the next one year. Please go about your normal business and be assured that we
are behind you.
We
are copying the Senate Committee on Ba
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