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Court Sanctions Access Bank, Diamond Bank Merger - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessCourt Sanctions Access Bank, Diamond Bank Merger (19176 Views)

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Re: Court Sanctions Access Bank, Diamond Bank Merger by DayDreamer05(m): 9:49am On Mar 21, 2019
Nah their headache
Re: Court Sanctions Access Bank, Diamond Bank Merger by nwanyionitsha: 9:49am On Mar 21, 2019
hisexcellency34:
It's more of acquisition than merger. Access Bank shares is a hot cake now. Will trade at N12 by next week
Will they change the name?
I use diamond bank. I love their mobile app. I also like their diamond bank esusu but had to stop when they started having all these issues.
Never got used to access bank mobile app.
Re: Court Sanctions Access Bank, Diamond Bank Merger by Nobody: 9:49am On Mar 21, 2019
Onyinye15:
Diamond Bank further announces that the Directors hereby seize to be Directors of the dissolved Diamond Bank Plc effective March 19, 2019.


Guys its my birthday! kiss
so whathuh
Re: Court Sanctions Access Bank, Diamond Bank Merger by beclosetome: 9:50am On Mar 21, 2019
hisexcellency34:
Come and see panic at Diamondbank offices now
Please the caption is very wrong, is not sanction but Approved the merger. disregard the caption, the publisher has amended it.

i think the merger is a good one. sound bank, sound management.
Re: Court Sanctions Access Bank, Diamond Bank Merger by nwanyionitsha: 9:51am On Mar 21, 2019
ainas247:
Why, someone should educate me why the sanction?

I will do keyword research and rank your business on Google
check my profile
Sanction here i think means permit, allow, accept....
Re: Court Sanctions Access Bank, Diamond Bank Merger by nwanyionitsha: 9:52am On Mar 21, 2019
Budex40:
Diacmond Bank or Accmond Bank.

Let the Name merger begin........ wink
DiamondAccess Bank.
Re: Court Sanctions Access Bank, Diamond Bank Merger by lonelydora: 9:53am On Mar 21, 2019
theoldpretender:
Good...am thinking of opening an akant with Access.
Don't try it, you won't enjoy it
Re: Court Sanctions Access Bank, Diamond Bank Merger by Onyinye15(f): 9:53am On Mar 21, 2019
Joromi12:
so whathuh
Pour some liquor grin
Re: Court Sanctions Access Bank, Diamond Bank Merger by nwanyionitsha: 9:53am On Mar 21, 2019
TwoBottles:
Diamond Bank messed up big time. From one of the best to nothing.
Uzoma ran the place down .
Re: Court Sanctions Access Bank, Diamond Bank Merger by ainas247: 9:54am On Mar 21, 2019
nwanyionitsha:
Sanction here i think means permit, allow, accept....
okay thanks fam
Re: Court Sanctions Access Bank, Diamond Bank Merger by nwanyionitsha: 9:56am On Mar 21, 2019
omoadeleye:
I don't know why they always say merger, when the other bank is taking over the other bank, is that not an acquisition? And if is not an acquisition how come the managers of the existing bank will seized to be managers after the other bank takes over?
I learnt it is being made to look nice because of Mr Dozie, the owner of diamond. To preserve his legacy and to dignify him.
The son messed up.
Re: Court Sanctions Access Bank, Diamond Bank Merger by chloride6: 9:57am On Mar 21, 2019
hisexcellency34:
It's more of acquisition than merger. Access Bank shares is a hot cake now. Will trade at N12 by next week
Buy and hold for the long term at your risk
Re: Court Sanctions Access Bank, Diamond Bank Merger by Nobody: 9:58am On Mar 21, 2019
hisexcellency34:
Come and see panic at Diamondbank offices now
Because this news just broke? Respect yourself.
Re: Court Sanctions Access Bank, Diamond Bank Merger by nwanyionitsha: 9:59am On Mar 21, 2019
uchelouis45:
Access is not Igbo, well the current M.D is but the founder isn't.
Wigwe is Rivers i think while Imuokuede is Edo.
Re: Court Sanctions Access Bank, Diamond Bank Merger by TwoBottles: 9:59am On Mar 21, 2019
nwanyionitsha:
Uzoma ran the place down .
He is a disappointment, to be honest.
Re: Court Sanctions Access Bank, Diamond Bank Merger by sirusX(m): 10:00am On Mar 21, 2019
Imagine someone due for promotion in Diamond bank.....now everything reset to zero

Re: Court Sanctions Access Bank, Diamond Bank Merger by bhella10: 10:00am On Mar 21, 2019
nwanyionitsha:
I learnt it is being made to look nice because of Mr Dozie, the owner of diamond. To preserve his legacy and to dignify him.
The son messed up.
Prodigal son Uzoma. Omo ale jatijati
Re: Court Sanctions Access Bank, Diamond Bank Merger by alexvatt(m): 10:03am On Mar 21, 2019
eben1marketer:
Chai...diamond bank! What will happen to our accounts with dbank now?
Nothing will happen to ur account with Diamond bank. Now u are Access bank customer.
Re: Court Sanctions Access Bank, Diamond Bank Merger by Topmaike007(m): 10:04am On Mar 21, 2019
uchelouis45:
Access is not Igbo, well the current M.D is but the founder isn't.
you've spoilt my mood oo,maybe I will change bank then
Re: Court Sanctions Access Bank, Diamond Bank Merger by rummmy: 10:04am On Mar 21, 2019
hisexcellency34:
It's more of acquisition than merger. Access Bank shares is a hot cake now. Will trade at N12 by next week
will you buy mine what of 62k
Re: Court Sanctions Access Bank, Diamond Bank Merger by iMed: 10:05am On Mar 21, 2019
beclosetome:
Please the caption is very wrong, is not sanction but Approved the merger. disregard the caption, the publisher has amended it.

i think the merger is a good one. sound bank, sound management.
Boss calm down, Sanction means Approval by a court of law.
Re: Court Sanctions Access Bank, Diamond Bank Merger by alexvatt(m): 10:06am On Mar 21, 2019
unite4real:
so whats the new name
Access bank. But Dimond bank color
Re: Court Sanctions Access Bank, Diamond Bank Merger by Kylekent59: 10:19am On Mar 21, 2019
I had withdrawn all my money there sef.

I now operate with access, uba, fidelity and zenith bank.

I once had an acc with first bank but it was closed down.
Re: Court Sanctions Access Bank, Diamond Bank Merger by alexvatt(m): 10:19am On Mar 21, 2019
nwanyionitsha:
Will they change the name?
I use diamond bank. I love their mobile app. I also like their diamond bank esusu but had to stop when they started having all these issues.
Never got used to access bank mobile app.
No, It will be Access bank.
Re: Court Sanctions Access Bank, Diamond Bank Merger by boneruns(m): 10:30am On Mar 21, 2019
nwanyionitsha:
Uzoma ran the place down .
Saying he ran it down is an understatement.
Re: Court Sanctions Access Bank, Diamond Bank Merger by HopeAtHand: 10:48am On Mar 21, 2019
uchelouis45:
Access is not Igbo, well the current M.D is but the founder isn't.
Was founded by Aigboje Aig-Imokhuede(or so) and Herbert Wigwe. They both own it. I don't know the percentages of ownership but Aig was the former MD/CEO and then handed over to Herbert Wigwe back in 2014 thereabout. i Googled it up cheesy
Re: Court Sanctions Access Bank, Diamond Bank Merger by Shhhh01(f): 10:52am On Mar 21, 2019
theoldpretender:
Good...am thinking of opening an akant with Access.
Akant. Weh done
Re: Court Sanctions Access Bank, Diamond Bank Merger by wink2015(m): 10:53am On Mar 21, 2019
fabinfos:
Diamond Bank Plc. (“Diamond Bank”) announces that the Federal High Court of Nigeria has on March 19, 2019 sanctioned the Scheme of Merger pursuant to which Access Bank Plc will acquire the entire issued share capital of Diamond Bank through a cash and share exchange (the “Merger”).

All conditions to the Merger, including the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) regulatory approvals have been satisfied and the Scheme is now effective.

The Scheme record time was 6.00 p.m. (Nigerian time) on 19 March 2019, and no transfers of Diamond Bank shares is expected after this time.

Trading in the shares of Diamond Bank has been suspended on The Nigerian Stock Exchange effective March 20, 2019.

Diamond Bank further announces that the Directors hereby seize to be Directors of the dissolved Diamond Bank Plc effective March 19, 2019.

The Merger is expected to be completed on 1 April 2019. Full details of the Merger, including the terms and conditions of the Scheme and the Merger, are set out in the Scheme Document dated 24 January 2019.

Source: https://lailasnews.com/court-sanctions-access-bank-diamond-bank-merger/
THAT OBOBO MAN CALLING HIMSELF, PASCAL DOZIE AND HIS CHILDREN MESS THE SHI.T OUT OF DIAMOND BANK.

Never bring your kids to your business.

That could possibly result in your business demise as we have seen in Diamond Bank as depicted by the DOZIE!
Re: Court Sanctions Access Bank, Diamond Bank Merger by Shhhh01(f): 10:55am On Mar 21, 2019
HopeAtHand:
I am reading Merger, I am comprehending Acquisition. Is my brain OK? cheesy
No Sir
Re: Court Sanctions Access Bank, Diamond Bank Merger by Shhhh01(f): 10:55am On Mar 21, 2019
hisexcellency34:
Come and see panic at Diamondbank offices now
How u take know? U dey there?
1 2 3 Reply

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