₦airaland Forum

We know and that is why people want Buhari out.

APC has a hand in his death.

No former Military General, Vice Admiral, Air Marshal go unprotected.

Where are the boys assigned to protect.?

APC and bloodletting.

Sirjamo:
ACP Aba Kyari will find the killers, something tells me the Wadata Mafias are behind this

Who are the Wadata Mafias.?

This boyscout like to show their strength on unarmed group.

APC
APC
APC

You guys have done it again.

This news is fake.
Miyetti Allah defended Malian herdsmen last week.
Where is the flag they claim they caught.?

PROPHETmichael:
That's a very good observation, something Is definitely wrong somewhere. Personally, I didn't used to buy into this Jubril thing until I had a dream and I saw in that particular dream that indeed, that man is not Buhari.

What else did you see in that dream concerning Nigeria and Biafra.?

Pray that Afonjas do not betray Atiku/Obi.

IPOB should:

1) reduce the talk.

2) increase international military support through Israeli support.

3) engage and expel the boyscout from Biafran land.


Nigerian Government understands and respect only one language and that language is FORCE.

IAmApostle1 , find out what Ngige told them that made them walk out of the meeting.

baliyubla:
We know the trick, just threaten them as you did NLC. But be certain the academicians would not yield like the Chicken hearted NLC, until all their demands are met.

What did he tell NLC executives.?

Till now, no journalist has obtain any info on the real reason why they walked out of the meeting.

Boss13:
I don’t think you need to be concern about this. For now things will remain the same whilst a merger committee would be form to implement the merger. I believe within a few months, but this is dependent on how quickly the management team of Access Bank want to conclude the Merger. For now Diamond Bank will operate independently and as a subsidiary of Access Bank. The merger committee will integrate processes (system and people) together and bottlenecks would be addressed along the way.

I am confident that the merger will be successful. Access Bank has the pre-requisite experience and have done it before. Also I believe the core banking software for both banks are the same - Flexcube. So the system integration may only experience little issues. Notwithstanding, customers for both banks do not need to experience much concern in terms of their money. The only concern should be customer banking experience due to different cultures and I think this can be resolved too.

The happy folks in this should be the shareholders of Access Bank - this is potentially a huge buy and an advantage for them to increase their wealth. Other stakeholders should be employees of access bank who would gain better recognition in delivery the acquisition as well as promotion to handle bigger portfolios.

The shareholders of Diamond Bank stand no Choice but to accept the merger offer. Shares in Access bank and cash offer too. Not too bad ehn

DKM123 he finally gave me a reply.

Gboom:
I remember a guy that crossed from Access bank to Diamond bank some years back, I wonder what will be his fate now

That is why it is good to pray in order to know if you are to leap or not.

This is the final proof that Buhari is dead and anyone in doubt is nothing but an illiterate Afonja.

Ajet001:
They're likely to call it off today

How do you know.?

gbosaa:
These people are idiots. Why do they always smear their faces with white and coloured inks? Are they not aware that bad sighted soldier with poor shooting skills can see and maul them down from 400m?

This is why soldiers laugh at them. Buggers, imagine some idiot wearing camouflage uniform but with a face full of flashy cosmetics instead painting his face in corresponding and blending colours.

Ndi ara. That anumanu in an attempt to look scary and intimidating, he look like someone that has just been to an ‘ikupute nwa’ baby shower/christening.

That white substance could be Juju

Boss13:
For those saying why use the word Merger rather than Acquisition, you are right. It’s a brutal acquisition. However, to calm tensions, I believe Merger was used to avert tension. In fact, the word Business Combination should have been used.

The rumor of the acquisition having be on for a while and both Banks issued a press release denying it. I think Access Bank acquired the shares of the Dozies’ Who are the major shareholders in the company. This was done as a result of the Dozies’ inability to repay back a loan taken to buy out a major foreign investor - ACTIS. Rumor had it that the buyout scheme was financed by GTbank and Pascal Dozie’s MTN shares was the collateral. How Access Bank got into the picture is the vague part, but Access Bank bought the debt from GTbank after there were signs that the loan won’t be repaid.

As a result of the economic downturn and Naira devaluation, the value of the MTN shares were not sufficient enough to cover the loan and there was a Margin Call. Access Bank negotiated for shares in Diamond Bank (the stock held by Pascal Dozie). Hence, it is typical that since the major shareholder of the Bank has relinquish his shares to another Entity, there should be a restructuring. Hence, the brokering between CBN, Access Bank and Diamond Bank to ratify the deal. The deal was ratified on the basis of the Business Combination experience of Access Bank management team, the in-house fighting in Diamond Bank which has resulted to the Chairman of the board as well as two other directors to resign, the poor management leadership of the CEO, Uzoma Dozie, the incessant of the Carlyle Group - another foreign investor in Diamond Bank, that Uzoma should leave and they too are pulling out their investment, due to poor share price of Diamond Bank.

Infact, rumor had it that the former CEO of Diamond Bank, Alex Otti, engineered to take over the Bank prior to his gubernatorial election in Abia State. He made a too good to turn down proposal, using an anonymous financial brokering team, to the initial foreign investor, ACTIS. However, Pascal Dozie had the first right of refusal to buy the shares of ACTIS in the event they intend to sell. The offer price from the Alex Otti team was a tough one and ACTIS will only accept such price from Pascal. Hence Pascal Dozie had to go borrow the money on tough terms to save his Bank. Rumor had it that the Alex Otti brokering team were very confident that they would secure the deal and were surprised to find out the Pascal Dozie found the money - however, this was the beginning of the death of Diamond Bank.

Uzoma Dozie was installed as CEO despite his naivety and unserious attitude. He was charged to rescue the Bank, but there was only one outcome - FAILURE. Uzoma was never ready to become CEO and he exemplified such actions by making strategic decisions that would only get the Bank into further trouble.

Anyways there is still more to the story and acquisition and my ears are on the ground. My concerns now is those who would be affected by the bad business decisions of their management. Staff would lose jobs and families may never recover. I think this would greatly affect Pascal Dozie in all ramifications.

What about those who have Diamond bank savings account. Will there be a need for them to update their bank details again with Access Bank.?

What happens to the Diamond mobile banking app used by Diamond Bank Customers. Will they be told to go and download Access Bank mobile banking app.?



Pls Enlighten Everyone.

Buhari's reelection will set Nigeria on fire.

Jubril will lose in the North.

Let's be honest about this issue.

The Governors are angry that none of them was picked and because if Atiku wins, he will most likely handover to Obi after 8years, the Governors consider it wise to work with Buhari against Atiku.


The unfortunate thing for the Governors is the fact that, if Igbos within and outside SE/SS vote for Atiku, their plan will definitely fail and the Governors will go into oblivion after 2019.


In The End, It Is The Igbo electorates and not elites that have the majority votes and definitely will cast their votes for Atiku