The Board of Diamond Bank Plc has denied media speculations relating to comments attributed to its former Chairman, Mr Oluseyi Bickersteth on new investment offers in the bank.
The bank in a recent statement said, “Contrary to such media articles, the Board wish to clarify that the Company has not received an offer from an investor to inject cash. Further to the Company’s announcement of 26 October 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. “
According to the bank, further to the announcement of 24 October 2018, the 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.
It stated that its recent Third Quarter results published on October 26, 2018 show the business continues to execute its clearly articulated tech-led retail strategy despite headwinds in the Nigerian economy.


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