Diamond Bank Chairman, 3 Director Resign As Crisis Talks Hits Uzoma Dozie Led Financial Institution



This is a trying period for financial institution Diamond Bank societynow.ng learned.

The bank is currently contending with dark speculation as its chairman and three directors resigned in a swoop.

The bank announced the development in a notice sent to the Nigerian Stock Exchange Commission and signed by company secretary Uzoma Uja.

The statement provided ‘'official reasons'' for the resignation of Chairman of the board Oluseyi Blickerseth – who was appointed in July -  and the affected three directors.

The statement to the NSE sited ‘'for varied personal reasons'' as the cause of the multiple resignations.

The statement to the NSE signed by Uja reads

"We wish to notify the Nigerian Stock Exchange (NSE) and the public that the following Non-Executive Directors have resigned from the Board of Diamond Bank Plc with immediate effect:

Mr. Oluseyi Bickersteth

Mr. Rotimi Oyekanmi

Mrs. Juliet Anammah

Mrs. Aisha Oyebode

"The directors are resigning for varied personal reasons, which will include focusing on their priorities. Diamond Bank will update the market with any further development in due course."

 Societynow.ng investigation, however, revealed the fact that the development comes on the heels of talks of liquidity issue bedeviling the financial institution has resulted in dark speculations about the Diamond bank.

A national newspaper, Thisday had reported the bank is facing money problems.

The fresh talks are that the resignations are aimed at giving prospective investors a leeway to inject funds aimed at recapitalizing and arresting alleged ‘'liquidity challenges'' of the bank.

According to Thisdays' report on the ‘'liquidity challenges'' troubling Diamond Bank, the financial institution headed by Uzoma Dozie in November 2017 ‘' disposed of its entire shareholding in its West African banking operations and its assets in its United Kingdom operations'' as part of efforts keep itself going.


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