After a terrible run that has given management headaches, particularly
front man Uzoma Dozie, Diamond Bank just secured a slight respite.
‘’it shares made a slight gain after a four day down plunge’’
societynowng.com learn't.
The spiral which has put the management on edge was sparked
off by what sources tagged ‘’ capital concerns’’.
This is against background of words on the street that the
fate that befell Skye Bank is about to be visited on Diamond bank.
Skye bank just experienced a change in management over
discovery of insiders abuse largely committed by the immediate past Chairman
Tunde Ayeni and some Directors.
Sources claim information making the round has it that the
attention of stick wielder Central Bank of Nigeria was on Diamond Bank.
The talks has sparked off confidence crisis amongst it’s
publics and translated into a plunge of it’s shares for four days running.
The development has reportedly sent jitters down the spine
of managing director Uzoma Dozie whose tenure has been decorated with all
manners of talks about how he emerged since he assumed office.
He is the son of a major stakeholder in the financial
institution.
He took over from celebrity banker Alex Otti, who left his
position to vie for the governorship position of Abia state.
But since he assumed office, unlike his predecessor Uzoma
has had to contend with this and that talks about how good he is compared to
the man he took over from.
‘’so he is in a permanent state of having to prove himself’’
a source stated.
Societynowng.com learnt he became agitated with the plunging
shares in face of the skye back episode.
There are talks the bank he oversees is contending with high
number of loans dragging its performance.
Recent development has however given the young bank boss a
breathing space – a slight earning in trade of the bank’s share and release of rating
by Fitch, one of the big three credit rating agencies world.
Fitch affirmed the IDRs of eight Nigerian banks, including
Diamond Bank and affirmed the Viability Ratings (VR) of all the banks.
According to a source ‘’it couldn’t have come at a better
time’’
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