Cool

If you dig deep into that letter, you'll understand he's telling the employees that they should get ready to be absorbed by Access bank, or get sacked.

Semantics! Spare us this play on words and damage control; Access Bank just bought over Diamond Bank, period!

Rehearsed damage control.
The prodigal son
No more private jet for Uzuoma
What a pity

I have both access and diamond Bank accounts, what will happen to my money Biko,

eh , my bet account,

to think I opened a diamond account to run away from access bank excessive charges, kuku kee me , Nigeria,. just kee me

asuustrike1:

Can a leopard change it's skin?

No!

it’s obvious why there is a take over.

Access bought Intercontinental, now diamond bank.
A bank that achieved this should be feared and respected at the same time. Next we go hear sey them buy GTB.

He is making an acquisition of his own bank by another, look like a great accomplishment.

Ok

chyzoo4u:
If you dig deep into that letter, you'll understand he's telling the employees that they should get ready to be absorbed by Access bank, or get sacked.

Bro if you buy a failed business, will you retain the employees? I feel bad for staff of diamond bank right now they are now categorized as toxic assets

hisexcellency34:
Flat head Uzoma.He frittered all the monies on oloshos and runs girl

Go back and study what mergers actually means! You think Access Bank would want to merge with Diamond if the later was distressed? This merger could possibly birth the largest commercial bank in Nigeria!

Any excuse to go tribal....that's all you're looking for innit?

I hope my December salary no go hand sha. Diamond bank na December we dey abeg o

Guide777:

No!

With the merger access bank is in charge hence be ready for numerous charges as alleged by many on this forum

henryobinna:
I still don't understand,
Will my account now be an access bank account? And hope the services rendered by Diamond will remain the same and better improve.

no, you've lost your money as you do not gave account at access bank but diamond bank. Na my head catch you, sorry o

PapaNnamdi:
I have both access and diamond Bank accounts, what will happen to my money Biko,

eh , my bet account,

to think I opened a diamond account to run away from access bank excessive charges, kuku kee me , Nigeria,. just kee me

After working for both banks, all I can say is I feel for staff of diamond bank, loads of them are going to join the Labour market after the merger. Access Bank will never lay off their staff just as they did to intercontinental bank...but will codedly layoff that of diamond bank....

Finally we would have *Access* to the *Diamond*

what would be the name of the combined bank?

He is calling a pure acquisition a merger.

The note to the NSE says diamond bank shareholders would be paid a mix of cash and Access bank shares. There would be no Diamond bank again. In any case, the acquisition would be seamless seeing as both banks have a lot in common.

It is well with Diamond Bank!

I pray the merger turn out beautiful for both banks and their staff, depositors, stakeholders, shareholders, associates, Clients, etc

First lemme just assume it's a "Merger" just like he said and not an acquisition.

Secondly if 2019 Diamond Bank's name has changed to "Access Bank" then for Access Bank it's an Acquisition and not a Merger.

The Controlling rights and new Board appointments next year will reveal to us all what really happened.

Finally I am glad it's not a bankruptcy. Because by a mergers, business will continue.

Big grammar can never translate to efficiency.
Useless manager.

Bazinga:
For those wondering what is truly going on between diamond Bank and Access bank, here is a more detailed explanation of the whole story from the CEO

GOOD RIDDANCE TO BAD RUBBISH

Xander85:


Go back and study what mergers actually means! You think Access Bank would want to merge with Diamond if the later was distressed? This merger could possibly birth the largest commercial bank in Nigeria!

Any excuse to go tribal....that's all you're looking for innit?

Bros cool down and follow the trajectory of Diamond. First you close your UK operations. The narrative was cost-cutting. Next, you sold your West African operations. The narrative was focus. With nothing left to sell you sold your birthright. And the narrative? Merger.

Well, just in case you insist on it being a merger, I agree with you. After all we both agree 'apple' is a kind of computer.

einsteine:
what would be the name of the combined bank?

He is calling a pure acquisition a merger.

The note to the NSE says diamond bank shareholders would be paid a mix of cash and Access bank shares. There would be no Diamond bank again. In any case, the acquisition would be seamless seeing as both banks have a lot in common.

My dear don't ve deceived by his words..it's an acquisition and not a merger...

He is just trying to save face

See what drugs and olosho has caused.

Moral of the story.....Nepotism and business are a bad combination.Good bye Diamond bank.

chyzoo4u:
If you dig deep into that letter, you'll understand he's telling the employees that they should get ready to be absorbed by Access bank, or get sacked.

your signature is my favourite track.

Just dis year Igbos were bragging about this bank and this man. They were saying its is the best bank in Africa. And it is evidence that Igbos are the best race in the world. So, I only have one question: Wa-happen?

my own be say my money no dey lost

asuustrike1:

With the merger access bank is in charge hence be ready for numerous charges as alleged by many on this forum

Access has been my bank and i have not noticed the so called charges.