'Access Bank, in a notice signed by its Company Secretary, Mr. Sunday Ekwochi, announcing its forthcoming extraordinary general meeting, disclosed that the amount was proceeds from its 2007 public offer'.
CAN U IMAGINE?DURING THE 2007 PUBLIC OFFER,THEY TOLD US THE PROCEEDS FROM THE OFFER WILL BE USED TO UPGRADE IT,IMPROVE WORKING CAPITAL AND THE REMAINING WILL BE INVESTED TO INCREASE THEIR BRANCHES WITHIN A STIPULATED TIME.AT THE END OF THE DAY,THE MGT OF ACCESS BANK FAILED TO UTILIZE THE OFFER PROCEEDS AS PLANNED.IT IS A FAILURE ON THEIR PART.ITS JUST NOW (2011) THEY WANT TO USE SOME OF THE FUNDS TO ACQUIRE 75% IN ANOTHER BANK.THIS SHOWS THAT DURING THE PUBLIC OFFER,MOST OF THIS BANKS JUST STORMED THE STOCK MARKET TO RAISE FUNDS WITHOUT ANY PLAN OF HOW THEY WANT TO USE THE FUNDS.THIS BANKS DIRECTORS LACK STRATEGIC FOCUS INDEED.

she is ok,

with a reason always