Diamond Bank Denies Conversion of Branch Office to Political Campaign Office Report

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Diamond Bank Plc has refuted an online media reports that its immediate past GMD, Dr. Alex Otti (OFR), has converted one of the bank’s properties located at Library Road, Umuahia, Abia State to his political campaign office.

The report also alleged that Dr. Otti “in cooperation with his stooges in the bank” has laid conduits through which he siphons depositors’ funds to finance his gubernatorial campaign in Abia State.

However, the bank in a statement said the “report was spurious, baseless and malicious.”

The statement reads in part: “As at the close of business on the date the report was posted on the blog, none of the Bank’s over 265 branches in the country or any of its properties in Abia State and the entire South East is under the control of its former GMD/CEO, Dr. Otti for his political campaign or is being used as a campaign office by any other politician.”

The bank reiterated its commitment to excellent service delivery.

It said: “Diamond Bank Plc is not oblivious of its strategic value in the financial services sub-sector in the countryand the burden of responsibility reposed on its management, and therefore, is focused on its core business of deposit mobilisation and credit creation; the Bank is focused on its set goals to meet shareholders expectations and create value for the millions of its customers across the six geopolitical zones; and is not involved in politics in anyway.”

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