Many were thrown to a state of surprise, on Sunday, after news broke that Access Bank Plc had acquired Diamond Bank Plc.
Although an official announcement of the transaction is yet to be made, several reports claim it will happen during the week by the Central Bank of Nigeria, CBN.
The acquisition became necessary, according to sources, in order to further consolidate the banking industry.
Meanwhile, Diamond Bank in an announcement lasted week, made known its decision to drop its international operating licence to focus on national operations following capitalisation issues – According to Uzoma Dozie, Chief Executive Officer of the bank.
“With this approval, the bank will cease to operate as an international bank.
“The re-licensing as a national bank supports Diamond Bank’s objective of streamlining its operations to focus resources on the significant opportunities in the Nigerian retail banking market, and the economy as a whole. The move follows Diamond Bank’s decision to sell its international operations, which included the disposal of its West African Subsidiary in 2017 and Diamond Bank UK, the sale of which is currently in its final stages.”
Trust the ability of most Nigerians to make a light, a serious situation, as some had to taken to social media to joke a out the acquisition.
Here are some reactions
Finally after Access Bank had bought Diamond Bank when you initially thought Diamond Bank had name more than Access Bank & someone is still trying to tell you that Diamond is bigger than Access……….. pic.twitter.com/7QyHcktoZM
— Adebayo 🔴 (@Tzadebayo) December 17, 2018
Customers:😭😭
Access bank:Who beat you people?
Customers: Diamond Bank
Access Bank:Hold my Beer am coming
— BoSS BaBY🇳🇬 (@Iam_BossBABY2) December 16, 2018
This is how my guy who has been with Access Bank for long that used to brag to me that Access Bank is richer than Diamond Bank while I used to argue with him now walks around before my face after the headline that Access Bank now owns Diamond Bank……. pic.twitter.com/uLs0VqyNQp
— Adebayo 🔴 (@Tzadebayo) December 17, 2018
Access Bank has acquired Diamond Bank
Everyone that I sent my Access Bank Acct number and they told me I am using a dead bank should send me N50k each for disrespecting me or else we will buy GTB soon 🙄🙄🙄
— Enekem 💎 (@EnekemGreg) December 17, 2018
Girlfriend : Baby anything for Christmas?
Me: Since Access Bank bought Diamond Bank
*my money don hang* pic.twitter.com/pkzz2soB69
— Royal-Tee (@ObajemuJnr) December 17, 2018
Access Bank has been underrated all this while…
If you remembered vividly, it was Access Bank that acquired the then almighty Intercontinental Bank.
Now,they acquired solid looking Diamond Bank.
Access Bank is like that low key guy that dates the biggest girls on campus
— Tosin Olugbenga (@TosinOlugbenga) December 17, 2018
Diamond bank swallowed my Access bank ATM card last Friday.
I reported them to my bank and in 48hours Access bank swallowed Diamond bank 😂😂😂
— Whizkrane™ (@whizkrane) December 17, 2018