See the funniest reactions to Access bank’s acquisition of Diamond Bank

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

 

 

 

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