Diamond Bank Appoints Dele Babade As Acting Chairman

Diamond Bank has appointed Dele Babade to serve as its acting
chairman.

In a notice sent to the Nigerian Stock Exchange, the bank said
Babade will replace Oluseyi Bickersteth, its erstwhile chairman who
resigned in October.

“We write to formally notify the Exchange that following the
resignation of Oluseyi Bickersteth as Director/ Chairman of the
Board, the Board of Directors of Diamond Bank Plc, has appointed Mr
Dele Babade as acting Chairman effective December 24, 2018,” the
notice read.

According to the notice signed by Uzoma Uja, the bank’s company
secretary, Babade was nominated as a non-executive director in
April 2017.

He was appointed by First Carlyle Growth V, an investor in the
bank.

The University of London trained lawyer started his career with
Midland Montagu London (the predecessor of HSBC Investment Bank) on
the Graduate Training Programme in 1988.

He served as Citibank’s director & regional head Sub-Sahara
Africa Corporate Finance & Investment Banking based in South Africa
from 2002 to 2006 after joining the bank in 1993.

He currently serves as Chairman of the Africa Risk Capacity Pan
African Insurance Company (ARC Ltd) and is also the Chairman of its
Finance and Investment Committee. ARC Ltd is a financial affiliate
of the African Risk Capacity, a specialized agency of the African
Union (AU), an initiative designed to improve current responses to
climate-related food security emergencies.

Diamond Bank recently signed an acquisition deal with Access
Bank and the deal is expected to be completed by the first quarter
of 2019.

Related

Military Confirms Attack on Baga MNJTF Hq, losses Naval
Personnel

Please recall that yesterday, Wednesday 26th December 2018
suspected Boko Haram terrorists attacked the headquarters of 7
Brigade Multinational Joint Task Force (MNJTF),  Baga, Borno
State, at about 7.00pm.

The troops along with their Nigerian Navy counterparts put up a
very determined fight to repel the attack throughout the night,
while Sector 3 Operation LAFIYA DOLE  sent in reinforcement
who are in hot pursuit of the terrorists.

Similarly,  a Search and Rescue team has been
constituted.

The Nigerian Air Force component has also been mobilised and are
engaging the fleeing terrorists. Unfortunately, a naval personnel
was killed in action. So far, no  further details of
casualties yet as efforts are on going to clear the terrorists
hiding in Baga and environs.

We enjoin all to remain calm as the troops conduct clearance and
mop up operations. We implore members of the general public to
disregard any contrary information circulating on the attack. We
will keep you posted with development on the pursuit and mop up
operations.

Thank you for your kind cooperation.

SANI KUKASHEKA USMAN

Brigadier General

Director Army Public Relations

27th December 2018