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Diamond Bank In Fresh Crisis

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Diamond Bank Plc. is in fresh trouble. The Uzoma Dozie led financial institution ran into crisis for refusing to obey the directive of President Muhammadu Buhari issued September last year that all banks must transfer to Treasury Single Account with Central Bank of Nigeria (CBN) monies belonging to Nigerian National Petroleum Corporation (NNPC).

However, Diamond Bank bluntly refused to transfer the sum of 287 million dollars belonging to the NNPC to CBN and that is why the CBN barred the bank from the nation’s Foreign Exchange market. Insiders at CBN disclosed to us that Diamond Bank is still going to face severe penalty after paying the money to the CBN for daring to disobey the President of the Federal Republic of Nigeria.

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