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| Uzoma |
The Board of Diamond Bank Plc, has
announced the appointment of Mr. Uzoma Dozie as Managing Director/Chief
Executive following the voluntary resignation of Dr. Alex Otti, from the bank
Friday. The appointment of Uzoma is subject to the approval of the Central Bank
of Nigeria (CBN).
In an official statement released by
the Bank’s Corporate Communications Department, Chairman of the Board of
Directors, HRM Igwe Nnaemeka Alfred Achebe, Obi of Onitsha, announced the
changes in management.
Speaking on the outgoing GMD/CEO,
the chairman said he would be sorely missed, adding that Dr. Alex Otti’s
achieved enviable landmarks during his time. He described his tenure as, “the
brightest years of Diamond Bank’s 24 year-history”.
“Dr Alex Otti is a fine gentleman
with an outstanding career in the Nigerian Banking industry. We are pleased
with the time he spent at the helms of affairs of Diamond Bank Plc and wish him
every success in his future endeavours,” Igwe Achebe added.
Under Dr. Alex Otti’s stewardship,
Diamond Bank made a remarkable return to profitability and has continued to
record growth across all performance indicators year-on-year.
After writing off toxic risk assets
which resulted in the loss of N16 billion in 2011, the Bank posted a profit
before tax of N28.36 billion in 2012 and N32.5 billion Naira in 2013.
The Bank also saw its total assets
rise from N564.9 billion in February 2011 to N1.18 trillion by December 31,
2012 and N1.52 trillion on December 31, 2013.
He is credited with creating the
office of the Chief Risk Officer and designating an Executive Director to head
the department.
Vanguard
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