There are indications that Access Bank Group is close to acquiring Diamond Bank Plc.
According to a source who spoke on condition of anonymity revealed on Sunday that the banks were still in acquisition talks, which had not yet been finalised.
“I can confirm that there is an acquisition process in progress but we need to wait for the outcome if it is eventually concluded,” he stated.
The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry, said the source.
When contacted, The Director, Corporate Communications, Central Bank of Nigeria, Mr Isaac Okorafor, said, “We are aware that there have been meetings but we are yet to receive any formal communication from the parties in that respect.”