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The board of Diamond Bank Plc, on Monday announced that has obtained an Approval-In-Principle from the Central Bank of Nigeria (CBN) from the Securities & Exchange Commission (SEC) for its proposed Scheme of Mergers with Access Bank.
In a notice to the Nigerian Stock Exchange (NSE) by Uzoma Uja, its company secretary and legal adviser, Diamond Bank said the scheme is also subject to the approval of shareholders of both banks at a court-ordered meeting, besides sanction of the
Federal High Court.