Dialectic Africa Analyst

Dear Africa Interested Professionals: I will endeavor to be concise because I have a lot to say and not enough time to do so. I wrote in my last article on this blog three weeks ago, that the CEO of Diamond Bank should resign for the sake of the bank's continued existence as a going concern.  While my wish has now become reality, the manner has set many bells ringing.  You remember that boyfriend that said "if I cannot have you, no one will?"  The girlfriend ends the relationship with the boyfriend and the boyfriend eliminates her as a form of last revenge.  Diamond Bank being acquired ( merger frankly has no place in this discussion) by Access Bank has pretty much put Uzoma Dozie in the history books as the last CEO of Diamond Bank.  If he had to ignominiously resign as the CEO of Diamond Bank, it would not be for someone else to take over, no matter how capable apparently.  If Uzoma goes down, then Diamond Bank must go down with him.  The s...

Prologue I have utmost respect and regard for Pascal Dozie and his achievements within the Nigerian business environment and the way he conducts himself without craving for visibility and adulation. The bank he founded is now a publicly listed corporation with over one hundred thousand shareholders who have invested in the bank and expect the bank's executive management to align their interests with that of the shareholders and act in their fiduciary interest.  The desire of ONE should not destroy the financial investment of MANY.  While I expect Pascal to be happy that his son is now the CEO of the bank he founded, I doubt he will be happy that the bank he founded is huffing and puffing (under the leadership of his son, Uzoma) when it should be rising and shining given the bank's compelling strategy, customer base and goodwill.     Investors understand that equity investments are risky and all funds may be lost just the same way a woman understand...