Monday, September 10, 2018 / 01:57 PM/ NSE 

OnAugust 30, 2018, we made an announcement to the Nigerian Stock Exchange (NSE)and the public in respect of a fine of N250,000,000.00 (Two Hundred and FiftyMillion Naira Only), imposed on Diamond Bank Plc, by the Central Bank ofNigeria (CBN), following its investigation of foreign exchange remittances onbehalf of MTN Communications Nigeria Limited. 

Wehereby update the NSE, and the public that the CBN has debited Diamond Bank’saccounts with CBN for the full amount of the fine levied against it. 

Nevertheless,the Bank will continue to engage, and co-operate with the CBN, and furnish itwith every information necessary to reaffirm our stand that the Bank carriedout the subject transaction in full compliance with all rules, regulations andguidelines. 

Pleasenote that the payment of this fine does not impact our capacity to offer normalbanking services, nor our client’s ability to access these, includingtransactions that have to do with capital importation. 

TheBank will continue to uphold its high standard of compliance with the laws ofthe land.

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