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Diamond Bank debunks alleged investigation of Alex Otti by EFCC over fraudulent transactions

By The Citizen
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Diamond bank Plc, one of the leading financial service providers in the country has refuted media reports by some online portals alleging that its managing director, Mr. Alex Otti is under investigation by the Economic and Financial Crimes Commission (EFCC) for some fraudulent transactions.


According to a statement by the bank’s Corporate Communications Dept, it said that  its attention has been drawn to news reports circulating in some online blogs to the effect that our Group Managing Director, Dr. Alex Otti, is involved in a fraud case currentlyunder investigation by the EFCC.



“We would like to state, for the avoidance of any doubt, that Dr. Alex Otti has never been involved in any case of fraud pending before the EFCC, either now or in the past.


“Dr. Otti is a highly respected and experienced banker who hasworked meritoriously in the Nigerian banking sector for over two decades, and risen to the top through hard work and the display of a high sense of integrity. We deplore this cheap and unwarranted attempted to rubbish his professional reputationand impeccable track record through false and unsubstantiated allegations.


“We expect those peddling this falsehood to have at the very least sought confirmation from the EFCC before going to town with their libelous publications. Such an enquiry would definitely have established the true state of affairs,” it said.





The statement further said that Dr. Alex Otti has accordingly briefed his lawyers, and will not hesitate to institute legal proceedings for libel against those involved, if the publication of this false and damaging report is not retracted, and discontinued, forthwith.