Diamond Bank CFO Resigns and Proceeds on Garden Leave
Editor
Diamond Bank has informed the Nigerian Stock Exchange that its Chief Financial Officer Abdulrahman Yinusa has resigned.
According to the press release the resignation becomes effective after his garden leave which commenced on Monday, August 3, 2015.
According to the Bank, Mr. Yinusa had indicated his intention to pursue other interests and opportunities, and the board has accepted his resignation and wishes him success in his future endeavours.
Diamond Bank share price has lost 38% in value in the last one year and lost 30% this year alone.
The company has been reporting weaker earnings quarter after quarters with loan impairments taking its toll.
