The governorship ambition of the Group Managing Director /Chief Executive Officer of Diamond Bank Plc, Dr. Alex Otti appears to have landed him into a serious problem as a socio-political group, South East Progressives Assembly (SEPA) has petitioned the Governor of the Central Bank, Godwin Emefiele over his refusal to formally resign his position and the alleged complicity of Diamond bank in the project. In a letter addressed to the Governor, Central Bank of Nigeria, Godwin Emefiele , dated 29th August ,2014,signed by Hon. Ebere Uzoukwa; SEPA maintained that having formally declare his intention to run for the governorship of Abia state before the PDP state executive at the PDP secretariat in Umuahia on 13th August 2014, against the party’s zoning arrangement which favors Abia south to produce the next governor, Otti who hails from Arochukwu in Abia North but now claims to be an indigene of Umuru-Umuehim Nvosi, Isiala-Ngwa South LGA in Abia central zone should have resigned his position in compliance with the law as the GMD/CEO of Diamond Bank before declaring interest to contest the governorship election.
SEPA also accused Otti of gross violation of banking rules and ethics and financial indiscipline unbecoming of a top professional banker and alleged complicity by the Diamond bank apparently in show of support to the governorship ambition of its chief executive officer.
In the letter, the group said: “We are constrained to write this letter as a follow-up to our earlier position on Dr. Alex Otti, the Group Managing Director/CEO of Diamond Bank Plc who is contesting the governorship of Abia state while still managing the day-to-day operations of the bank.
“We had earlier raised concern over seeming cases of gross violation of banking rules and ethics, financial indiscipline and political rascality exhibited by Dr. Otti regrettably in the face of deceit and falsehood ostensibly employed by Diamond Bank probably to give tacit support to the ill-conceived governorship project of its GMD/CEO. Dr. Otti’s activities, to say the least, are now heating up the polity as well as threatening the prevailing peace currently existing in Abia state. It is also noteworthy to establish herein that SEPA is a stakeholder in Diamond Bank considering the volume of investments and deposit our members have committed in the bank with Dr. Otti as the chief custodian.”
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