The Corporate Communication, Diamond Bank Plc, has debunked the story making rounds that the Group Managing Director of the bank, Dr. Alex Otti is involved in a fraud case, and is currently undergoing investigation by the Economic Financial Crime Commission (EFCC). According to them, the report is false and libel, as Dr. Otti has never been involved in any case of fraud pending before the EFCC.

See their statement made available to Julia Blaise Blog (JBB) below:

Our 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 currently under 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 has worked 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 reputation and 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.

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.