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Diamond Bank of Fraud*** How Labour Union Shamefully Shut Down Victoria Island Branch over poor staff treatment *** Details of how customers have been reacting to the development.




The popular saying that thunder doesn’t strike twice in the same place does not seem to apply to the crisis which is rocking Diamond Bank presently. Because in the case of this bank thunder can struck more than thrice.

Weeks back, when Mi5 reported a fraud in the bank which took place in Osogbo, Osun State, some people felt that it was a normal thing that happens in every financial institution. Then, we emphasized the need for customers to beware of the bank and some wise people called to confirm if the development was indeed true. That story was again followed by another which called the attention of customers to a .8 million Naira internet fraud which took place in the bank with no reasonable explanation coming from them. For the victim, it was so bad that his children and wife basically suffered, as they had to beg for food to survive, all because of Diamond Bank.

The bad wind which has being blowing towards the bank continued only recently when the former head office of Diamond Bank located on plot 1264, Adeola Hopewell Street, Victoria Island, Lagos was shut down by the Labour Union, due to the poor and inhumane treatment which the bank has being meting out to its employees, especially the contract staffs. Interestingly, this is not the first time the bank’s office will be shut down by the Labour Union, an evidence of a consistent lackadaisical approach to affairs and welfare of their staffers.

Mi5 was informed that the working condition of the staffers in the bank which prides itself as the bank to do business with is very poor, as most of its contract personnels are not well treated. The source, who is a staff of the bank told our reporter that there is no good pay for these contract staffers and they are not entitled to goodies being given to staff of the bank. It will be recalled that only last month, associate staffs such as drivers, office assistants and other low cadre of staffers were sacked without pay and this led to a protest of sort which threw the shameless management of the bank into a frenzy, as they were bent on making sure no media house got wind of the situation, many thanks to Channels Television whom broadcasted it.

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The scene of the recent lock down by the Labour Union was an eye sore, as passers by wondered what was happening, with some after hearing the whole details wondering what sort of bank will refuse to pay its workers despite making huge profit. It is indeed a shame that the heartless management of Diamond Bank will turn their backs at people who have dedicated their lives to the bank for over 16 and instead of paying them their deserved gratuity they are sent off their premises for not just reason despite the fact that the salary margin between these contract staffs who do the more tedious work in the organization is just chicken feed.

As it stands, most customers of Diamond Bank are warned to beware of a bank which would use people for several years and suddenly dump them, as these treated which is now synonymous with this bank is gradually finding its way to their customers too. You will recall that we told you recently of how the bank and its staffs now tamper with customers accounts. The popular saying to be fore warned is to be fore armed seems the best advise presently.

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Below is a cross section of reaction from a set of people who have been monitoring the whole situation and it exposes the true nature of the financial institution Diamond Bank. ***Diamond Bank una wahala dey increase every day….make una close shop if market no dey again. This is barbaric! *****News really fly! I work on same street and the traffic on Adeola Hopewell is bad. Yes it’s true, Diamond Bank occupying NBA building close to law sch shut out. I saw people with with uniform, guess they are the union and aggrieved staff, police and people with cameras. Diamond Bank stop this. ****IRENE BERNARDS said: This bank uses contract staff and at the slightest opportunity,they sack them. ****The bank is obviously folding and redundancy is the case. Good to know that the Labour Union is working. I pray the outcome is good. *****Going to withdraw my last 5000 naira. ****Larry Johnson said: I was about sending u a tweet about this. This is very true, my sister is still outside. NLC has shut down the generator and locked their gates. They are presently in their car park gisting. How can you be a contract staff for 15 years! Who are you guys fooling some one puts in 15 years of their life in a company and you call them contract staff? ****Samadina, all,the branches are having Operational issues today, in Abj, Ph, owerri, Awka..guess its same in lag. Look seriously, i am beginning to be afraid me. Once this is resolved, I am withdrawing every dime I have with Diamond. GTB doesn’t inconvenience me like this. If Diamond Bank is your bank, the next line of action should not be hard to imagine. Hamid Kowode: (member Mi5)

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Zenith Bank


Nigeria’s leading financial institution, Zenith Bank Plc, has reaffirmed its commitment to support local Small and Medium Scale Enterprises (SMEs) with the introduction of the ‘Zenith Bank SME Digital Workshop’ to provide free digital training for business owners.

The initiative, which is being organized in partnership with social media giant Facebook, will provide free training on how SMEs can use digital platforms such as Facebook, Instagram and WhatsApp to grow their businesses.

Commenting on the initiative, the Group Managing Director/Chief Executive, Mr. Ebenezer Onyeagwu, noted that the SME ecosystem is a very important component of the Nigerian economy and the digital workshop is expected to assist participants optimally use digital channels to engage potential customers, market their products and increase sales.

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The workshop is scheduled to hold on Wednesday, January 29th and Thursday, January 30th, 2020 by 08:30 a.m. at the following Zenith Bank branches: 23, Oba Akran Avenue, Ikeja, Lagos; 201, Ikorodu Road, Obanikoro, Ilupeju, Lagos; and 2, Aromire Road, Ikoyi, Lagos.

The Zenith Bank SME Digital Workshop is free for everyone. To register, send an email with the subject “Zenith Bank SME Digital Workshop” to The email should state the name of the participant and preferred venue of attendance.


Zenith Bank Plc is recognized as one of the most innovative financial institutions in Nigeria and was voted the most customer-focused bank in Nigeria for the Retail and SME segments in the 2018 KPMG Annual Banking Industry Customer Satisfaction Survey (BICSS). Most recently, the bank won the Best Bank in Retail Banking and the Bank of the Year at the 2019 BusinessDay Banks and Other Financial Institutions (BOFI) Awards and was ranked as the Best Digital Bank in Nigeria 2019 by Agusto & Co.

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Ugo Set To Take Music Industry By Storm





German-based Nigerian music artiste, Ugo, has started the year with a bang, as he recently dropped a new single titled ‘Life Is Banana’.

The song is currently receiving positive reviews among Afrobeat music lovers.

Off the current rave from ‘Life Is Banana’ single, he has also revealed plans for future collaborations.

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Known to have consistently dropped singles since making his debut in 2014, the Ihitenansa, Imo State-born artiste is proud of his roots, as he maintains his real name, “Ugonna” and plays a vibe which crisscrosses between local and international vibes.

Already working on an RnB song likely to be released on 14 February, there is no doubt that lovers of good music will be hearing more from the artiste this year through his thrilling melody and sensational rhythm that has seen him maintaining his consistency.

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Galaxy Of Stars As Adenuga, Otedola, Wigwe Shine





The trio of Mike Adenuga, Femi Otedola, and Herbert Wigwe share one thing in common, they are excellent in their individual businesses.

Over the years, Adenuga has turned Globacom into one of the leading telecommunication outfits in Africa, while Otedola has gone from being a success in the oil and gas industry to forging new frontiers in the energy industry.


Otunba Mike adenuga, CEO Globacom Limited

On his part, Wigwe has led Access Bank from a mere middle-level bank to an enviable financial institution providing support for the most elitist businesses.

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Such is the achievements of these men that they couldn’t have gone unnoticed.


The business and personal excellence of the trio got celebrated recently when they picked up medals at the prestigious Thisday Award presentation.

While Adenuga was celebrated as Entrepreneur of the Decade, his firm, Globacom won the brand category. Otedola and Wigwe were celebrated with the former emerging Philanthropist of the Decade. Access Bank’s Wigwe emerged Banker of the Decade as his financial institution.

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