OPINION: A Nigerian Diamond is NOT Forever, By Akintokunbo Adejumo(AFRICAN EXAMINER) – The “collapse” (officially, it is a merger with Access Bank, or maybe we should say, it was saved from collapse in the nick of time) of Diamond Bank is inevitable; it was bound to happen. Being licenced as a National Bank was just a nice way of disguising the fact that they wound up all international businesses. This enables them to keep their own billions and still retain majority shareholding in Diamond Bank. All parties then agreed that since the loan couldn’t be repaid, Access Bank will acquire Diamond Bank. Unfortunately, the losers here are the staff of Diamond Bank, and of course, the poor little investors holding Diamond Bank shares (like me).