DIAMOND BANK READY TO ACQUIRE OCEANIC BANK

[caption id="attachment_6387" align="alignleft" width="225" caption="Alex Otti,the Group Managing Director of Diamond Bank"][/caption]Few weeks after the glaring possibility of Intercontinental Bank take over by Access Bank and the financial ‘romance’ between FCMB and FinBank,Diamond Bank says it is on its way to acquire Oceanic Bank.
It would be recalled that Oceanic Bank was one of the ailing banks bailed out by Central Bank of Nigeria when the toxic debts profile of the bank became unbearable. At the peak of the crises that rocked the Nigerian financial sector, the former managing director, Mrs. Cecelia Ibru was arrested for mismanagement. She was jailed by the court.
If Diamond Bank eventually takes over Oceanic Bank, then it would be good news because Central Bank had given it up to September 30 to get a buyer.Gistmaster.com gathered that it the take over won't involve cash purchase, rather it would be a share to share combination.
At the moment, the Oceanic Bank in Sao Tome, which was owned by the bank, had been sold to Mr. Jimoh Ibrahim, a billionaire businessman, founder of Global Fleet Oil and Gas. He is also the chairman of Air Nigeria, Mirror Newspapers and Nicon Group of Companies. Ibrahim bought Oceanic Sao Tome 100 per cent.
Diamond Bank is a new generation bank under the leadership of Alex Otti, a financial expert/ He was an Assistant General Manager with UBA before he left to join Finbank. He rose to the position of executive director with Finbank before he joined Diamond Bank as MD.
It would be recalled that few months ago, the managing director of First Bank,Mr. Bisi Onasanya said his bank dropped the idea of acquiring Oceanic because it was not a good deal.
-Story- Niyi Tabiti/gistmaster.com
news@gistmaster.com

Sacred Lashes boss- Lola Maja's new bundle of joy

Top make up artist and Sacred lashes boss - Lola Maja Okojevoh is all joy as she has just had a new bundle of joy - A baby Boy . Both mother and baby are good and are expected back home soon.

Sabina Umeh strikes a pose

Singer, Songwriter, Fashion Designer, Model, ex beauty queen (Most beautiful girl in Nigeria 1989), mother of 4 ,  Dance Choreographer, Theatre Arts Graduate and Pretty wife of one time popular Nigerian based fashion designer -Kese Jabari . strikes a pose for her new shoot .

Doesn't she look stunning at over 40? More pics after cut

MUNACHI ABI GETS ENGAGEMENT RING FROM LOVER

By Gistmaster.com
The second edition of Yes Magazine is out. The celebrity stories on the cover page of this edition include the gist about Munachi Abii, a former Most Beautiful Girl in Nigeria, getting an engagement ring from her lover. There is also an exclusive interview with Lagos socialite, part owner of Tribecca club and auto dealer, Charles Ahize. He talks about the night club business, his failed marriage and his new lover amongst other things.
Interestingly, there is also the story of a high society woman who was sent packing from her matrimonial home after her husband discovered that she was sleeping with their security guard.
Yes magazine also gave readers the latest on the recent auto crash of Uche Jombo.The headline news shows that actress Uche Jombo is still at loggerheads with the owner of the range rover she crashed. "Bloddy Liar, You are a drunk" the owner of the posh car allegedly blasted Uche.

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Uche Jombo at Monalisa Chinda's Movie Premiere in Lagos.

ELIN NORDEGREN,TIGER WOODS FORMER WIFE FALLS IN LOVE AGAIN

[caption id="attachment_6378" align="alignleft" width="460" caption="Elin Nordegren"][/caption]For Elin Nordegren, the former wife of popular golf player, Tiger Woods, it is time to get into a new relationship. Nordegren, who called it quit with her former husband after it was discovered that her husband had cheated on her, is reportedly dating a one of sons of billionaire,Michael Dingman. A report in New York Post revealed that Moss Nordegren and Digman were spotted in Sweden and Florida.No one could say where the relationship is headed for now.
Elin Nordegren reportedly got about $100 Million (US Dollars) as settlement after her divorce to Mr. Woods was perfected.

OLU PRIDY, FAMOUS SOCIALITE DIES IN UK

By Niyi Tabiti
Olu Priddy, the famous socialite and businessman who bought Bacchus Nite Club, Awolowo Road, Ikoyi is dead. Priddy bought Bacchus when the original owners were leaving Nigeria many years ago.
Gistmaster gathered that Olu Priddy died in the UK on Friday 15 July 2011 after battling with cancer for sometime. He was a former director with John Holts, and a major stakeholder in African Practice R and B, amongst other high profile companies.
From what we gathered, Priddy's children, Oona, Louise,Sean and Dean are headed for UK. A source told gistmaster.com that the remains of the businessman would be interned in the UK. There is no official statement yet.

EVENT: *Independent Designers Sale*

What: With discounts of up to 70% on shoes, bags, clothing and accessories

Why: Featuring Urbanknit, Bena Clothing, Esska Shoes, Labour of Love and Sonya Kashmiri

When: Saturday 23rd July 2011. 11am- 5pm

Where: St Mary's Church, Upper Street, Islington, N1 2TX, London

Nearest Tube: Angel station on Northern line (7mins walk); Highbury & Islington station on Victoria line (7mins walk)

Free entry and Prizes to be won from all designers on the day.

For more information/ e-flyer/ Urbanknit Press&Publicity, contact pr@urbanknit.com