It has come to our notice that th Access Bank Plc is in the process of selling more shares in order to shore up its capital to bolster its current balance sheet position ahead of basel III. Please note that the present access Bank which has it head office at plot 99c, Danmole street, Victoria island is a product of a questionable business combination/Merger between Intercontinental Bank Plc Access bank Plc.
Accordingly, the general public is hereby put on notice that the legality or otherwise of this business combination and subsequent merger of these two institutions mentioned above is still being challenged in various courts of competent jurisdictions in Nigeria, especially n the basis of alotting 3.5 shares for every 100 shares originally held by shareholders.
[I]This can be verified under the following suit numbers: FHC/L/CP/1272/09, FHC/L/CP/606/11. All Prospective investors within and outside the country are hereby duly informed.[/I]
[B]You are warned!
Signed:
Concerned shareholders of intercontinental Bank PLC[/B]
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