DLM gets CBN’s nod on MfBs acquisition

DLM Capital, a development investment bank, has received the final approval of the Central Bank of Nigeria for its acquisition of Links Microfinance Bank.

It said in a statement that the approval would further solidify the group’s much awaited digital banking entrance and launch.

The development transitions the DIB as one of the few players that have expanded into a financial institution, providing different types of services that cut across different socio-economic classes, the statement said.

The Group Chief Executive Officer/Managing Director, DLM Capital Group, Sonnie Ayere, said, “We sincerely thank the SEC and CBN for consent and final approval respectively of our MFB acquisition.

The Managing Director/Chief Executive Officer, LINKS MFB, Funsho Idowu, also said the bank was positioned to carve a niche for itself in the market space

Idowu noted it had joined the unique group of digital banks to create loans, investment opportunities, support job creation and empower MSMEs through unhindered access to its financial services, as clearly spelt out in the bank’s mission statement.


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