CBN approves acquisition of Links Micro Finance Bank by DLM Capital Group

DLM Capital, a prominent Development Investment Bank, has been approved by the Central Bank of Nigeria for the acquisition of Links Microfinance Bank. This approval will further solidify the Group’s much-awaited Digital Banking entrance and launch.

This transition makes DIB the only financial institution that offers a wide range of services across all socio-economic levels.

Group CEO/MD DLM Capital Group Sonnie B. Ayere remarked that “we sincerely thank the SEC and CBN for consent and final approval respectively of our MFB acquisition. This will allow us to be more prominent as a full-fledged bank that will offer financial products and services to Nigerians.

“We are looking forward to working with all stakeholders, including the Central Bank of Nigeria, and to expand financial inclusion to meet the ever-evolving needs of the average Nigerian.”

MD/CEO, Links MFB, Funsho Idowu also said the bank is positioned to carve a niche for itself in the market space, having just 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. “This deal, together with our NDIC insurance, will demonstrate to our customers that they can trust us with their financial needs,” he added.

DLM Capital Group consists of subsidiaries in investment banking and trustees, securities trade, FX digital banking, asset management nominees and corporate lending.

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