The Central Bank of Nigeria (CBN) has given its full approval for Development Investment Bank (DLM Capital) to acquire Links Microfinance Bank 12 months after the deal was struck by the two companies, IgbereTV reports
The group received the go-ahead on Wednesday despite agreeing on the deal since April 2021, and will now look to fully expand into Nigeria’s million-dollar fintech sector.
In his reaction, Group CEO/MD, DLM Capital Group, Sonnie Ayere said: “We sincerely thank the Securities and Exchange Commission (SEC) and CBN for consent and final approval respectively of our MFB acquisition
