Diamond Bank Plc has denied claims that its Group Managing Director/CEO, Dr. Alex Otti has formally declared his intention to contest for Abia State gubernatorial election under the platform of the People’s Democratic Party (PDP) in 2015.

In a statement signed by a media relation officer of the bank, Adewunmi Oshilaja, the bank denied reports in a section of the media alleging Dr. Otti has declared to run for Abia State governorship election scheduled for February 28, 2015.

The statement reads: “Dr Alex Otti has not declared his candidacy for the 2015 gubernatorial elections nor any elective post for that matter.

“He is, however, not unaware of the media speculation around his possible candidature, a situation he has preferred to ignore in order to concentrate on his principal responsibility of managing the day to day operations of Diamond Bank, and in particular ensuring the success of the ongoing rights issue to raise additional capital.”

The bank said it attributed the speculations to pressure that has been brought to bear on him by stakeholder groups in Abia State and beyond, urging him to contest for governorship of the state.

This unsolicited invitations from various political groups according to the bank was due to Dr. Otti’s hard work, integrity managerial ingenuity and track record of performance in the corporate world.

The statement reads further: “As a law abiding citizen, Dr. Otti is also mindful of the electoral laws of the land and knows it is premature, if not illegal to at this stage, take actions that are in breach of provisions of the electoral act.

“If in the future, Dr. Alex Otti decides to run for the governorship seat of Abia State, which becomes vacant in 2015, this will be made public, and communicated to all stakeholders of the bank.

“We hope that this statement will serve to clear the air about the misleading press reports this week.”

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