Shareholders of the defunct Intercontinental Bank Plc, yesterday, dragged the suspended governor of the Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi ,before a Federal High Court in Abuja, accusing him of complicity in an alleged N50 billion fraud.
In a suit they entered through their lawyer, Chief Chris Uche, SAN, the plaintiffs, including Abdullahi M. Sani, Adaeze Onwuegbusi and Chijioke Ezeikpe, alleged that Sanusi, as the CBN governor, acted contrary to the provisions of sections 12, 32, 35 and 39 of the Banks and Other Financial Institutions Act, Cap B4 Laws of the Federation of Nigeria 2004, by deliberately falsifying the actual financial state of affairs/solvency of Intercontinental Bank Plc and subsequently sold it to his cronies at a ridiculous sum of N50 billion.
Others joined as defendants in the suit were the CBN and the Security & Exchange Commission.
They are praying the court to, among other things, determine whether Sanusi, “did not act fraudulently in waiving/writing off the sum of N16.2 billion owed by Mr. Aig-Aigboje Imokhuede and Mr. Herbert Wigwe, the Managing Director and Deputy Managing Director of Access Bank and the sum of N8.9 billion owed by Senator Bukola Saraki and other sums so owed, all totalling over N40 billion, in a bid to enable the said Access Bank Plc to fraudulently purchase Intercontinental Bank Plc at a ridiculous sum of N50 billion only, even when the quarterly profit of the said bank was more than N50 billion and which Bank at the material time was worth more than N1 trillion, to the detriment of the Plaintiffs as shareholders and investors.
They are praying the court to, among other things, determine whether Sanusi, “did not act fraudulently in waiving/writing off the sum of N16.2 billion owed by Mr. Aig-Aigboje Imokhuede and Mr. Herbert Wigwe, the Managing Director and Deputy Managing Director of Access Bank and the sum of N8.9 billion owed by Senator Bukola Saraki and other sums so owed, all totalling over N40 billion, in a bid to enable the said Access Bank Plc to fraudulently purchase Intercontinental Bank Plc at a ridiculous sum of N50 billion only, even when the quarterly profit of the said bank was more than N50 billion and which Bank at the material time was worth more than N1 trillion, to the detriment of the Plaintiffs as shareholders and investors.
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ReplyDeleteSome people lost a lot of money,others lost all their money. They need explanations about what really happened.
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