BusinessCrime/DefenseLegal/Judiciary

N11.79b scam: Judge frowns at WEMA Bank’s failure to fully comply with court order

By Francis IWUCHUKWU

The order on all banks in Nigeria to furnish it with the account details of Imagine Global Holding Company Limited and its alter ego, Bamise Ajetunmobi, was on Wednesday renewed by the High Court of Lagos State sitting in Osborne.

The court presided over by Justice Abdullahi Oyekan declared that the order covered details of their fixed deposit accounts, treasury bills, cryptocurrencies or any other form of investment held in any bank.

The judge arrived at the decision sequel to the alleged failure of Wema Bank to fully comply with a similar order made on November 9, 2021.

It would be recalled that Justice Abdullahi Oyekan had directed all banks to file an affidavit showing the comprehensive statements of account of the defendants.

Imagine Global Holding Company Limited, Imagine Global Solutions Limited Bamise and Elizabeth Ajetunmobi had been allegedly associated with a failed N11,795,090,000 investment, by the claimants/applicants who are aggrieved Nigerian investors.

According to the plaintiffs’ motion, the N11.795b is the outstanding investments and return on investments accruing to them from the defendants.

The investors through their counsel, Adetunji Adedoyin-Adeniyi, are seeking to recover the said sum.

At Wednesday’s proceedings of the court, Adeniyi had informed the judge that Wema Bank Plc had yet to fully comply with the order.

The counsel had stated: “Wema Bank, as well as others, must act professionally by disclosing all investments that the 1st and 4th Defendants (Imagine Global Holding Company Limited and Bamise Ajetunmobi) have with them.

“For clarity, the investment includes fixed deposits, treasury bills, cryptocurrency, etc.

“It is a mandatory order that must be complied with on or before the next adjourned date.”

But on its part, WEMA Bank through its lawyer, O.O Olajide listed some accounts which the defendant maintains with the bank.

Olajide revealed that “0122894347 has negative of N150m because a loan was granted to the defendant in August 2021.

“0123139968 had N8,651.97k, 0620249522, 0241738137, 0620249443 has $50; it’s a dollar account.”

In her ruling, Justice Abdullahi Oyekan held that “Wema Bank is hereby made to completely furnish the bank statement of the first defendant including Fixed Deposit, Treasury bills, Cryptocurrency and all the monies stored in the bank and zeal up the return to this court so that the order of court does not go without been obeyed.”

The case has been adjourned till February 24, for the report of compliance.

Copyright THE NEWS ACCELERATOR NETWORK.

All rights reserved. This material and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from THE NEWS ACCELERATOR NETWORK.

Contact: thenewsacceleratornetwork@gmail.com or 08022717838, 08033599492.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published.

More in:Business