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 N50billion
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.
Aside Sanusi, others joined as defendants in the suit were the CBN
and the Security & Exchange Commission.
Specifically, 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 N40bn, 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 N50bn and which Bank at the material time
was worth more than N1 trillion, to the detriment of the Plaintiffs
as shareholders and investors.
”Whether the 1st defendant, acting as the Governor of the 2nd
defendant, did not act fraudulently, in breach of his public office,
against the public interest and 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 in
deliberately strangulating the banking operations and falsifying the
actual financial state of affairs/solvency of Intercontinental Bank
Plc as a ground for revoking the operating licence of and taking
over the management of the said Intercontinental Bank Plc, of
which the plaintiffs are shareholders, only to undervalue the said
bank to the detriment of the plaintiffs as shareholders and
investors and sell the said bank to his friends/associates/cronies
in Access Bank Plc where Mr. Aig-Aigboje and Mr. Herbert Wigwe,
the Managing Director and Deputy Managing Director respectively
of the said Access Bank Plc, acting indebted to Intercontinental
Bank Plc, to the tune of N16.2 billion, to the knowledge of the 1st
defendant.
”Whether the 1st defendant, acting as the Governor of the 2nd
defendant did not act fraudulently, in breach of his public office,
against the public interest and contrary to the provision of sections
12, 32, 35 and 39 of the Banks and Other Financial Institutions
Act, Cap B4 Laws of the Federation of Nigeria 2004, in taking over
Intercontinental Bank Plc, of which the plaintiffs are shareholders,
and selling same to Access Bank Plc, notwithstanding that the
facilitator of the said sale/buy-over transaction, Senator Bukola
Saraki, was also indebted to Intercontinental Bank Plc, to the tune
of N8.9 billion, through his companies, Limkers, Dicetrade,
Skyview Properties and Joy Petroleum, to the knowledge of the 1st
defendant,” among other allegations.
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 N50billion
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.
Aside Sanusi, others joined as defendants in the suit were the CBN
and the Security & Exchange Commission.
Specifically, 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 N40bn, 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 N50bn and which Bank at the material time
was worth more than N1 trillion, to the detriment of the Plaintiffs
as shareholders and investors.
”Whether the 1st defendant, acting as the Governor of the 2nd
defendant, did not act fraudulently, in breach of his public office,
against the public interest and 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 in
deliberately strangulating the banking operations and falsifying the
actual financial state of affairs/solvency of Intercontinental Bank
Plc as a ground for revoking the operating licence of and taking
over the management of the said Intercontinental Bank Plc, of
which the plaintiffs are shareholders, only to undervalue the said
bank to the detriment of the plaintiffs as shareholders and
investors and sell the said bank to his friends/associates/cronies
in Access Bank Plc where Mr. Aig-Aigboje and Mr. Herbert Wigwe,
the Managing Director and Deputy Managing Director respectively
of the said Access Bank Plc, acting indebted to Intercontinental
Bank Plc, to the tune of N16.2 billion, to the knowledge of the 1st
defendant.
”Whether the 1st defendant, acting as the Governor of the 2nd
defendant did not act fraudulently, in breach of his public office,
against the public interest and contrary to the provision of sections
12, 32, 35 and 39 of the Banks and Other Financial Institutions
Act, Cap B4 Laws of the Federation of Nigeria 2004, in taking over
Intercontinental Bank Plc, of which the plaintiffs are shareholders,
and selling same to Access Bank Plc, notwithstanding that the
facilitator of the said sale/buy-over transaction, Senator Bukola
Saraki, was also indebted to Intercontinental Bank Plc, to the tune
of N8.9 billion, through his companies, Limkers, Dicetrade,
Skyview Properties and Joy Petroleum, to the knowledge of the 1st
defendant,” among other allegations.
No comments:
Post a Comment