L
LequteMan
Guest
There have been amazing revelations in the Lagos State High Court, where FCMB is currently defending allegations that it is responsible for the massive defrauding of a corporate customer. (The suit no. in the court case is LD/1668/2009 - Zumax Nigeria v FCMB.)
- During the course of the hearing FCMB’s own documents have exposed that:
- FCMB diverted ₦250 million from its customer’s account, and then having done this;
- had the brazen cheek to complain to the customer that it was now overdrawn by more than the agreed limit of ₦200 million, charged extortionate interest in excess of ₦69 million on the resulting overdraft (all of the ₦69 million in interest was accrued in under a year), further debited the customer over ₦113 million in bogus charges arising from unauthorised and illegal Bankers Acceptance instruments initiated by the bank and then not content with this;
- placed the customer in receivership when the customer disputed the bank’s demands that the customer should “repay” over ₦465 million!
- In dramatic cross examination of a senior FCMB lawyer it has also been exposed that FCMB’s witnesses have:
- repeatedly given false evidence under oath to the Federal and Lagos State High Courts; and
- repeatedly given false testimony to the Central Bank of Nigeria and the EFCC.
