The Festus Keyamo Chambers has written Sterling Bank
Plc over refusal to convert the sum of N219 million in the fixed
deposit account of Ohha Microfinance Bank Ltd to the Current
Account of the microfinance bank.
Keyamo in open letter to the bank dated
20th February, 2018, narrated that Ohha
Microfinance Bank operates two fixed deposit accounts with you with
Account No. 514/1152051/74/0 Deal Ref. Slip No. DD No. 0138058 and
Account No. 514/11520505/1/74/1 Deal Ref. Slip No. DD No.
0133059.
He stated that they have operated the said accounts for some
years and deposited the sum of N219,000,000.00 in the said deposit
accounts through Sterling Bank Branch Manager at Market Road
Branch, Enugu State, Mr. Oliver Anidiobi, who also
doubles as its Account Manager.
Leuamo noted that the Microfinance Bank in several
correspondence with Sterling Bank informed them that their
investment would be rolled over at the Bank’s prevailing money
market rate.
“Our client was surprised when it instructed you to terminate
the Fixed Deposit and Credit its Current Account on maturity with
the principal and accrued interest but you remained adamant.
Consequent upon your failure to carry out its instruction, it
briefed the law firm of O. A. Omotayo & Associates who made the
same demands to you but you responded reluctantly wherein you
admitted the existence of the said accounts but denied the
existence of any fixed deposit investment by our client.
“You further claimed that the Deposit Certificate presented to
our client were forged and tried to defend Mr. Oliver Anidiobi whom
you also admitted to have handed over to the law enforcement agents
in connection with allegations of forgery.” Keyamo Chambers
protested.
They thereafter demanded that the transaction be
effected within seven days or a legal action will be
taken against the bank.
Details of the open letter read:
OPEN LETTER TO STERLING BANK PLC
20th February, 2018
The Managing Director,
Sterling Bank Plc,
20 Marina,
Lagos.
Dear Sir,
UNLAWFUL CONVERSION OF THE SUM OF N219,000,000.00 (TWO
HUNDRED AND NINETEEN MILLION NAIRA) BELONGING TO OHHA MICROFINANCE
BANK LTD
DEMAND TO CREDIT OHHA MICROFINANCE BANK LTD CURRENT
ACCOUNT NUMBER 0023325543 WITH THE SUM OF N219,000,000.00 (TWO
HUNDRED AND NINETEEN MILLION NAIRA)
We are solicitors to Ohha Microfinance Bank
Ltd on whose firm instructions we write you.
Our client briefed us that it has a two fixed deposit accounts
with you with Account No. 514/1152051/74/0 Deal Ref. Slip No. DD
No. 0138058 and Account No. 514/11520505/1/74/1 Deal Ref. Slip No.
DD No. 0133059.
That they have operated the said accounts with you for some
years and deposited the sum of N219,000,000.00 (Two Hundred and
Nineteen Thousand Naira) in the said deposit accounts through your
Branch Manager, Market Road Branch, Enugu State, Mr. Oliver
Anidiobi who also doubles as its Account Manager.
While operating the said Accounts, our client exchanged several
correspondences with you wherein you confirmed the existence of the
said Accounts and also informed them that their investment would be
rolled over at the Bank’s prevailing money market rate.
Our client was surprised when it instructed you to terminate the
Fixed Deposit and Credit its Current Account on maturity with the
principal and accrued interest but you remained adamant. Consequent
upon your failure to carry out its instruction, it briefed the law
firm of O. A. Omotayo & Associates who made the same demands to
you but you responded reluctantly wherein you admitted the
existence of the said accounts but denied the existence of any
fixed deposit investment by our client. You further claimed that
the Deposit Certificate presented to our client were forged and
tried to defend Mr. Oliver Anidiobi whom you also admitted to have
handed over to the law enforcement agents in connection with
allegations of forgery.
Having admitted that your staff Mr. Oliver Anidiobi is liable
for forgery which same offence has been committed while he was in
your employment, we make bold to say you are vicariously liable for
whatever Mr. Oliver Anidiobi would have done in the normal cause of
his business as your Branch Manager. It is no doubt, you employed
the said Manager and presented him as a worthy staff for
unsuspecting customers to deal with him which our client did in
good faith. It is safe to infer that you have defrauded our
clients of the sum of N219,000,000.00 (Two Hundred and Nineteen
Million Naira).
Consequently, we have our client’s instructions to demand that
you credit its Current Account with you: 0023325543 with the sum
of N219,000,000.00 (Two Hundred and Nineteen Million
Naira) within SEVEN (7) DAYS from the
date of service of this notice on you, failure to yield to our
demands shall leave us with no option than to set all the
machineries of law in motion to ensure our client’s investments
with accrued interest in the above mentioned accounts are duly
recovered.
Thank you.
Yours sincerely,
For: Festus Keyamo Chambers
B.I. DAKUM, ESQ
JOHN AINETOR,ESQ
Counsel
Assistant Head of Chambers
The Festus Keyamo Chambers has written Sterling Bank
Plc over refusal to convert the sum of N219 million in the fixed
deposit account of Ohha Microfinance Bank Ltd to the Current
Account of the microfinance bank.
Keyamo in open letter to the bank dated
20th February, 2018, narrated that Ohha
Microfinance Bank operates two fixed deposit accounts with you with
Account No. 514/1152051/74/0 Deal Ref. Slip No. DD No. 0138058 and
Account No. 514/11520505/1/74/1 Deal Ref. Slip No. DD No.
0133059.
He stated that they have operated the said accounts for some
years and deposited the sum of N219,000,000.00 in the said deposit
accounts through Sterling Bank Branch Manager at Market Road
Branch, Enugu State, Mr. Oliver Anidiobi, who also
doubles as its Account Manager.
Leuamo noted that the Microfinance Bank in several
correspondence with Sterling Bank informed them that their
investment would be rolled over at the Bank’s prevailing money
market rate.
“Our client was surprised when it instructed you to terminate
the Fixed Deposit and Credit its Current Account on maturity with
the principal and accrued interest but you remained adamant.
Consequent upon your failure to carry out its instruction, it
briefed the law firm of O. A. Omotayo & Associates who made the
same demands to you but you responded reluctantly wherein you
admitted the existence of the said accounts but denied the
existence of any fixed deposit investment by our client.
“You further claimed that the Deposit Certificate presented to
our client were forged and tried to defend Mr. Oliver Anidiobi whom
you also admitted to have handed over to the law enforcement agents
in connection with allegations of forgery.” Keyamo Chambers
protested.
They thereafter demanded that the transaction be
effected within seven days or a legal action will be
taken against the bank.
Details of the open letter read:
OPEN LETTER TO STERLING BANK PLC
20th February, 2018
The Managing Director,
Sterling Bank Plc,
20 Marina,
Lagos.
Dear Sir,
UNLAWFUL CONVERSION OF THE SUM OF N219,000,000.00 (TWO
HUNDRED AND NINETEEN MILLION NAIRA) BELONGING TO OHHA MICROFINANCE
BANK LTD
DEMAND TO CREDIT OHHA MICROFINANCE BANK LTD CURRENT
ACCOUNT NUMBER 0023325543 WITH THE SUM OF N219,000,000.00 (TWO
HUNDRED AND NINETEEN MILLION NAIRA)
We are solicitors to Ohha Microfinance Bank
Ltd on whose firm instructions we write you.
Our client briefed us that it has a two fixed deposit accounts
with you with Account No. 514/1152051/74/0 Deal Ref. Slip No. DD
No. 0138058 and Account No. 514/11520505/1/74/1 Deal Ref. Slip No.
DD No. 0133059.
That they have operated the said accounts with you for some
years and deposited the sum of N219,000,000.00 (Two Hundred and
Nineteen Thousand Naira) in the said deposit accounts through your
Branch Manager, Market Road Branch, Enugu State, Mr. Oliver
Anidiobi who also doubles as its Account Manager.
While operating the said Accounts, our client exchanged several
correspondences with you wherein you confirmed the existence of the
said Accounts and also informed them that their investment would be
rolled over at the Bank’s prevailing money market rate.
Our client was surprised when it instructed you to terminate the
Fixed Deposit and Credit its Current Account on maturity with the
principal and accrued interest but you remained adamant. Consequent
upon your failure to carry out its instruction, it briefed the law
firm of O. A. Omotayo & Associates who made the same demands to
you but you responded reluctantly wherein you admitted the
existence of the said accounts but denied the existence of any
fixed deposit investment by our client. You further claimed that
the Deposit Certificate presented to our client were forged and
tried to defend Mr. Oliver Anidiobi whom you also admitted to have
handed over to the law enforcement agents in connection with
allegations of forgery.
Having admitted that your staff Mr. Oliver Anidiobi is liable
for forgery which same offence has been committed while he was in
your employment, we make bold to say you are vicariously liable for
whatever Mr. Oliver Anidiobi would have done in the normal cause of
his business as your Branch Manager. It is no doubt, you employed
the said Manager and presented him as a worthy staff for
unsuspecting customers to deal with him which our client did in
good faith. It is safe to infer that you have defrauded our
clients of the sum of N219,000,000.00 (Two Hundred and Nineteen
Million Naira).
Consequently, we have our client’s instructions to demand that
you credit its Current Account with you: 0023325543 with the sum
of N219,000,000.00 (Two Hundred and Nineteen Million
Naira) within SEVEN (7) DAYS from the
date of service of this notice on you, failure to yield to our
demands shall leave us with no option than to set all the
machineries of law in motion to ensure our client’s investments
with accrued interest in the above mentioned accounts are duly
recovered.
Thank you.
Yours sincerely,
For: Festus Keyamo Chambers
B.I. DAKUM, ESQ
JOHN AINETOR,ESQ
Counsel
Assistant Head of Chambers
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