A microfinance institution, OHHA Microfinance Bank Limited, has accused Sterling Bank Plc of defrauding it of N219 million it deposited with the bank.

The accusation was made in a letter to Sterling Bank by OHHA Microfinance Bank’s lawyers, Festus Keyamo Chambers. Dated 20 February and jointly signed by Messrs B.I Dakum and John Ainetor, the letter stated that OHHA Microfinance Bank operates two fixed deposit accounts (No. 514/1152051/74/0 Deal Ref. Slip No. DD No. 0138058 and No. 514/11520505/1/74/1 Deal Ref. Slip No. DD No.0133059) with Sterling Bank.

Both accounts, it said, have been operated for years and contain a deposit of N219million. The accounts said the microfinance bank was operated by Mr. Oliver Anidiobi, manager of Sterling Bank Market Road branch, Enugu State, who also doubles as its account manager.

While the accounts were in operation, OHHA Microfinance Bank said it exchanged many letters with Sterling Bank. In each of its replies, OHHA Microfinance Bank added, Sterling Bank confirmed the existence of the accounts and informed that the microfinance bank’s investment would be rolled over at Sterling Bank’s prevailing money market rate.

However, OHHA Microfinance Bank said that when it instructed Sterling Bank to terminate the fixed deposit and credit its current account on maturity with the principal and accrued interest, the latter refused. This made OHHA Microfinance Bank to briefed O. A. Omotayo and Associates, a law firm, which made the same demands.

Sterling Bank, added OHHA Microfinance Bank, admitted the existence of the accounts but denied the existence of any fixed deposit investment.

READ MORE HERE: http://witnessngr.com/customer-battles-sterling-bank-over-n219m-fraud/

Sterling Bank ? As In A Whole Bank ? As in ... WTF

Well I Don Enter FTC, First time in my NL Career.

So what am I getting for being on FTC ?

ok o

Corruption is everywhere, this is no news though as it is almost a norm for banks. Sometimes, they'll deposit on a Dormant account for their frivolous activities

Wawu

Hmmm

Stories everwhere!

Ok na. We don hear

Wawu

Maybe something swallowed it..

Naija banks n fraud like 5&6.

GeoSilYe:
Wawu

Maybe something swallowed it..

be specific jooor something like what

Every bank in Nigeria are thief


Honestly

Onpe danu!!...


When they say you should pay your tithe, to block devourer _you will be doing #free the sheeple up and down...





I'm jux playing o, before lions of this world devour me

I don't reggret being a Nigerian,I reggret being ruled by those stwpid leaders.

Snake swallowed the fixed deposit

and what kind of Animal swallowing bank is Sterling? OK, I remembered, its a reptile too, if snake can swallow 36 million, sterling can swallow 219 million

Take Sterling Bank to court and prove your case. You should have all the proof

dont give up, just sue them well

They don use am sign Olamide.

THE MANAGER HAS EATEN THE MONEY AND GIVING FAKE DOCUMENT With his power as banker. Forget, the money is partly in second crashed mmm. the money was not actualy fixed by acc office.

dats y i do btc only
never trust banks
in buhari regime
yahoo boiz have been offered jobs at banks

Never knew that bank still existed. I can't remember the year I saw any of their branches last.

Banks and fraud are like 5&6... But ppl won't know.

asdfjklhaha:
Never knew that bank still existed. I can't remember the year I saw any of their branches last.

lol you harsh o

Festus Keyamo Otobo lawyer again

Our Financial institutions need bee transparent.

In Psquare's voice "wahala dey "

So OHHA wasn't even faithful?