Debt: Agency counters Sterling Bank over alleged police, NASS exploitation

Legal professionals to the Managing Director/Chief Govt Officer of Miden Methods Restricted, Dr Brendan Usoro, and Miden Methods Restricted have denied claims that it exploited the police and the Nationwide Meeting in a debt matter involving Sterling Bank.

In a letter to The PidomNigeria, which was signed by Mary Warribo of M.C. Chambers in Abuja, the petitioner maintained that it undertook constitutionally laid down procedures to hunt redresses.

Usoro and Miden Methods Restricted had petitioned the Federal Home of Representatives of the Nigerian Nationwide Meeting in opposition to Sterling Bank Plc over alleged wrongful mismanagement and misappropriation of funds within the firm’s accounts domiciled with the financial institution.

It was revealed that the matter had been referred to the Home of Representatives Committee on Public Petitions, which then referred the matter to the workplace of the Inspector General of Police for investigation.

The legal professionals stated, “The workplace of the Inspector-Basic of Police investigated the matter and forwarded its report back to the Home of Representatives Committee on Public Petitions. The IGP, of their report, indicted Sterling Bank Plc. Our shoppers by no means indicted the financial institution. Notice additionally that the IGP’s investigation report learn to the Committee was emphatic on the truth that they relied solely on the financial institution paperwork and statements submitted by the financial institution throughout interrogation.”

They added that though there was a court docket ruling/judgement on the subject material, “there’s a pending attraction in opposition to the ruling, which is only a civil matter that has not been lastly decided, whereas the IGP investigated the legal side of the transaction as directed by the Home Committee on Public Petitions. This, the regulation permits, and the problem of sub judice doesn’t come up.

“In keeping with our shoppers, they have no idea any of the members of the Public Petitions Committee; somewhat, they solely determined to make use of the constitutionally laid down avenue to ventilate their grievances.”

In the meantime, Sterling Bank Restricted has additionally petitioned the Inspector-Basic of Police, Kayode Egbetokun, on the matter.