Two limited liability companies Sunlek Investment Limited and Sunsteel Industries Limited have slammed N7billion suit on First City Monument bank Plc FCMB over alleged breach of contract.

In a 126 paragraphs of statement of claim accompanied by another 27 paragraphs of a witness sworn to on oath and filed before a Federal high court sitting in Lagos south west Nigeria by a Lagos lawyer Mr. John Olusegun Odubela SAN, the two companies alleged that they operated loan accounts with First City Monument Bank upon which disbursement was made for all letters of credit /loan facility granted to them by the bank for the importation of raw materials.

However, since 23rd May, 2013 when the bank entered into an agreement to grant them loan, and open a loan facility account for them till date, they have not been given the particulars of the loan facility account neither has any statements of account of this loan account been made available to them.


http://www.societygazetteng.com/2020/02/10/adam-nuru-led-fcmb-slammed-with-n7billion-breach-of-contract-suit/