In the on-going war between businessman Ayo Animashaun, owner of Hip TV, and Nigerian financial institution, Heritage Bank Plc, details have now emerged that the bank allegedly seized properties belonging to the business man.

According to a document sighted by Lailasnews.com, the bank had on the 30th March 2019 taken over some properties belonging to Smooth Productions and and then appointed one Mr Gani-Gigado Abubakar, a solicitor and insolvency practitioner, as a manager/receiver of the company.

Smooth Productions belonging to Mr Animashaun, according to the document, could have been seized from the businessman over an alleged indebtedness to the ban.

Animashaun had earlier today released a statement on an alleged breach of contract on the side of the bank and then he also wrote that he had filed a suit against the bank at a Federal High Court.

Smooth Promotions is asking the court to reverse over N185 million in alleged interest rates over and above the agreed interest rate and other entries inputted into its account as at February 2017.These charges were revealed by an independent audit of the company’s accounts stretching back to 2013.

According to the court papers, the company says it lost in excess of N533,927,562 owing to the failure and refusal of Heritage Bank to insure its property against risk like fire, and or provide information to Smooth Promotions as to insurance on its property following a fire incident on November 6, 2017, despite debiting Smooth Promotions for the insurance premium.

The case, filed by Kemi Pinheiro LP, alleges that Heritage Bank fraudulently deducted insurance premium from Smooth Promotions’ account without remitting the money to the insurance company; charged interests that were not agreed; and a forensic audit found that almost N200 million worth of charges were not correct, Theyesng.com reports.

Smooth Promotions’ Executive Director, Adeseun Kolawole-Oyeneye says the company will pursue all available legal means to seek redress.

https://lailasnews.com/ayo-animashaun-vs-heritage-bank-bank-seized-hip-tv-ceos-properties/

lalasticlala

Banks are always swift to take over properties but usually quick to release statements of denials, rebuttals and confusion as in the case of Innoson V GTBank 2019...

Now I wish innoman deal appropriately with the bank..

daddytime:
Banks are always swift to take over properties but usually quick to release statements of denials, rebuttals and confusion as in the case of Innoson V GTBank 2019...

Now I wish innoman deal appropriately with the bank..

BAba i have read, reread and even repositioned my phone and i still don't understand the point you are trying to pass...





I build websites and I am based in Abuja, see my signature

I build websites and I am based in Abuja, see my signature

Banks are meant to support Entrepreneurs and encourage business growth but it seems Nigerian banks are only good at "illegal" deductions......

Borrow money from Nigerian banks, at your peril......

.

Guess another case of GTB Vs Innoson loading.

Naija banks no dey gree


Innosson should seize gtb hq

they have come calling, and like wolves they will devour. That's what our banks are good at fear them

Good development!
Deal up HipTv n sue the MF!

Interesting days ahead

Saraki

Majority of our banks are criminal house, always over charge their customers, I pray he wins the case against the bank.......just as the case of innoson vs Gtb.

Good for Him.. Meanwhile, we sell imported pizza from America. Contact us on 08123070***..

donvicky2007:
Majority of our banks are criminal house, always over charge their customers, I pray he wins the case against the bank.......just as the case of innoson vs Gtb.

and when the bank sacks 1000 people, you will still blame Buhari.

Why not pray Justice and Fairness is done instead of taking sides

tstx:



BAba i have read, reread and even repositioned my phone and i still don't understand the point you are trying to pass...





I build websites and I am based in Abuja, see my signature

I build websites and I am based in Abuja, see my signature

Bro, no be lie.

No b today we know say naija banks na scam




Last year I made a deposit into my fidelity account after months of the account being empty, the next day my msg tone was just going off none stop on my phone, I checked n saw dat d bank has debited me 950 naira instead of the usual 50 naira for alert fee. I was so upset but due to my busy schedule I kept postponing my visit to the bank until I eventually got over it

Saraki is a crook so i don’t expect the company he owns to be better

Strange.

I would have thought they had a smooth relationship owing to the fact that HB sponsored (or part sponsored) one or two of the Headies.

Nigerian Banks and indeed bankers are mostly scammers. Imagine, they realize there's good inflow and activity, then they devise devious ways to skim off monies.

Not confirmed but I heard from the grapevine that Dangote has a team of accountants just to monitor charges on the slew of the group's accounts in order to forestall such sharp practices.

EmagNig:
Smooth Promotions is asking the court to reverse over N185 million in alleged interest rates over and above the agreed interest rate and other entries inputted into its account as at February 2017.These charges were revealed by an independent audit of the company’s accounts stretching back to 2013.

According to the court papers, the company says it lost in excess of N533,927,562 owing to the failure and refusal of Heritage Bank to insure its property against risk like fire, and or provide information to Smooth Promotions as to insurance on its property following a fire incident on November 6, 2017, despite debiting Smooth Promotions for the insurance premium.

The case, filed by Kemi Pinheiro LP, alleges that Heritage Bank fraudulently deducted insurance premium from Smooth Promotions’ account without remitting the money to the insurance company; charged interests that were not agreed; and a forensic audit found that almost N200 million worth of charges were not correct, Theyesng.com reports.

Smooth Promotions’ Executive Director, Adeseun Kolawole-Oyeneye says the company will pursue all available legal means to seek redress.

https://lailasnews.com/ayo-animashaun-vs-heritage-bank-bank-seized-hip-tv-ceos-properties/

lalasticlala

AntiWailer:


and when the bank sacks 1000 people, you will still blame Buhari.

Why not pray Justice and Fairness is done instead of taking sides

With all the highlighted areas what evidence do you need again, do you think a company will carryout forensic and independent audit on its account without the bank been on the know how.

Las las naija bank na scam.


Don't forget to contact us for your giftcards and bitcoin bruh.

Giving pple loans at 18 to 22% is criminal. The business climate is too harsh also. Banks know u wont be able to pay and they charge all manner of late payment charges

Afonjas love to owe. See GT bank. No shame at all

Aiiit nobody more gangster than a bank,you can't win bro.

You deposits 10k for your savings account after two months balance go be like 8k fear naija bank soon people will start withdrawing from them

Hiptv just like TSTV came with so much hype come fall boys hand.

that's why I support bro Innoson's move against GTB

Instead of me to borrow money from bank, I'll rather srtart small

soberdrunk:
Banks are meant to support Entrepreneurs and encourage business growth but it seems Nigerian banks are only good at "illegal" deductions......

Do you people even realize that the loans/finance that banks give are OTHER PEOPLE’S MONEY?!

Accordingly, when you don’t pay back your loans, it is my and Mama Bisi’s deposits in the bank that is being put at risk. So banks can “support” and “encourage business growth” all day and night, so long as they are darn sure (or most likely sure) to get the monies repaid - which is difficult enough in Nigeria without a reliable national identification system nor a credit checking and/or credit history verification system, but is compounded by the Nigerian perchance (even culture) of entitlement wrt other people’s money. Try lending your buddy or cousin a little bit of cash and see how difficult is often is to be repaid (especially when they believe you have even just one naira more than they do).

Ghen Ghen

bluecircle470:
Saraki is a crook so i don’t expect the company he owns to be better

Saraki does NOT own Heritage Bank.

The restored banking license of Societe Generale (SGBN) was bought from the CBN by core investor IEI Investments, the investment vehicle of IEI Insurance Plc, a publicly-traded and listed company on the Nigerian Stock Exchange.