Businessman Drags Zenith Bank To EFCC, Presidency Over Unpaid $50 Million Contact Fund

After making the payment, he claimed that he also paid the Procurement Director, a sum of €50,000 to obtain a certificate of legality from the Federal High Court, approving the payment of his money on September 18, 2017.

According to the petitioner, on September 19, 2017, Zenith Bank transferred $50 million to IB International in Amsterdam, Netherland instead of ING Bank Brussels, contrary to the information on their slips and instructions.

On September 20, 2017, a letter of immediate stop order of the transfer of the money to Akinwande was served to Zenith Bank PLC after the money had already been transferred to the Federal Government of Nigeria’s corresponding bank – IB Inter Bank in Amsterdam and not his bank in Belgium based on his instruction.

Subsequently, on November 23, 2017, he received a letter of Credit Advance in his favour amounting to $50 million from IB Inter Bank, Amsterdam and his fund was transferred to his account within 24 hours, but till today he is yet to access the money.

https://worldtopnewsng.com/businessman-drags-zenith-bank-to-efcc-presidency-over-unpaid-50-million-contact-fund/