Ayo Animashaun’s Company Drags Heritage Bank To Court For Fraud

dEmbattled Heritage Bank and Ayo Animuashaun may spend another battle in courts, this is according to leaked court papers, which showed that Ayo’s company, Smooth Promotions is suing Heritage Bank for almost One Billion Naira.

The case which was filed by Kemi Pinheiro LP (SAN), at a Lagos Federal High Court, alleged that Heritage Bank fraudulently deducted insurance premiums from Smooth Promotions account without remitting the money to the insurance company; they also charged interests that were not agreed; and a forensic audit found that almost N200M worth of charges were not correct.

Smooth Promotions had taken a loan from the bank to purchase an OB Van in 2014. The company says Heritage Bank never fully disbursed the funds to them, and they had to borrow money abroad to avoid losing the OB Van. The case is messy, but the court papers are very detailed.

It will be recalled that in the past one year, Heritage Bank has been in the news over different fraudulent acts.

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