CEO Of Smooths Promotion and Media Entrepreneur Ayo Animashaun, who is the owner of Nigerian Foremost entertainment and lifestyle cable TV station HipTv has dragged Heritage Bank to a federal high court in Lagos over the case of alleged fraud and seizure of HipTv Properties.
Heritage Bank has been reported to have on the 30th March 2019 taken over some properties belonging to Smooth Productions and then appointed one Mr. Gani-Gigado Abubakar, a solicitor and insolvency practitioner, as a manager/receiver of the company. This takeover is due to an alleged indebtedness to the ban on the side of the media company.
Mr.Ayo Animashaun who dislodged the claim in a post on his Instagram page has accused the bank of fraud and that he would not rest until he gets Justice because Heritage Bank is now trying to twist facts to make them appear as the bad guys.
He shared :
Although Smooth Promotions is asking the court for a reverse of N185 million alleged interest rates and follow the initially 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.
HipTv is said to be in loss excessing of N533,927,562 owing to the failure and refusal of Heritage Bank to insure its property against risk, especially that of fire, 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.