The Office of the Special Central Bank of Nigeria Investigator has turned down a request by the Chairman of Titan Trust Bank Limited, Babatunde Lemo, for rescheduling the December 28, 2023, meeting with investigators till January 7.
While rejecting his request, the investigator told Lemo and other major shareholders of TTB to attend today’s meeting or they may forfeit their shareholding and interests in Titan Trust Bank and Union Bank Nigeria Plc.
The decision of the committee was conveyed in a letter to Lemo dated December 27, 2023, and signed by the Head of Operations, Office of the Special Investigator, Eloho Okpoziakpo, a Deputy Commissioner of Police.
In the letter which was in response to a letter from Lemo’s lawyer seeking a shift of today’s meeting to January, the investigator also turned down a proposal by Lemo that the major shareholders of Titan Trust Bank, Mr Cornelius Vink and Rahul Savara, be given seven days to prove their ownership of TTB and Union Bank of Nigeria or forfeit the shares to the Federal Government.
The Special Investigator, Jim Obazee, had summoned Lemo, a former deputy governor of the Central Bank of Nigeria, in connection with the acquisition of Union Bank of Nigeria Plc by TTB.
The TTB chairman was directed to report to the Department of Force Intelligence opposite the Force headquarters, Shehu Shagari Way, Abuja, on Thursday (today), where he will be grilled by a team of detectives probing the UBN acquisition.
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