BUSINESS DAY
The Central Bank special investigator is insisting that Babatunde Lemo, the chairman of Titan Trust Bank; Cornelius Vink, TGI Group boss; along with Rahul Savara must appear before him today or lose their shares in the TTB acquisition of Union Bank deal.
The investigator made this known in a Letter to the trio seen by BusinessDay Thursday.
“I am to further inform you that your invitation to appear before the Special Investigator on 28th December, 2023 by 2pm prompt in respect of the matter under investigation and for which you had earlier made statement, stands,” the letter signed by DCP Eloho Okpoziakpo head of operations, office of the special investigator read.
“Kindly note that the conditions on paragraphs 6 to 8 in our earlier letter to you with reference number CR:3000/TSI/ABJ/VOL 1/69 dated 24th December 2023 remains effective and shall be triggered if you or Messrs Vink and Savara fail to attend the meeting as scheduled.”
Lemo, who is currently abroad celebrating his birthday, received a notice to attend a meeting set for December 28th, 2023, concerning the investigation into the purported ownership of Titan Trust Bank and Union Bank of Nigeria.
However, citing his absence and the failure of Cornelius Vink and Rahul Savara to provide requested ownership documentation, the Investigator’s office has deemed these actions as obstructive to their duties.
Furthermore, the directive emphasizes that documents submitted through proxies will not be accepted, emphasizing the necessity for direct engagement with the involved parties.
Consequently, Lemo has been reminded of his obligation to appear before the Special Investigator on December 28th, 2023, at 2 pm as initially requested. Failure to comply with this summons could trigger further actions as outlined in the previous communication sent to Lemo.
CBN investigator stated, “Consequently. I am to further inform you that your invitation to appear before the Special Investigator on 28th December, 2023 by 2pm prompt in respect of the matter under investigation and for which you had earlier made statement, stands.”
The CBN investigator stressed the seriousness of the matter and reiterated the importance of compliance with the investigation process…
