Samuel Adedoyin Challenges NDIC's Report on City Express Bank, Alleges Bias and Defamation
Former chairman of the defunct City Express Bank, Samuel Adedoyin, disputes the Nigerian Deposit Insurance Corporation (NDIC) report on the bank's failure, alleging bias and defamation. Adedoyin's lawyer, O.
Akinrimisi, criticizes NDIC for failing to reflect key court rulings and omitting crucial facts. The Federal High Court invalidated NDIC's debt claims against Adedoyin and his associated companies.
Adedoyin accuses NDIC of disobeying court orders by continuing to dispose of the bank's assets. He denies NDIC's allegations of financial misreporting and insider trading, claiming regulatory incompetence.
The Central Bank of Nigeria's approval of the bank's ownership structure is also highlighted.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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