Businessman and managing director of Ceecon Energy Oil and Gas Limited, Dr. Chima Anyaso who is also the People’s Democratic Party’s, PDP, house or representative’s candidate for the forth coming general election has said that the allegations of fraud against him by GTBank are merely orchestrated to tarnish his image as his company did not defraud GTBank rather the said amount is an accumulation of unverified bank charges by the bank
Based on deposition contained in a preliminary objection filed by the oil and gas tycoon, that the original sum in dispute with GTBank was only 186 million Naira since 2011.
“the imposition of unacceptable and unwarranted charges on the accounts of the Ceecon Energy Oil & Gas Limited led to a serious dispute between the parties as to the exact state of the accounts, and what sum, if any, is outstanding”.
Consequent upon the dispute, GTB contrary to the terms of the Import Finance Facility, unilaterally blocked the credit line granted to the company Ceecon Energy oil and gas Limited despite that the tenure of the said term loan was not due to expire, which act of GTB was designed to cripple and strangulate the business of Ceecon Energy oil & Gas Limited.”
That the allegation is purely a fallout of a debt dispute of N186Million and GTB knows this. There could not have been any diversion of N2Billion anywhere.
There are over four lawsuits over this matter and at no time did GTBANK claim there was a diversion. All the sworn affidavit by GTB since 2012 are there in the record of the various courts and there was never a reference to diversion of funds, fraud or forgery.
At the time GTBANK went to court in 2012 through their lawyers Kemi Balogun & Co. their claim that the sum of N567, 796, 90. (COMPRISING THE SAID N186 MILLION DISPUTE SUM AND ACCUMULATED DEFAULT CHARGES) was what Ceecon owed, when they filed a winding-up proceedings in suit No.FHC/L/CS/787/2012; GUARANTY TRUST BANK PLC V. CEECON ENERGY OIL & GAS LIMITED at the Federal High Court before Hon. Justice Buba and another suit filed by the same GTB at the Federal High Court at Abuja in suit no: FHC/ABJ/CS/64/14; GUARANTY TRUST BANK PLC V. CEECON ENERGY OIL & GAS LIMITED & ANOR over the same subject matter.
What GTB is also not telling the world is that CEECON secured its loan with prime properties and assets valued by GTB’s Valuer at over N4Billion in 2008 and still appreciating. Which places Ceecon as a very SECURED DEBTOR by all standard even as at this date. Title documents to these properties are still with GTBANK.
While an appeal filed by Ceecon Energy Oil & Gas Limited was still pending
On the 23rd of February, 2017, an invitation was received from the IGP’s office to come to Abuja, on the 2nd of March, 2017 based on a petition by GTB that the Company had diverted N1.1Billion of GTB’s money. The Police were shocked to find during interrogation of GTB staff that the claimed sum was an accumulation of interest on the principal sum of N186Million.
“GTB has always known that the alleged debt is disputed because of the unscrupulous banking practices employed by GTB in dealing with Ceecon Energy oil & Gas Limited and Ceecon has continued to insist on a joint reconciliation of the account.
An example of these discrepancies are two demand notices by GTB dated 27th June 2011 stating that Ceecon owes N35,566,000 and yet another Demand Notice by the same GTB dated 25th October 2011 claiming N592,610,102.81 from the same account and the same transaction. Yet GTB bluntly refused a joint reconciliation of the account.
“Based on the above, it is mind boggling and very disturbing that GTB and other detractors would be brandishing such a humongous sum of money as N2BILLION, which diversion could never have been possible in view of the entire chronicle of events” it purely and banker/customer disagreement, Anyaso said.
