Former Managing Director of now defunct Omega Bank, Segun Agbetuyi, is currently enmeshed in a N233 million naira loan mess.
Information has it that he was dragged to court by the Yemi Adeola-led Sterling Bank for what has been termed unserviced debt.
The whole drama would have been well managed but for a discrepancy between the customer and the bank in terms of the real figures involved.
Presently, Sterling Bank is asking the court to allow it sell off two of Agbetuyi’s properties both located in Lagos state, while the man is holding tight to them.
The properties, Consecrated Farms Limited in Danny Estate Makoko Lagos and a four bedroom detached bungalow in Owutu, Agric, Ikorodu, Lagos State are said to be Agbetuyi’s most prized investments.
Agbetuyi reportedly took a loan of N300 million. He allegedly took a N150 million loan, a N125 million overdraft and N25 million import finance facility. He is said to have paid the N150 million loan, but the unpaid N150 million and the interest accrued totaling a figure of N233 million is said to be the cause of the fracas between bank and customer.
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