Ayo Animashaun is a Nigerian entertainment mogul; he owns Hip TV and his company is engaged in an ongoing legal battle with Heritage Bank of Nigeria over fraud and debt issues.
Nigeriatunes gathered that Heritage Bank
Heritage Bank is planning to takeover Hip TV due to failure to meet its debt obligations, but Hip TV is countersuing for 200 million Naira in illegal Charges and other damages.
He also claimed that the Bank charged and debited insurance money fee his company’s bank account for insurance coverage but they failed to pay the money to the insurance company. As a result, Hip TV suffered over 500 million Naira loss when the company’s property was engulfed in flames.
He also claimed that the Bank charged and debited insurance money fee his company’s bank account for insurance coverage but they failed to pay the money to the insurance company. As a result, HipTv suffered over 500 million Naira loss when the company’s property was engulfed in flames.
“The last few days have been interesting, to say the least. The news has been flooded with all kinds of propaganda, but I’d rather talk facts. The fact is, @Officialhiptv has not been taken over by any bank. We are open for business and running our operations as usual.
Also, we ARE in court with Heritage Bank and are confident that we will find justice based on the merits of our case. A financial audit revealed that there is almost 200m worth of charges that have been fraudulently debited from our account by the bank. This same bank also debited insurance premiums from our accounts WITHOUT remitting the funds to the Insurance company, resulting in massive losses worth over N500 million, when we experienced a fire incident that should have been covered.
We have been in discussions with the bank for 2 years, hoping for a peaceful settlement, but it is clear that this matter must now be escalated to the courts for justice to prevail. In an effort to be civil, courteous and patient, we have ended up victimized and taken advantage of – but we will not be bullied any longer. It is sad that the same institution that claims it wants to work with their customers to create wealth, a name and heritage, is the same institution now trying to maltreat, defraud and smear the company name and brand we have worked so tirelessly over the years to build. I’d like to thank everyone for their support, encouragement, and prayers, and I promise you that Hip TV will not stop fighting this legally until our name has been cleared and justice is served. #heritagebullybank #probeyourbank#bullybank “, Ayo shared on his Social Media page.
The case is still in court and Heritage Bank did not make any statement about the case.