Showing posts from June, 2016

Skye Bank In N7bn Fraud Scandal

Skye Bank Plc is facing one of the toughest fraud cases of all time as one of its clients, Jorotom International Agency Nigeria Limited, is placing a whopping N7billion suit against it.Skye Bank Plc The Timothy Oguntayo-led Skye Bank Plc, might have bitten more than they can chew as the fraudulent allegation is presently rocking its foundation. According to the statement of claims, the plaintiffs-Jorotom and its subsidiary, National Clearing and Forwarding Agency are alleging fraud, excess charges, greed, high handedness, betrayer and large scale scam on the part of Skye bank, and has since sought a legal redress to get its pound of flesh as a result of the monumental racket the bank has perpetrated. Meanwhile some customers who have heard of the suit are apprehensive about saving their money with the financial institution. Some have even opted to withdraw their money as early as Monday, 25 August 2014. Reports suggested that the managing director of the international agency, Joro