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Nairaland Forum / Nairaland / General / Business / Otedola, Zenith Bank Opt For Out-of-court Settlement (13802 Views)
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Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by descartes400: 9:35am On Jun 17 |
Kobicove: Zenith bank knows very well that in the end, they will pay more than what Otedola is asking for, and with those responsible facing possible jail terms. 3 Likes |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by Abbeyme: 9:37am On Jun 17 |
Big man, big money, big talk |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by Elzazzi: 9:50am On Jun 17 |
OriOko88: No need of court sef. Na cell the poor man go sleep tire |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by IamtheTruth1(m): 9:56am On Jun 17 |
Islie: Imagine if it was just a manager who was doing all these.. trust me. He would in kirikiri with denied bail. Is this not a fraudulent case? Is Nigeria constitution only for the poor? 1 Like |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by Connoisseur(m): 10:13am On Jun 17 |
This out of court settlement is because of the player (F.ote$) involved. If it were to be someone like us, they will drag the matter for years, hire the most expensive SANs to intimidate and bamboozle the court to submission. One day, I am going to win my case against Access Bank and FCMB🙏 1 Like |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by BigIyanga: 10:30am On Jun 17 |
The fact that Otedola owed Zenith N39bn/N150 fx rate at that time =$260m… and AMCON used our funds to pay off this huge debt should be worrisome to us… Socialized losses for the wealthy while we tell the poor that Naija is too poor to pay for their: food, medicine, fuel, education. 1 Like |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by taobudao(m): 11:01am On Jun 17 |
The worst thing to happen to a citizen of Nigeria is to be poor and commit a crime. In the realm of riches, crimes are settled out of the court. Eg Cubana Chief Priest and EFCC |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by CrownedPhoenix: 11:32am On Jun 17 |
BigIyanga: When AMCON buys off these bad debts, what does it do with them? Pardon the lay question |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by BigIyanga: 12:43pm On Jun 17 |
CrownedPhoenix:Try to recover and sell their assets if any… lol. Remember companies are treated like humans in business and law. All the ‘assets’ of zenon ltd might be leased from holding co or sister co owned or offshored by Otedola..highly unlikely to seize and sell all those assets… So Nigeria writes off those bad loans/debts..😂😂😂 |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by Indifferent12: 6:09pm On Jun 17 |
BigIyanga:I think some zenon assets are now own by zenith bank? |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by BigIyanga: 6:34pm On Jun 17 |
Indifferent12:Not knowledgeable about this debt recovery case.. Off course, bankers and their lawyers are more smarter than most borrowers…Zenith would have required Zenon to stake some of their assets as collateral.. This case seems like Zeno over-valued their assets… while Zenith under-valued them during recovery proceedings😂😂 |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by MasterTeeUSA: 10:55pm On Jun 17 |
you will have to deal with the Attorney General not the person...Fraud is a felony in the US..and by someone who should know better means he will be gone for a long time. Curious345: |
Re: Otedola, Zenith Bank Opt For Out-of-court Settlement by PropertyBanker(f): 1:13pm On Jun 18 |
Oh yes! JohnnA1: 1 Like |
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