The Special Investigator probing the activities of the Central Bank of Nigeria (CBN) and Other Related Entities, Jim Obazee, has rejected an excuse by the Chairman of Titan Trust Bank Limited, Tunde Lemo, and two others not to appear for interrogation.
The other invitees are the two largest ultimate investors in Titan Trust Bank Limited and Union Bank Plc, Cornelius Vink and Rahul Savara.
Recall that Obazee had given the trio today’s deadline to explain how they owned Titan Trust Bank and sourced $ 500 million to acquire the Union Bank.
But barely 24 hours to their appearance before the Special Investigator in Abuja, they wrote through their lawyer that they would not be able to honour the invitation due to family reasons.
In a letter on Wednesday, Titan Trust Bank and Union Bank Plc (UBN), through their counsel, Gbolahan Elias, asked the Special Investigator to give his clients more time.
Reacting in a letter to the investors, Obazee accused Lemo and the two major investors of alleged obstruction of his assignment.
He threatened to recommend to the CBN to ask the Federal Government to take over the two banks.
