Sterling Bank Limited has petitioned the Inspector General of Police (IGP) to address alleged fraudulent and malicious schemes of Miden Systems Ltd and its director, Dr. Brendan Innocent Usoro, who it accused of using the National Assembly and the Police Force CID to harass the bank in a blatant bid to defy and evade compliance with a binding court-ordered debt settlement.
According to a statement by the bank, signed by its Chief Marketing Officer, Maurice Igugu, Sterling condemned these actions as a direct assault on judicial authority and the core principles of justice and reaffirms its commitment to holding the debtors fully accountable.
According to the bank, on October 18, 2021, the Federal High Court issued a decisive ruling that established the debtor’s liability and mandated adherence to agreed settlement terms. Despite the unambiguous nature of this judgment and the debtor’s acknowledgment of substantial outstanding debt, Miden Systems Ltd and Dr. Usoro have engaged in a calculated campaign of non-compliance.
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The bank raised concerns about the abuse of the office of the Police Force CID and the National Assembly by individuals seeking to evade their financial and legal responsibilities.
The statement reads, “Usoro has exploited political connections to obstruct justice, and individuals allegedly acting on his behalf, along with the Nigerian Police, have resorted to intimidation and personal harassment of Sterling Bank’s executives.”
“Sterling remains steadfast in protecting its reputation, and the interests of its customers, asserting that the debtor’s actions have caused some financial harm.
“Consequently, the Bank has sought the intervention of the IGP to address these issues and ensure justice prevails.”