Business Centrespread Advertising Sues Skye Bank Over Loan Repayment Scandal

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Centrespread Advertising has asked Justice A. M. Lawal of the Federal High Court, Lagos to commit Skye Bank plc for contempt of court following the wrongful inclusion of its name on a list of delinquent borrowers published recently by Skye Bank in some national dailies.

According to the frontline advertising agency, Skye Bank’s latest action was in flagrant disobedience of a subsisting pronouncement of the Court made on 4th July 2016 in suit No: LD/2362GCMW/16 in which Centrespread is challenging Skye Bank’s claim of its continued indebtedness.

Skyebank.jpe

Counsel to Centrespread, Barrister Ademola Adewale, drew the attention of Honourable Justice Lawal to the Skye Bank’s List of Delinquent Borrowers as published in some national dailies last week. He submitted that the inclusion of Centrespread Advertising on the list amounted to contempt of the honourable court which had directed both parties to maintain the status quo ante, pending the determination of the suit in which Centrespread is disputing Skye Bank’s claim of its continued indebtedness.

Centrespread asked the court to declare Skye Bank Nigeria Plc’s wrongful publication of his client’s name as one of their delinquent offenders as a violation of the injunction by the Court of law, and as an attempt to taint its reputable image in the eyes of the public.

Further hearing in the matter was adjourned till March 16th of this year.
 
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