August 15, 2022



Wema Financial institution clears air on arrest of MD, dud cheque allegation

Wema Financial institution has debunked information making rounds {that a} Justice of the Peace’s Court docket within the Federal Capital Territory (FCT), Abuja, had issued a warrant for the arrest of its Managing Director, Ademola Adebise, in reference to a Garnishee continuing for the fee of a judgement-debt on behalf of the Bayelsa State Authorities.

The financial institution in an announcement stated opposite to the details introduced earlier than Her Worship, Mrs. Elizabeth Jones, the stated set of 5 cheques for the full sum of N50m issued in protest based mostly on pending functions earlier than an Abuja Excessive Court docket then, had been in favor of the Chief Registrar FCT Excessive Court docket, not in favour Barrister. George Haliday who’s now claiming the proceeds of the cheques.

Based on the financial institution, the cheques weren’t signed by Ademola Adebise who had not assumed the place of the Managing Director of the financial institution on the materials time the cheques had been issued in favour of the Chief Registrar.

“Moreover, we wish to state that the 5 cheques issued in protest by our Financial institution weren’t dud cheques as alleged by the complainant. The cheques have solely not been cleared for fee due to the subsisting Enchantment on the Court docket of Enchantment Abuja on the Garnishee continuing which has now been determined in favour of the financial institution.

“It was after Barrister George Haliday misplaced on the Enchantment Court docket that he resorted to a Justice of the Peace Court docket in Abuja to lodge a criticism about issuance of dud cheques. It is vitally worthy of notice that the judgement debt in opposition to Bayelsa State Authorities, which Barrister George Haliday tried to implement by a garnishee continuing, thereby resulting in the issuance of the cheques in query had been settled by Bayelsa State Authorities through a Phrases of Settlement between Barrister. George Haliday and the Bayelsa State Authorities on the Supreme Court docket.

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