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Senator Opeyemi Bamidele denies taking loan from defunct Oceanic, Sterling Banks



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Senator Michael Opeyemi Bamidele, the Chairman, Senate Committee on Judiciary, Human Rights and Legal Matters, has said that he didn’t collect any loan from either defunct Oceanic Bank or Sterling Bank as being rumoured in a section of the media.

The senator representing Ekiti Central on the platform of the All Progressives Congress (APC) made the clarification on Thursday in a statement issued by his media office.

Bamidele said the matter is currently pending before a court of competent jurisdiction and described the media report “as contemptuous of the court”.

He maintained that the whole development was “sponsored, politically motivated and maliciously aimed at maligning my image”

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He said revealed that he had joined Asset Management Company of Nigeria (AMCON) in the pending suit, in his bid to prove that the banks are the ones owing him instead.

“To set the record straight, Sen. Michael Opeyemi Bamidele (M. O.B.) never borrowed money or took any conventional loan from either Oceanic Bank, Sterling Bank or any Bank whatsoever which has become a subject of court litigation as insinuated.

“Neither does he have any large fund with Sterling Bank which a court ordered not to be released to him as maliciously reported.

“He maintained two accounts with Sterling Bank with balances of N25,000 and N7,000 each and both accounts have been dormant for over ten years”

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“It is important to clarify that the case is in respect of a financial transaction way back since 2007 (thirteen years ago) between Sen. Bamidele and Oceanic Bank, which deceived him and many other innocent investors to invest their monies in shares to be managed by the Bank through its subsidiary company called Oceanic Capital.

“The Bank eventually mismanaged the invested funds as well as customers deposits, which, in fact, led to the collapse of the Bank while the shares equally lost value.

” In fact, it is public knowledge that the management of Oceanic Bank faced prosecution for mismanaging investors’ money.

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“Contrary to the attempt by some political gladiators and pseudo online reporters to portray Sen.Bamidele as a debtor, he is proudly joining issues with AMCON in court, through his counter claim, to show that it is Oceanic Bank and its promoters who are owing him money as a good faith investor in the capital market through the mergin facility syndicated by the Bank,” he added.

According to him, the whole scenario is not far-fetched from those masquerading to malign his reputation ahead of the 2022 Ekiti Governorship Election and 2023 Presidential Elections.


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