.Demands release of audited accounts
.Says funds owed to estate of late founder
Sunday Ehigiator
Financial Trust Group has accused the Nigeria Deposit Insurance Corporation (NDIC) of withholding liquidation surpluses and dividends due to the estate of its late founder, William Olufemi Olateju Ajayi, for more than 30 years following the liquidation of Financial Merchant Bank Limited and Republic Bank Limited in 1994 and 1995, respectively.
The group, in a statement yesterday, condemned what it described as the NDIC’s “prolonged and unwarranted refusal” to account for and release the funds, demanding an immediate settlement of all outstanding entitlements due to the late founder’s estate.
It said the…