Bizman Raises Alarm Over Threat To Life In Ondo

Managing Director of Holyview Investment International Limited, Pastor Babatunde Adebayo, has raised the alarm over threat to his life by some faceless people who called him with foreign-like telephone numbers and sent messages threatening to eliminate him.

He disclosed this on Monday while addressing some journalists in Akure, the Ondo State capital on his experience with the callers.

Adebayo explained how he narrowly escaped from some men in an unmarked vehicle who trailed him to his church.

He called on all security agencies in the state to come to his rescue as the callers were threatening him to vacate his landed property located at Plot 1-18, Alagbaka Extension II, Akure, and his office property at Oke Emeso Street, Akure, Ondo State.

One of the messages sent on his mobile set reads: “You are joking with ur life & ur business but you don’t know. Very soon we shall see if the police, dss & soldiers can protect you in this Akure.”

When asked why he could be target of his tormentors, the businessman, who deals in computer hardware and software, said he could not figure out who was after his life.

He, however, disclosed that he has a matter pending at the appellate court in Lagos which has to do with a N30million loan he got from FundQuest Financial Services Limited to fund a contract award.

According to him, the financial institution got a ruling against him, his company and the Guarantor, Pastor Samson Oluwamodede, General Overseer of Prayer Centre, Akure through who he was introduced to the financial institution for the loan.

Failing to pay back the loan due to inability of the Awarding Bank to credit his account with the sum of N113,600,000.00 (80% of the contract value) FundQuest therefore, on October 15, 2014 dragged him, his company and guarantor to court, demanding repayment of N88, 721, 137.66 being over 190 percent (190%) interest rate per annum as against the agreed 30% interest rate per annum.

In Suit No: LD/7382/14, on July 2, 2015, Justice O.A. Williams of the High Court of Lagos State in the Lagos Judicial Division, Fast Track Commercial Revenue and Mortgage Division, Court No 22, Igbosere, Lagos, ruled in favour of the finance company despite the contentious interest rate.

Subsequently, an enrolment of order was filed by the finance company praying the court to grant it garnishee for payment of N117, 132, 486.21 by Holyview Investment International Limited, which was granted by the same judge, Justice O. A. Williams on 17th day November 2015 bringing the interest rate to over 270 percent (270%) per annum in just 18months.

Adebayo noted that the restructuring paper on the N34,132,748 dated June 28, 2013 and presented before the court by the finance company, which was hiked to N117, 132, 486.21, on 90 percent interest rate contrary to the original 30 percent, was neither signed by him nor his guarantor, yet the court ruled on its paper.

He, however, said he had on November 9, 2017 filed a motion on notice at the Court of Appeal in the Lagos judicial division, sitting in Lagos, challenging the judgement of the lower court with Appeal No. 2017 CA/L/1009M/15 Suit No. LD/7382/14 and was granted on November 13, 2018.

Share the story
_For Advert Placement, Media Consultancy, Anniversary & Birthday Celebrations, kindly contact us:

@ [email protected] Or call: 09060006367

You are also free to call/send what's happening in your environment/area to us through the above contact._

Similar Posts

Leave a Reply