Hip TV boss, Ayo Animashaun has accused Heritage bank of fraud, bullying and victimization.
This is coming on the heels of claims from Heritage Bank that it has taken over the brand as a result of an unpaid debt close to N200m.
But in response, Ayo denied the claim that his investment has been taken over by the bank but maintained that the matter is in court.
On his own side of the story, Ayo claimed that Heritage has fraudulently deducted over N200m from his account through illegal charges and also failed to remit money to his insurance company which led to a loss of N500m when fire gutted his TV station some months back.
Here is the full story as written by Ayo Animashaun.
The last few days have been interesting, to say the least. The news has been flooded with all kinds of propaganda, but I’d rather talk facts. The fact is, @Officialhiptv has not been taken over by any bank. We are open for business and running our operations as usual.
Also, we ARE in court with Heritage Bank and are confident that we will find justice based on the merits of our case. A financial audit revealed that there are almost 200m worth of charges that have been fraudulently debited from our account by the bank. This same bank also debited insurance premiums from our accounts WITHOUT remitting the funds to the Insurance company, resulting in massive losses worth over N500 million, when we experienced a fire incident that should have been covered.
We have been in discussions with the bank for 2 years, hoping for a peaceful settlement, but it is clear that this matter must now be escalated to the courts for justice to prevail. In an effort to be civil, courteous and patient, we have ended up victimized and taken advantage of – but we will not be bullied any longer. It is sad that the same institution that claims it wants to work with their customers to create wealth, a name and a heritage, is the same institution now trying to maltreat, defraud and smear the company name and brand we have worked so tirelessly over the years to build. I’d like to thank everyone for their support, encouragement and prayers, and I promise you that Hip TV will not stop fighting this legally, until our name has been cleared and justice is served.