Femi Otedola exposes Zenith Bank CEO for fund misappropriation
Nigerian billionaire businessman Femi Otedola exposes the CEO of Zenith Bank, Jim Ovia, for fund misappropriation after detecting some fraudulent activities in his company's account—Seaforce Shipping Limited. It was reported that an insider tipped off the billionaire that Jim Ovie used the Seaforce Zenith account for his personal interest, and concealed this from Otedola.
The transaction occurred in 2011 but Otedola didn't notice this and innocently continued to bank with Zenith until the cat was let out the bag. Now, the accusations have taken a worse turn after this discovery and Jim Ovia is being called out to explain his side of the story.
Recall that in May 2024, Femi Otedola slammed Zenith Bank with a N100 billion lawsuit for unauthorized deductions and withdrawing his shares without seeking consent. Now, a bigger case has resurfaced and Zenith CEO has more queries to answer.
Femi Otedola sues Zenith bank, demands N100 billion compensation
Femi Otedola sues Zenith Bank, demands N100 billion compensation Nigerian billionaire businessman, Femi Otedola sues Zenith Bank and demands a N100 billion compensation. He personally sued Zenith Bank and also sued them in the name of his companies: Zenon Petroleum and Gas Limited, Seaforce...
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