The CEO of popular entertainment TV outfit, Hip TV, Ayo Animashaun has revealed his own side of the conflict between his company and Heritage bank.
In a recent social media post, Animashaun accused Heritage bank of trying to maltreat, defraud and smear the brand name that Hip TV has struggled to build over the years.
While stating that they have been in court with Heritage Bank over the dispute, he denied rumours that a bank has taken over the television outfit.
Animashaun was referring to reports in the media that Heritage Bank on an order of Federal High Court Ikoyi Division, has seized the property of Smooth Promotions Limited, owner of Hip TV over a N185 million debt
According to media reports, the court injunction empowers Heritage Bank to take over all properties, assets including production materials belonging to Mr Animashaun’s Smooth Promotions.
“The last few days have been interesting, to say the least. The news has been flooded with all kinds of propaganda, but i’s rather talk facts. The fact is Hip TV has not been taken over by any bank. We are open for business and we are 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 over N200m 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 N500m.”
Furthermore, he said:
“It is sad that the same institution that claims it wants to work with 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.”
Heritage Bank is yet to make a formal statement on the issue.