Authoritative sources within Zenith Bank have confirmed that billionaire businessman, Femi Otedola, and the Chairman of Zenith Bank PLc, Mr Jim Ovia, have successfully settled their disagreement out of court.
It was however gathered that the two businessmen agreed to resolve the matter amicably, so as not to jeopardise their years of harmonious business and personal relationships. The out-of-court settlement was a sequel to the dismissal of the case by the court on Thursday, June 13, following an application for withdrawal by Otedola
While the terms of the resolution remain confidential, sources privy to the development hinted that the businessmen embraced alternative dispute resolution so both parties could preserve their professional relationship and continue to grow their respective ventures. …CONTINUE READINGÂ
The decision of Femi Otedola and Jim Ovia to settle the recently uncovered fraud at Zenith Bank plc, out of court takes away the opportunity to know more about fraudulent deals that are run by the powers that be in Zenith Bank plc.
Nigerian banks continue to rob customers at will, especially the unsuspecting customers.