A statement of claim filed by a Lagos-based lawyer, Oluwafemi Atoyebi, Unity Bank alleged that the board of Tompolo's company had, on 14th November 2014, voted to authorize Muhaabix Global Services Limited to borrow the sums of Euro 8,382,921.00, Euro 282,924.006 and N500,000,000 from Unity Bank Plc to fund letters of credit for the importation of the two dredgers and their spare parts. The suit states that Unity Bank granted the ex- militant's firm all the requested credit.
In addition, Tompolo's company also undertook to deposit the balance of its contractual earnings from NIMASA over the phase 1 and 2 dredging and sand filling contracts with Unity Bank.
The bank further stated that it had suffered huge financial losses and damages as a result of Tompolo's company's violation of the loan agreements.
The presiding judge, Oluremi Oguntoyinbo, has adjourned the case till April 12, 2017, for a mention.
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