Bank set to publish Rotimi Amaechi’s name as one of its chronic debtors

– Minister of transportation, Rotimi Amaechi is in the news again

– This time it is his alleged running battle with a new generation bank

– Amaechi is said to have obtained a loan from the bank while he was the governor of Rivers state

If the report by The Brief is anything to go by, then minister of transportation and former governor of Rivers state, Rotimi Amaechi might be swimming in murky waters soon.

According to the report, Amaechi is currently having a running battle over a loan he took from a new generation bank, even as he has threatened to sue the bank.

READ ALSO: Amaechi is fantastically corrupt: President Buhari asked to sack the minister

The report quoted a source who pleaded anonymity, saying Amaechi took the loan to finance his purchase of a priced property on Obafemi Awolowo Way, Ikeja, Lagos.

The report further stated that the N300m loan was used to buy the property from the presidential implementation committee, during the Goodluck Jonathan era, when Mrs Ama Pepple was the minister of housing then. Pepple is from Rivers state.

A dispute reportedly came up between the Lagos state government and the federal government over the property which brought the loan to the fore.

With the bank set to publish a list of its chronic debtors, Amaechi has insisted that his name be taken off the list. The minister was said to have threatened to use the might of his office to punish the bank if his name appears on the list.

The source further stated that the minister is also demanding that the bank wipes off the N300m borrowed, and any interest incurred so far.

Meanwhile, the bank’s management has insisted on going ahead to publish Amaechi’s name alongside others as one of their debtors despite threats from the minister.

The bank’s position is that unless Amaechi fails  to make proper arrangements to service the loan, it will go ahead with the action

Attempts to reach the minister to confirm the report, before publishing proved futile, as several calls placed were not responded to.

READ ALSO: Jonathan is fantastically corrupt: EFCC to arrest OBJ, IBB, Abubakar, Amaechi, others?

Meanwhile, recent reports in the media indicated that Amaechi is having a topsy-turvy relationship with the minister of aviation,  Captain Hadi Sirika, over alleged insubordination from the latter.

The post Bank set to publish Rotimi Amaechi’s name as one of its chronic debtors appeared first on Nigeria News today & Breaking news | Read on NAIJ.COM (Nigerian newspapers).