The Group managing Director of Skye Bank, Mr. Kehinde Durosinmi Etti has been committed to prison over contempt charges by a Federal High Court In Lagos.
Gistmaster.com gathered that problem for the Skye Bank MD started when he disobeyed a order of the court in a case involving Desange Nigeria Limited and the Nigeria Custom Service.
Desange won a case against the Nigeria Customs in 2010.The court ordered Customs to pay Desange but it didn’t, so the company applied for an order to garnishee the account of customs in five different banks namely Zenith Bank,GTBANK, Sterling Bank,Skye Bank and UBA.
While the other banks complied with the court directive to pay the judgment sum, Skye Bank defied.Attempt by the Durosinmi-Etti led bank to get an objection to the garnishee proceeding was thrown out by the court as lacking in merit.
Eventually, Skye Bank decided to issue a cheque to the tune of about N11 million (Eleven Million Naira) but when the company presented the same cheque it was not honoured by the bank.
The directors of Desange were infuriated by this act and they applied to the court to commit Durosimi- Etti should be commuted to prison. The court accepted their prayer. Justice Archibong also said the Skye Bank MD should pay N5 million and also remain in prison until he is ready to make amends.
Others listed in the contemptuous case include the Chairman of Skye Bank , Chief (Mrs.) Morenikeji Onasanya and other directors of the bank such as Timothy Oguntayo Abimbola Izu, Gbenga Ademulegan, Dotun Adeniyi, Amaka Onwugbalu, and Ibiye.
In his reaction, Kayode Akinyemi, Head of corporate affairs of Skye Bank said the case is already before an appeal court so the Federal High Court has no power to entertain the case anymore.