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Commenting on the situation, Lateef Omoyemi Akangbe, Partner at the law firm who represents Wilben Trade, said: “Ecobank’s claims that the Central Bank of Nigeria has not launched an investigation is incorrect and we have written proof, directly from the CBN, to the contrary.” “Seeking to pressurise independent media outlets by threatening them with legal action and demanding astronomical sums of money, is a desperate resort to bullying in order to suppress facts.” According to findings, an online media platform, Ripples Nigeria was one of the media houses Ecobank’s lawyers had written demanding that the story be brought down.
Ecobank Nigeria is demanding both an apology and 10 billion naira (approximately $6.25 million USD) in damages The bank has also pressured some media houses who have reported on the story to remove articles and desist from further reporting the matter..
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