Titan Trust Bank Chairman, Mr. Babatunde Lemo, and two others have been invited by the Special Investigator on CBN, Mr. Jim Osayande Obazee, over the controversial 2022 acquisition of Union Bank of Nigeria.
The other invited shareholders are Mr. Cornelius Vink and Mr. Raul Savara.
Lemo, who was CBN deputy governor between 2004 and 2014, is expected to appear with the shareholders for further grilling on Thursday.
It was learnt that the big stick might be wielded should those invited fail to honour the invitation to enable the investigator to unravel other details on the $ 500 million acquisition of Union Bank by Titan Trust Bank (TTB).
A conglomerate, the Tropical General Investment Group (TGI), on Sunday, said the USD500 million capital used to pay for the transaction was transparent and unimpeachable.
TGI insisted that it is the majority owner of TTB and Union Banks.
Obazee and his team of crack detectives alleged that their findings proved otherwise
