Miden Systems Limited and its Managing Director, Dr. Brendan Usoro, have denied claims of exploiting the police and the National Assembly in a debt dispute with Sterling Bank Plc. In a letter signed by Mary Warribo of M.C. Chambers in Abuja, the company asserted that it followed constitutional procedures to seek redress for alleged mismanagement and misappropriation of funds by Sterling Bank.
Miden Systems had previously petitioned the House of Representatives against Sterling Bank, leading to the matter being referred to the House Committee on Public Petitions, which then directed the Inspector-General of Police to investigate. The lawyers clarified that the company never directly indicted Sterling Bank and that the IGP’s investigation relied solely on bank documents and statements provided by Sterling Bank.
While a court ruling on the matter exists, an appeal is pending. The lawyers argued that this does not preclude the simultaneous investigation of the criminal aspects of the transaction by the police, as directed by the House Committee. They emphasized that Miden Systems exercised its constitutional right to utilize established avenues for seeking redress for its grievances and had no direct contact with any members of the Public Petitions Committee.
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