Union Homes Savings And Loans Plc Debunks Alleged Indebtedness To Lanre Olaoluwa

*Says Ex Parte Order Against Company Was Fraudulently Obtained And Has Since Been Set Aside

The Management of Union Homes Savings and Loans Plc debunked a publication credited to one Lanre Olaoluwa on the 23rd of March, 2022, claiming the organization is currently on receivership.

In a statement made available to TheNigeriaLawyer, the management of the financial institution rebutted the claims made in the said publication and clarified that the organisation is not subject to any form or mode of receivership as it is not indebted to the said Lanre.

According to the statement; “This is to notify the general public that Union Homes Savings and Loans Plc is not in receivership and is duly recognised by the Central Bank of Nigeria and all regulators of the banking industry.

According to the statement, the said Lanre fraudulently obtained an Ex Parte Order from the Federal High Court on the 24th of February, 2022 which sought to takeover the premises and management of Union Homes Savings and Loans Plc.

However, upon identifying the fraud behind the Ex Parte application, the said order was reversed and set aside by Hon. Justice Osiagor of the Federal High Court.

The statement urged members of the general public to ignore any claim that the organisation is currently on receivership or is indebted to Lanre Olaoluwa or anyone being represented by him.

“union homes savings and loans plc is not in receivership.

“The general public should note that union homes is not indebted to Lanre Olaoluwa or anyone being fraudulently represented by him and neither is union homes under any form of receivership. the unscrupulous activities of the said Lanre Olaoluwa have been reported to the appropriate authorities for disciplinary actions and prosecution.”