We are committed to due process, Stanbic breaks silence on mortgaged property sale scandal

Stanbic has finally broken its silence on a case under investigation where seven of its executives are accused of conniving and cheaply selling to themselves a mortgaged property. In a 28th September press statement by management, the bank acknowledges a criminal complaint against some of its employees. “A criminal complaint against some of our employees arising from a property foreclosure process following a consent judgement against one of our clients has been brought to our attention,” the statement reads. Last week, the bank came into the spot light after one of their clients, Macdowel Limited, asked police to investigate circumstances…