BY CALEB AYANSINA

A private company, Citi Stride Ltd, has threatened to institute legal action against a bank  and its officials  should it fail to give  full disclosure of how an  alleged illegal account was opened in its name.

The company also demanded the closure of the account, as well as  N100 million damages.

Sunday Vanguard investigation showed that sometime in September 2011, the bank officials at Mararaba branch, Nasarawa State,  in collaboration with an individual, allegedly opened  an account in the name of the company (Citi Stride Ltd), without recourse to the norm of corporate account opening.

The Managing Director of the company, Prince Omonigho Sadjere, said the individual was  neither a stakeholder or director in his company, but he maintained  and ran account number 1200964734 in his company’s name.