BOI Dragged to Court over Alleged Mismanagement of N5.6bn Estate

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Some children of late Lagos socialite, Chief Olatunji Ajisomo Alabi a.k.a Lord Rumens have dragged Bank of Industry, BOI, Investment and Trust Company Ltd before a Lagos court for allegedly mismanaging their father’s N5.6 billion estate.

The children namely Babatunde, Oladipo, Subuola, Awojuola, Rukayat, Olukemi and Adeola Alabi in the suit filed on May 9, 2017 stated that their late father appointed BOI Investment and Trust Company Ltd as trustees of his estate in his will dated July 30, 1996.

The children, however, claimed that since the demise of their father in 1998, BOI Investment and Trust Company has persistently mismanaged his estates and has refused to give proper financial account to them.

Joined in the suit as co-defendant is the managing director of BOI Investment and Trust Company, Mrs Betty Obaseki and the company secretary, Mr. Simon Odomokwu.

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