That Heritage Bank and HipTV are fighting is an established fact. However, HipTV boss, Ayo Animashaun has cried out…

“The last few days have been interesting, to say the least. The news has been flooded with all kinds of propaganda, but I’d rather talk facts. The fact is, @Officialhiptv has not been taken over by any bank. We are open for business and running our operations as usual.”

“Also, we ARE in court with Heritage Bank and are confident that we will find justice based on the merits of our case. A financial audit revealed that there are almost 200m worth of charges that have been fraudulently debited from our account by the bank.”

“This same bank also debited insurance premiums from our accounts WITHOUT remitting the funds to the Insurance company, resulting in massive losses worth over N500 million, when we experienced a fire incident that should have been covered.”

“We have been in discussions with the bank for 2 years, hoping for a peaceful settlement, but it is clear that this matter must now be escalated to the courts for justice to prevail. In an effort to be civil, courteous and patient, we have ended up victimized and taken advantage of – but we will not be bullied any longer.”

“It is sad that the same institution that claims it wants to work with their customers to create wealth, a name and a heritage, is the same institution now trying to maltreat, defraud and smear the company name and brand we have worked so tirelessly over the years to build. I’d like to thank everyone for their support, encouragement and prayers, and I promise you that Hip TV will not stop fighting this legally, until our name has been cleared and justice is served.”

For those who don’t know, Heritage Bank had declared that it has taken over HipTV…

“Take notice that I, Mr Gani-Gidado Abubaker (Solicitor and Insolvency Practitioner) of 160A Sinari Daranijo Street, Victoria Island, Lagos has been appointed by Heritage Bank Limited as the Receiver/Manager of Smooth Promotions Limited over inter alia, its fixed and floating assets charged as security under the All Assets Debenture Deed dated December 11, 2014 and a Deed of Appointment of the Receiver/Manager dated February 11, 2019 was duly stamped by the Commissioner for Stamp duties filed at the Corporate Affairs Commission, Abuja which issued a letter dated February 26, 2019 that the Deed of Appointment has been filed with it.”

“Notice is hereby given that all the properties comprising but not limited to plants and machineries belonging to Smooth Promotions Limited and falling within the ambit of the receivership have been taken over and are now in firm possession of the Receiver/Manager.”

“All debtors of the company are to pay directly to the Receiver/Manager. Also, all creditors, if any, are to send their proof of claims to the Receiver/Manager within 14 days from date of this publication.”

“All deposits, cash and other Assets and company currently held by banks financial institution, should be held until issuance of further instructions by the Receiver/Manager in accordance with the pre-emptive Orders of Court in Suit No. FHC/L/CS/362/19 pending within the bosom of the Federal High Court, Ikoyi Division.”

“All holders of such deposits should contact the Receiver/Manager stating the balances and where secured facilities are granted, the type of security attached should be disclosed.”