This began with the accusations made to Sterling Bank by OHHA Microfinance Bank’s lawyers, Festus Keyamo Chambers. Dated 20 February and jointly signed by Messrs B.I Dakum and John Ainetor, the letter stated that OHHA Microfinance Bank operates two fixed deposit accounts (No. 514/1152051/74/0 Deal Ref. Slip No. DD No. 0138058 and No. 514/11520505/1/74/1 Deal Ref. Slip No. DD No.0133059) with Sterling Bank.
The two accounts stated have been operated for many years and contain a deposit of N219million. The report said the microfinance lender was worked by Mr. Oliver Anidiobi, manager of Sterling Bank Market Road branch, Enugu State, who also doubles as its account manager.

While the accounts were in performance, OHHA Microfinance Bank said it exchanged many letters with Sterling Bank.
In each of its response, OHHA Microfinance Bank added, Sterling Bank confirmed the existence of the accounts and informed that the microfinance bank's investment would be gathered over at Sterling Bank's prevailing money market rate.

However, OHHA Microfinance Bank explained that when it instructed Sterling Bank to terminate the fixed deposit and credit its current account on maturity with all the principal and accrued interest, the latter refused.

This made OHHA Microfinance Bank to briefed O. A. Omotayo and Associates, a law firm, which made the very same demands.
Sterling Bank, added OHHA Microfinance Bank, admitted that the presence of the accounts but denied the existence of any given deposit investment.

Source: http://aderonkebamidele.com/sterling-bank-and-customer-tussle-out-n219-million-fraud/