ACCRUED INTEREST PAYMENT FROM IBTC BANK

---------- Forwarded message ----------
From: IBTC BANK PLC
Date: 2011/8/5
Subject: ACCRUED INTEREST PAYMENT FROM IBTC BANK
To:


*Head Office Branch*
*I.B.T.C. Place*
*Walter Carrington Crescent*
*P.O.Box 71707 *
*Victoria Island, Lagos.*
* *
*Attention: Beneficiary.*
*Dear Sir,*
* *
*Good day to you.*
* *
*It is with trust and most good faith that I write this message to you. I
wish to solicit your understanding and co-operation in a proposal which I
have carefully analyzed and which will be of mutual benefits to us. My name
is Dr. Steve Martins, Managing Director of IBTC bank Nigeria. Be informed
that the Central Bank of Nigeria (CBN) and Federal ministry of Finance (FMF)
have designated our Bank as one of their reserved paying banks to assist in
offsetting debts owed to Foreign Contractors/Beneficiaries. To this effect
an arrangement was entered into between the Central Bank of Nigeria (CBN),
Federal Ministry of Finance (FMF) and my Bank.*
* *
*This arrangement was made as a result of the problems faced by the apex
bank in respect of incessant claims being made by Contractors and which have
till date remained unsettled. The Apex Bank then designated various Banks to
assist it in its responsibility to the customers who have genuine claim.*
*Consequently, your payment file is among those forwarded to our bank for
effective payment. But due to protocol which occasioned unnecessary delay,
the funds ear marked for the settlement of these claims and lodged in our
bank for over 12 months have accrued some interest which was discovered
during our banking year auditing exercise for the year ended July 29th 2011.
*
* *
*I am writing you primarily to reach a mutual understanding with you to
enable me approve the accumulated interest totaling US$2,500,000.00 for
immediate payment to you, pending the settlement of your original claim. The
Central Bank of Nigeria is not aware of this accrued interest and rather