Popular business blog hatches plot to blackmail Keystone Bank

A popular Nigerian business news blog has been exposed in a recent plot to blackmail one of the fastest growing banks.

The business news blog and its publisher (names withheld), according to information from the bank source, recently hatched the plot to blackmail Keystone Bank Limited and its managing director/CEO, Dr. Obeahon Ohiwerei.

According to the source, the publisher of the blog had contacted Keystone Bank demanding a whopping N40 million to ‘kill’ purported stories “which were discovered to be a fabrication of lies and allegation against the financial institution and its managing director/CEO.”

Information has it that, the publisher of the blog was told point-blank that the bank could not afford such amount of money.

Also, it was learnt that the publisher was undaunted in his plan to obtain from the lender and its leadership, the reason it was said “he quickly brought down his demand from N40 million and pegged his charges down to N15 million,” a negotiation it was said the bank also declined immediately.

Information also revealed that, “the publisher angered that his plot to blackmail the bank was becoming unsuccessful, the publisher threatened to publish the false stories to rubbish the bank and its CEO.”

Another bank source, a staff member who would not want his name in the print, also confirmed the story, saying, “after building its reputation to its present standard, Keystone Bank will not succumb to cheap blackmails or any blackmail for that matter.

“We are waiting for him to make good his threats. I can assure you that the bank will not hesitate to use all legal means to seek redress as a deterrent to other unscrupulous elements out there,” the source said.