Name: Abraham Ijeogbe Samali

Name: SAMAB INTERNATIONAL CONSULTANCY LTD

Date of Birth: 16 / 6 / 1981

Date Order Starts: 4 / 3 / 2025

Disqualification Length: 8 Years 0 Month(s)

CRO Number: SC625898

Last Known Address: 26 Hackney House,, Clydesdale Way,, , , BELVEDERE,, DA17 6FH

Conduct: On 9 May 2020 Abraham Samali (“Mr Samali”) caused Samab International Consultancy Limited (“SIC”) to apply for a Bounce Back Loan (“BBL”) of £40,000 using overstated turnover figures at a time when he knew or ought to have known that the company was not eligible for the loan, in that: • Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover. • SIC was incorporated 28 March 2019. • Mr Samali states company ceased to trade in March 2020. • On 9 May 2020 SIC applied for and obtained a BBL of £40,000. In the application Mr Samali declared SIC’s turnover as £160,000. The BBL funds were transferred into SIC’s company bank account held with the lender on 11 May 2020. • There is insufficient active and or estimated contracts provided by Mr Samali for projection of company turnover for the BBL to be £160,000. • The company business account bank statements disclose from 21 June 2019 to 13 March 2020, that there were trade/sales activity of £43,804, which would have allowed for a BBL of approximately £10,951. • The company bank statements also disclose from 14 March 2020 to 23 December 2021, when the account was closed, that only one single deposit was made on 1 December 2021 for £500.00. • Mr Samali has said there were no other company bank accounts. • The company accounts for period to 31 March 2021 disclose turnover to 31 March 2020 as £32,480 and period 1 April 2020 to 31 March 2021 as £0. • On 24 January 2023 SIC entered Creditors Voluntary Liquidation with known liabilities of £37,061 which is owed in respect of the BBL. • Mr Samali and the liquidator have agreed repayment of the BBL, of which £13,600 has been paid to date, reducing the liability to £23,461. 

This information is correct as at 12 / 2 / 2025

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