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Know Your Rights==>> Union Bank Ordered To Refund N36Million In Fraudulent Deductions

  If he can do it then you can…..“Union Bank has been ordered to repay a N34 million illegal deduction from a customer’s account. This directive was given by a Lagos High Court presided over by Justice Morenike Obadina.The court based the ruling on a revelation that Union Bank failed to support claims that the N34m […]

Union Bank
Union Bank Building

Union Bank

 


If he can do it then you can…..

“Union Bank has been ordered to repay a N34 million illegal deduction from a customer’s account. This directive was given by a Lagos High Court presided over by Justice Morenike Obadina.

The court based the ruling on a revelation that Union Bank failed to support claims that the N34m deduction were remitted to the Central Bank of Nigeria for “series of foreign transaction between the customer and foreign partners.”

The customer identified as Prince Nwokocha Ezikpe and his company- Felimex Nigeria Limited, instituted the court action against the bank when the Central Bank denied receiving the remittances”.

See Premium Times for more 

Union bank ordered to refund N34m fraudulent deduction from customer’s account




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