Skip to main content

First Bank faces ₦4 billion lawsuit for negligence over customer account

The lawsuit revolves around the negligence of First Bank in handling the plaintiffs' accounts.

An Enugu State High Court has adjourned the hearing of a ₦4 billion lawsuit against First Bank of Nigeria Plc to January 16, 2024.

The lawsuit was filed by the Incorporated Trustees of International Vocational Centre (IVC) and Dr Pedro Manuwa, a Non-Governmental Organisation (NGO).

Presided over by Justice Chukwunweike Ogbuabor, the court's decision to postpone the proceedings was prompted by the absence of the defense counsel, Chris Aghanwa.

Maximus Ugwuoke, the Counsel to the Plaintiffs, expressed readiness for the hearing, but Aghanwa, represented by O.C Njoku, informed the court of an emergency, citing a doctor's appointment.

Although expressing dissatisfaction with the delay and its associated costs for the plaintiffs, the defense sought an adjournment.

Despite the request for costs against the defendant, Justice Ogbuabor, in a ruling, granted the adjournment, taking into account the case's first appearance since the court's national assignment.

What the lawsuit is all about

The lawsuit, initiated by the plaintiffs' former counsel, Chikadibia Anosike, revolves around the negligence of First Bank in handling the plaintiffs' accounts.

The IVC maintained two accounts, a current account (2027073629) and a savings account (3091251391) with the bank. Anosike stated that on February 4, 2019, the bank negligently paid one of the beneficiaries ₦150,000 instead of ₦15,000, leading to the return of unpaid cheques.

Alleging instances of negligence, the plaintiffs claimed that individuals colluded with the bank to open an account (3141684991) under the name International Vocational Centre, Niger State chapter.

This account, the plaintiffs argued, has been used to demand and receive money from the public, tarnishing their global image.

Despite complaints to First Bank's Enugu Branch to close the unauthorised account, the plaintiffs asserted that their pleas went unanswered.

They highlighted the adverse impact on their reputation and the loss of funds for developmental projects as donors withdrew sponsorship due to the perceived dubious entity status.

The case is set to resume on January 16, 2024, as the legal battle unfolds between the NGO and First Bank of Nigeria Plc.

ridoola.blogspot.com.ng

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Okpebholo suspends A-G & LG Chair under 3 months over finance dealings

The Edo Government has announced the suspension of Samson Osagie , its Attorney-General and Commissioner for Justice, and Damian Lawani , chairman of the Local Government Service Commission. Mr Musa Ikhilor , Secretary to the State Government (SSG) announced the suspension in a statement in Benin on Thursday morning. ALSO READ: Kano Govt suspend 2 school principals for alleged absenteeism, negligence Ikhilor said the two-state top officials were suspended over allegations of “grave official and financial interactions”. Okpebholo suspends Edo Attorney-General and LG Service Commission Chairman According to him, the suspension, which takes immediate effect, is pending the conclusion of an investigation into the allegations. The SSG said; It is hereby announced for the information of the general public that Gov. Monday Okpebholo has approved the suspension from office of the Chairman of Edo Local Government Service Commission, Damian Lawani and Commissioner for Justice, Samson Os...
Post a Comment
Read more

List of America's one-term presidents & why they were not re-elected

U.S. President Joe Biden becomes the most recent entrant in a list of president who served for only one term. U.S. President Joe Biden announced that he would not be seeking re-election for a second term in the November 5, 2024 elections. Biden, in a statement said that he would be focused on completing his remaining term, endorsing his Vice President Kamala Harris as his most preferred nominee for the Democratic Party to take on former President Donald Trump. Joe Biden endorses Kamala Harris as Democrats' candidate after withdrawing from race [X:@JoeBiden] Biden now joins a list of former U.S. Presidents that only served for one term. John Adams (1797-1801) The second president of the United States, John Adams was a Founding Father who faced significant challenges during his presidency, including conflicts with political adversaries and foreign nations. His support for the Alien and Sedition Acts, perceived as a violation of civil liberties, contributed to his unpopulari...
Post a Comment
Read more

Tinubu appoints MKO Abiola's son, Jamiu as SSA on Linguistics & Foreign Matters

President Bola Tinubu has appointed Jamiu Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters. The appointee is one of the children of the late Chief Moshood Kolawole Abiola , the winner of the 1993 presidential election annulled by General Ibrahim Babangida . According to a statement by Segun Imohiosen , the Director of Information and Public Relations, Office of the Secretary to the Government of the Federation on Wednesday, November 27, 2024, Jamiu's appointment took effect from November 14, 2024. Imohiosen said the appointment aligns with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended. Until his recent deployment, the appointee served as the Special Assistant to the President of Special Duties in the office of the Vice President. Tinubu tasked Jamiu to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new ...
Post a Comment
Read more