An Ikeja High Court has ordered Diamond Bank Plc to pay a Lagos-based legal practitioner, Adetokunbo Odutola, N25m as damages for unlawfully freezing his bank account.
The suit originally involved three banks as defendants but the first and third defendants settled with the lawyer out of court, leaving Diamond as the remaining defendant. In particular, the lawyer averred that a cheque he issued was rejected by the bank, his practice was financially affected and he had to resort to borrowing"N500,000 to repay N750,000" from a money lender.
It also challenged the claim for N25m on the ground that Odutola"failed to prove any economic loss suffered when his account was placed on Post No Debit".
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