Court orders Access Bank to pay N5m to customer; declares PND order illegal

to pay the sum of N5 million to its customers, Blaid Construction Limited and Blaid Properties, for breach of bank-customer relationship.

She added, however, that the court is well aware of the facts of the case and submission of the counsels. The court said the defendant filed its defence submission in June 2016 while the claimants filed a series of documents, including cheques, solicitors’ letters, among others. In its judgement, the court said the bank “unilaterally restrained” about seven accounts belonging to the claimants and placed post-no-debit alert on the accounts in September 2015 even though a letter by the Independent Corrupt Practices and Other Related Offences Commission letter only referred to two accounts.

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