Polaris Bank In Illegal Deductions Mess On Customers’ Domiciliary Accounts
…Businesswomen Drags Bank To Court, Demand N10million Damages Three businesswomen and customers of Polaris Bank have dragged the bank before a Surulere Magistrate Court in Lagos over alleged unjustifiable freezing of their domiciliary and Naira accounts with the bank and subsequent illegal deductions on the said accounts amounting to about $30,769 (USD). The applicants – Mrs. Adebomi Orogun, Mrs. Kehinde Banjo, and Mrs. Oluwatoyin Ode, in an originating application brought pursuant to Order 1 Rule 2 of the Magistrates’ Courts Civil Procedure Rules of Lagos State (2009), accused the bank of freezing their USD (US Dollar), Euro and Naira account with the bank without a valid court order. They said the bank proceeded to make unauthorized deductions from their accounts without any justification whatsoever as there was no time they were accused of engaging in fraudulent activities with the said accounts. In her affidavit in support of the application, the first applicant (Orogun) who mainta...