Monday 10 June 2013

I wish you all the best! Man sues Diamond Bank over alleged illegal deduction


An Osogbo High Court has granted a seven-day extension to Diamond Bank Plc to file its defence over an allegation that the bank “tampered” with the account of an Osogbo-based businessman, Mr Oluwamayowa Iseyemi, without his knowledge, consent and authority.
The mogul has dragged the bank to court over alleged illegal and untoward act of bank deduction he described as cheating and inhuman and prayed the court to help him right all wrongs committed by the bank.
Iseyemi, who stated that he applied for a personal loan of N3 million from the osogbo branch of the bank in February, 2009 in a statement of claims, said he has been enjoying credit facilities of the bank but alleged that “I have started to pay back the loan when, in 2011,,I “discovered a lot of manipulations by the defendants in my account.”

The plaintiff explained that “the loan was granted on February 23rd 2009 via a letter with reference number: SGB/FD/AO/ AA/23/02/2009.” ”I obtained the services of an accounting firm, Messrs Gbenga Olaleye and Co Chartered Accountants to audit the contentious account”, the plaintiff said In the 18-point statement of his claim.
He stated that the audit report by the accounting firm revealed that the bank had charged 25 per cent as interest on the loan instead of 23 per cent stipulated by the Central Bank of Nigeria.
Isayemi is now seeking N25 million as special and general damages in a writ of summons made available to Sunday Mirror in Osogbo at the weekend. At the last sitting of the court, Justice Adeyinka Aderibigbe granted a seven-day extension to Diamond Bank Plc to file its defence.

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