Court Finds Access Bank Liable for Illegally Blocking Firm’s Account
A Lagos State High Court has held that Access Bank illegally positioned a Post No Debit (PND) order at the debts of Blaid Construction Limited. Consequently, the trial judge, Justice I.O. Harrison (Mrs) ordered the bank to pay the organisation 5 Million for breach of banker/client relationship and failure to give fee to cheques drawn at the organisation’s accounts. In its announcement of declare, the corporation had requested the court to order the bank to pay it N500 million for denying it get right of entry to to its debts. Harrison after reviewing the arguments of the events discovered that Access Bank became in breach of its banker-client relationship and that the company had suffered a loss due to this. The plaintiff had claimed that it had a protracted status banker/customer dating with Access Bank and that by this relationship the bank become obligated to allow it unrestrained access to finances on accounts maintained with the financial institution and that the financial i...