A Federal High Court, Lagos has awarded N50 million damages against Unity Bank plc in favour of Umar Abubakar Kasadiya, owner of Phoenix Security Service and Leasing Limited, whose accounts were unlawfully frozen for over 10 years.
The trial judge, A.O. Faji ruled that the bank violated the fundamental right of the plaintiffs under section 44 of the 1999 Constitution .
Kasadiya had through his counsel, Funmilola Salami, sued the bank and the Inspector General of Police , for freezing his company’s account. The bank explained further that the restriction was placed by the Economic Financial Crimes Commission and there was no court order for that purpose. “I must therefore hold that the restriction without a valid court order is unlawful and a violation of the fundamental rights of the applicants under Section 44 of the constitution.“As regards damages, it is not in doubt that Unity Bank has exhibited high-handedness in this matter and held onto the account of Phoenix Security Services and Leasing Limited since July 16, 2014 – almost 10 years ago.Before flagging, please keep in mind that Disqus does not moderate communities.
In a bid to give back to the alma mater, the 1974 set of Ilesa Grammar School Old Students’ Association, recently donated a well-equipped computer laboratory, comprising 25 units of desktop computers, Internet access, relevant software, and a generating set to the school. The North East Development Commission has distributed crutches, prostheses and wheelchairs to People Living with Disabilities in Borno State.
Umar Abubakar Kasadiya Unity Bank Plc
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