Court orders Polaris Bank to refund $30,769 illegally deducted from customers’ accounts

A magistrate court sitting in Surulere, Lagos has ordered Polaris Bank to refund $30,769 illegally deducted from the domiciliary and Naira accounts of three of its customers.

The order followed an originating application filed by Adebomi Orogun, Kehinde Banjo and Oluwatoyin Ode against the bank for unjustifiable freezing of their accounts and subsequent illegal deductions on the said accounts, a report on The Blog Online detailed.

In her ruling, Magistrate Oluwatoyin Otitoju after reviewing facts presented by the complainants, held that the action of the bank was illegal and void.

“An order of this Honourable Court is hereby made declaring the “post no debit” order placed on the 1st applicant USD, Euro, and Naira accounts and 2nd applicant’s USD and Naira accounts, and 3rd applicant’s USD and Naira accounts by the respondent (Polaris Bank) as illegal,” the court held.

“An order of this Honourable Court is hereby made declaring the…