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

Written by on June 22, 2022

A Magistrate Court sitting in Surulere, Lagos has ordered a new generation to refund the $30,769 it deducted from three businesswomen’s domiciliary and naira accounts.

The businesswomen are: Mrs Adebomi Orogun, Mrs Kehinde Banjo and Mrs Oluwatoyin Ode.

Magistrate Oluwatoyin Otitoju gave the order after hearing the claimants’ application brought under Order 1 Rule 2 of the Magistrates’ Courts Civil Procedure Rules of Lagos State (2009).

In her affidavit in support of the application, the first applicant Mrs Orogun said she recently wanted to transfer money from her Euro account, only to discover that she no longer had access to make any transaction.

“On the 4th of March, 2022, I was shocked to discover that all my accounts (USD, EURO, and Naira) and that of my fellow Claimants with the respondent had been frozen and a ‘post no debit’ order was placed on them,” she said.

Orogun said the bank told her that it had not been deducting the proper commission per transaction on the accounts which only commenced later and which led to her USD account being cleared out.


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