Court orders UBA to pay N30m, refund $163,592 for unlawful account restriction

The Federal High Court in Abuja has ordered the United Bank for Africa Plc (UBA) to pay N30 million in damages to Micoz Bluelink Enterprise for unlawfully restricting the company’s domiciliary account for more than a year and withdrawing funds without authorisation. Delivering judgment, Justice Peter Lifu also directed the bank to refund $163,592, which

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