The Judge dismissed the suit on the grounds that the CBN and UBA froze the account number 2116708900 domiciled in the UBA in compliance with an order of the court. Delivering judgment in the suit of the aggrieved UBA customer, the Judge held that the fact that CBN obtained an order from the Federal High Court before freezing the account made the action lawful.
In its defence however, the CBN claimed that the account was frozen in the course of investigations into terrorism funding allegations and that an order of court was obtained to freeze the account for 90 days. CBN further claimed that immediately after the order was set aside, the post-no debit restriction placed on the account was lifted.
Source: Law Daily Report (lawdailyreport.net)
Court UBA
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stop sale of firm’s assets, UBA asks court, warns buyersThe United Bank For Africa Plc (UBA) has filed an application to halt the sale of the assets of a construction firm, Borini Prono and Company Nigeria Limited.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Court declares CBN customer regulation constitutionalJustice Nnamdi Dimgba of the Federal High Court, Lagos yesterday struck out a suit filed by one Chris Eke against the Central Bank of Nigeria (CBN) on an allegation that section 6(a) (iv) of the CBN’s Customer Due Diligence Regulation 2023, violated his constitutional right to privacy.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Court strikes out N400m account freezing suit against CBNThe Nation Newspaper Court strikes out N400m account freezing suit against CBN
Source: TheNationNews - 🏆 6. / 69 Read more »
Court dismisses N400m claim against CBNA Federal High Court, Abuja, has dismissed a N400 million suit filed by one Mr. Babatunde Victor Segun, who claimed that his bank account was unlawfully frozen by the Central Bank of Nigeria (CBN) and United Bank of Africa (UBA).
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Court adjourns Akingbola’s N50bn lawsuit against CBNThe Nation Newspaper Court adjourns Akingbola’s N50bn lawsuit against CBN
Source: TheNationNews - 🏆 6. / 69 Read more »
Unpaid judgment debt: Court okays issuance of contempt notice on CBN gov, one otherThe Nation Newspaper Unpaid judgment debt: Court okays issuance of contempt notice on CBN gov, one other
Source: TheNationNews - 🏆 6. / 69 Read more »