Breaking! Illegal Withdrawal: Polaris Bank Ltd Loses A Court Case

Hon Justice D.A.Onyefulu of High Court 4 ,Awka Judicial Division delivered a landmark judgment today against Polaris Bank Ltd.

In delivering the Judgement ,the Court ordered Polaris Bank Ltd to pay the Plantiff-Comrade Ndubuisi Anaenugwu a total sum of Four Hundred Thousand Naira only(N400,000).The Judgement reads : ‘1.That the withdrawal of N390,000 from Plaintiff Saving Account was unlawful and breach of Trust.2.That  N300,000 be paid to Comrade Ndubuisi Anaenugwu for general damages and N50,000 for breach of trust, another N50,000 for other cost.

The Plaintiff –Comrade Ndubuisi Anaenugwu confirmed to BVI Channel 1 Online that he expected a more severe sanction against Polaris Bank ltd to guide against recurrence as most Banks in Nigeria have gone unethical against the interest of the Banking Public.In a related note ,The Plaintiff Legal Representative-Barr Agozie Mmotoh told our Reporter that his Client has gotten justice at last. However,Polaris Bank’s Lawyer – J.U.Okoroafor of Trulaw could not be reached for his comment.

Comrade Anaenugwu had in 2017 dragged Polaris Bank to court over a fraudulent withdrawal from his savings account domiciled in Awka,Anambra State.

Both Parties have presented their legal argument(s) and expected a favorable judgment.Counsel to the Biafran Activist –A.S Chukwuemeka of Agozie Mmotoh & Co told BVI Channel 1 Online that his Client has a very good case against Polaris Bank Ltd and concluded by saying that she has total confidence in the sanctity of the Court to do justice in the case one way or the other.

However, the Plaintiff –Comrade Ndubuisi Anaenugwu insisted that his case against Polaris Bank Ltd was not about himself but for the sake of justice and to prove to the whole world that there is a price to be paid for negligence and breach of trust mostly when the Custodian of money is involved. Ndubuisi confirmed to the Reporter that he is optimistic that justice will prevail to forestall criminalities from the operators in the Nigeria financial system.

Maureen Reporting for BVI


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