February 23, 2025
Polaris MD

…Declares bank’s action as unlawful, void

A Magistrate Court sitting in Surulere area of Lagos has ordered Polaris Bank to refund the illegal deductions made on domiciliary and Naira accounts of three businesswomen with the bank to the tune of $30,769 (USD).

The businesswomen – Mrs. Adebomi Orogun, Mrs. Kehinde Banjo, and Mrs. Oluwatoyin Ode had filed an originating application before the court against the bank over unjustifiable freezing of their accounts and subsequent illegal deductions on the said accounts.

In an application brought pursuant to Order 1 Rule 2 of the Magistrates’ Courts Civil Procedure Rules of Lagos State (2009), the businesswomen narrated how their USD (US Dollar), Euro, and Naira accounts were frozen by the bank without a valid court order.

They said the bank proceeded to make unauthorized deductions from their accounts without any justification whatsoever as there was no time they were accused of engaging in fraudulent activities with the said accounts.

In her affidavit in support of the application, the first applicant (Orogun) who maintained USD, Euro, and Naira accounts with Polaris Bank, said the bank usually deducts the requisite commission after every transaction she made.

According to her, “I regularly transact on my Euro account with the bank. I recently wanted to transfer money with my Euro account, only to discover that I no longer have access to make any transaction.

“I also discovered that there was no available balance left in my USD account. I was confused and had to make an inquiry with the bank to know the reason why I no longer have access to my Euro account and why my USD account was cleared out. However, I was informed by the Bank that they had not been deducting the proper commission per transaction on my account which they only commence later and ultimately led to my USD account being cleared out.

“This action carried out by the Bank was done entirely without recourse to me, who believed that all due commissions had been deducted and I had enough balance to plan my life with. On the 4th of March, 2022, I was shocked to discover that all my accounts (USD, EURO, and Naira) with the respondent (Polaris Bank) had been frozen and a post no debit order was placed on them.”

Orogun said she was neither informed nor given a satisfactory reason for the cruel act by the respondent, adding: “I did not engage in any fraudulent activity nor have I been officially accused of same by the bank. Hence, the freezing and placing of a post no debit on my accounts was totally unnecessary.”

She said the actions of the respondent greatly disrupted her business activities and also subjected her to financial cruelty with no hope as to when her accounts would be unfrozen.

“The actions of the respondent have also caused financial distress due to my inability to complete pending transactions,” she averred.

The other applicants also deposed to affidavits containing similar facts.

The bank failed to neither show up nor present any evidence to counter the claim of the applicants, while after reviewing the facts of the case, Magistrate Oluwatoyin Otitoju 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.

“An order of this Honourable Court is hereby made declaring the unauthorized deductions from the 1st applicant’s USD account, 2nd applicant’s USD account, and 3rd applicant’s USD account as illegal and void.

“An order of this Honourable Court is hereby made directing the respondent to revert the applicants’ accounts back to status quo as of 17th January 2022,” the court held.

 

717 thoughts on “Court Orders Polaris Bank to refund $30,769 illegally deducted from customers’ domiciliary accounts”

  1. Specjalnie dla komfortu wszystkich użytkowników została zrealizowana możliwość tworzenia listy wybranych slotów, aby móc otrzymywać do nich szybki dostęp. Wypróbujcie swoje szczęście, korzystając z tego licencjonowanego softu!

    Reply

  4. I think this is among the so much vital info for me. And i’m happy reading your article. But wanna remark on few common issues, The site style is wonderful, the articles is really excellent : D. Just right job, cheers

    Reply

  9. Great blog here! Additionally your website rather a lot up very fast! What host are you the usage of? Can I get your associate link for your host? I desire my website loaded up as fast as yours lol

    Reply

  58. Sweet blog! I found it while browsing on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thank you

    Reply

  102. 247-restoration.ca 24/7 Service Across the GTA Professional assistance is just a phone call away – 24 hours a day, 7 days a week. When a property suffers damage from fire, flood, sewage backup, or environmental contaminants such as mould or asbestos, a swift response is essential to preventing further harm and expediting the restoration process.

    Reply

  112. I was referred to this web site by my cousin. I’m not sure who has written this post, but you’ve really identified my problem. You’re wonderful! Thanks!

    Reply

  122. Aw, this was a very nice post. In idea I wish to put in writing like this moreover taking time and precise effort to make an excellent article! I procrastinate alot and by no means seem to get something done.

    Reply

  126. While this issue can vexed most people, my thought is that there has to be a middle or common ground that we all can find. I do value that you’ve added pertinent and sound commentary here though. Thank you!

    Reply

  128. Hey, I simply hopped over to your website by way of StumbleUpon. No longer one thing I’d normally learn, but I preferred your thoughts none the less. Thanks for making one thing worth reading.

    Reply

  136. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your rss feed and I hope you write again soon!

    Reply

  139. 24/7 Service Across the GTA Professional assistance is just a phone call away – 24 hours a day, 7 days a week. When a property suffers damage from fire, flood, sewage backup, or environmental contaminants such as mould or asbestos, a swift response is essential to preventing further harm and expediting the restoration process.

    Reply

  150. Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but other than that, this is wonderful blog. A great read. I’ll certainly be back.

    Reply

  151. fantastic post, very informative. I wonder why more of the ther experts in the field do not break it down like this. You should continue your writing. I am confident, you have a great readers’ base already!

    Reply

  153. Amazing! Your site has quite a few comment posts. How did you get all of these bloggers to look at your site I’m envious! I’m still studying all about posting articles on the net. I’m going to view pages on your website to get a better understanding how to attract more people. Thank you!

    Reply

  159. Can I just say what a relief to seek out someone who actually knows what theyre speaking about on the internet. You positively know find out how to bring a problem to mild and make it important. Extra individuals have to read this and perceive this side of the story. I cant believe youre not more in style because you positively have the gift.

    Reply

  196. it is a really nice point of view. I usually meet people who rather say what they suppose others want to hear. Good and well written! I will come back to your site for sure!

    Reply

  200. Wow, amazing blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your site is great, as well as the content!

    Reply

  264. Παρέχουμε αξιολογήσεις για τα κορυφαία ελληνικά διαδικτυακά καζίνο, επικεντρωνόμενοι σε ποικιλία παιχνιδιών, εμπειρία χρήστη και ασφάλεια. Τα live καζίνο προσφέρουν μια καθηλωτική εμπειρία με ζωντανούς ντίλερ, παρόμοια με τα παραδοσιακά καζίνο, εξασφαλίζοντας την καλύτερη επιλογή για χρήστες, εξασφαλίζοντας συμβατότητα με κινητές συσκευές και αξιόπιστη υποστήριξη πελατών.

    Reply

  310. Thanks pertaining to discussing the following superb written content on your site. I ran into it on the search engines. I will check back again if you publish extra aricles.

    Reply

  327. This blog post is excellent, probably because of how well the subject was developed. I like some of the comments too though I could prefer we all stay on the subject in order add value to the subject!

    Reply

  335. Kasyna na całym świecie próbują przyciągnąć graczy różnymi sposobami, w tym oferując bonusy bez depozytu, jak darmowe spiny bez depozytu za rejestrację. Free spiny to obroty bębnami, podczas których nie jest pobierana gotówka z salda gracza. Aby nie ponosić strat, kasyna wprowadziły wymagania związane z obrotem wygraną z bonusów bez depozytu. Darmowe spiny bez depozytu za rejestrację są alternatywą do bonusów gotówkowych, które daje kasyno online za rejestrację. W tym tekście przejrzymy się szczegółowo wszystkim kwestiom związanym z darmowymi spinami bez depozytu.

    Reply

  356. Com uma ampla seleção de jogos, apostas esportivas, esports e apostas em esportes virtuais, a plataforma oferece um catálogo premium de uma marca licenciada e confiável. Confiança, inteligência e lealdade são os pilares que sustentam a Mostbet Casino, que ainda proporciona bônus e promoções exclusivas, métodos de pagamento locais reconhecidos e ferramentas para um jogo responsável. Isso fortalece a reputação da Mostbet Casino como uma opção segura e de confiança. Acesse o cassino ao vivo e aproveite uma das experiências mais imersivas, com uma variedade de jogos e dicas sobre como jogar Mostbet Portugal.

    Reply

  392. Witaj na oficjalnej stronie kasyna online Slottica Polska, które oferuje gry z polską walutą! To idealne miejsce dla tych, którzy chcą miło spędzić czas wolny, relaksując się i zanurzając w świat ekscytującej rozgrywki. Slottica to wiodące, licencjonowane kasyno, które zdobyło popularność wśród graczy od momentu uruchomienia w 2019 roku. To wszystko zasługa naszej atrakcyjnej oferty i hojnego programu bonusowego. Kluczowym elementem, który ułatwia wygrywanie znaczących sum pieniężnych w Slottica Kasyno, jest dostępność gier wyłącznie od topowych producentów. Użytkownicy wyrażają zadowolenie z możliwości sprawnej realizacji wypłat wysokich wygranych, co jest możliwe dzięki szerokiemu spektrum powszechnie akceptowanych metod płatności na terenie Polski.

    Reply

  441. Great post. I was checking constantly this blog and I’m impressed! Very useful info specifically the last part 🙂 I care for such info much. I was looking for this certain information for a very long time. Thank you and good luck.

    Reply

  446. Kasyno i zakłady bukmacherskie MostBet zostały założone w 2009 roku i od tego czasu marka ta zdobyła silną pozycję oraz dużą popularność w branży hazardowej na całym świecie. MostBet to doskonałe połączenie zakładów sportowych oraz gier hazardowych online. Za marką stoi firma Venson LTD, której siedziba mieści się w Nikozji na Cyprze. Działalność kasyna jest regulowana licencją wydaną przez władze Curacao. Kluczowe informacje dotyczące Mostbet com zostały zaprezentowane w poniższej tabeli.

    Reply

  467. PaysafeCard is suitable for secure and anonymous transactions. In our updated list for July 2024, we have compiled five of the best casinos that accept PaysafeCard. We will also review this payment method and provide alternatives for withdrawals. PaysafeCard is a popular choice for players who prefer not to share bank details online. The payment method offers prepaid cards that offer simplicity and anonymity. We have created a ranking of the five best PaysafeCard casinos. The platforms we selected are safe and allow you to make deposits with prepaid cards. In addition, we took into account their licence and reliability.

    Reply

  474. Şansınızı başka yerde aramayın! Türkiye’nin en kazançlı bahis sitesi Jojobet Casino, sizi kazananlar arasında görmek istiyor! Hemen şimdi Jojobet TR üye olun ve her gün sınırsız miktar ve sayıda para çekme fırsatıyla kazancınızı artırmaya başlayın.

    Reply

  482. These kind of posts are always inspiring and I prefer to read quality content so I happy to find many good point here in the post. writing is simply wonderful! thank you for the post

    Reply

  512. Sorry, to use this website follow the following steps: Email : support@pepetabets Email : support@pepetabets Reload the page to experience the site. Registered: 1 month, 2 weeks ago Dial *100#, select the “Manage my account’ option, then follow with the “Registration status” option. You should shortly get an SMS with your registration status. If the status does not show any active registration, you are welcome to change that by going to the closest Airtel shop (alt. Airtel Money or dealer shop) with proper identification. Please keep in mind that your identification should be of the type that can serve as a legal ID (e.g. Kenyan citizens can provide either an original identity card, a valid passport, a birth certificate, or a service card of Kenya Defense Forces). To engage in the exhilarating experience of Aviator on Pepeta, a process tailored for both fledgling participants and veteran aficionados awaits. Embark upon your Aviator escapade by adhering to these meticulously outlined steps:
    https://www.escolaviolaoparatodos.com.br/2025/02/05/aviator-aviator-live-play-predictions-and-you-can-signals-can-they-help-you-win/
    Winning in Aviator requires a combination of strategy, discipline, and a bit of luck. While the outcomes in Aviator are determined by a Random Number Generator (RNG), making it impossible to predict results accurately, there are several strategies players can use to manage their bets and improve their chances. Here, we’ll outline some popular approaches and tactics. We recommend testing any strategy in demo mode first to avoid unnecessary losses. With this single bet strategy, you can bet any amount. However, the player should have a sufficient bankroll. You need to study the statistics of the previous multipliers and bet only if you are sure the plane will not fly away before passing the x2 point. Players should always stick to the rules of this strategy and only cash out at this multiplier. This will bring a profit of 100% while being in the medium-risk range.

    Reply

  562. Just want to say what a great blog you got here!I’ve been around for quite a lot of time, but finally decided to show my appreciation of your work!

    Reply

  583. Great blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my website loaded up as fast as yours lol

    Reply

  612. This is really interesting, You’re a very skilled blogger. I have joined your feed and look forward to seeking more of your great post. Also, I’ve shared your web site in my social networks!

    Reply

  628. fantastic post, very informative. I wonder why more of the ther experts in the field do not break it down like this. You should continue your writing. I am confident, you have a great readers’ base already!

    Reply

  640. Nice read, I just passed this onto a colleague who was doing some research on that. And he just bought me lunch as I found it for him smile Therefore let me rephrase that: Thank you for lunch!

    Reply

  643. Good day! This is my first comment here so I just wanted to give a quick shout out and say I really enjoy reading through your articles. Can you recommend any other blogs/websites/forums that cover the same subjects? Thanks a lot!

    Reply

  665. Nice blog. Could someone with little experience do it, and add updates without messing it up? Good information on here, very informative.

    Reply

  668. Wow, amazing blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is wonderful, let alone the content!

    Reply

  679. The post is absolutely great! Lots of great info and inspiration, both of which we all need! Also like to admire the time and effort you put into your blog and detailed information you offer! I will bookmark your website!

    Reply

  713. Unquestionably believe that which you said. Your favorite reason seemed to be on the net the easiest thing to be aware of. I say to you, I certainly get annoyed while people consider worries that they plainly don’t know about. You managed to hit the nail on the head. Will probably be back to get more. Thanks

    Reply

  717. Los usuarios de iPhone tienen la ventaja de encontrar la aplicación 1win Balloon directamente en la App Store. Simplemente busca “Balloon 1win” y descarga la aplicación oficial. Una vez descargada e instalada, puedes registrarte o iniciar sesión y comenzar a jugar. 1win Balloon llegó al mercado en 2019 y es propiedad del proveedor Smartsoft. Desde entonces, Balloon se ha convertido en uno de los juegos de casino más populares. El juego es muy diferente de las tragamonedas clásicas y otros juegos de casino. Y más parecido a juegos de choque como Aviator o JetX. Gracias a las rondas rápidas y dinámicas, el juego se desarrolla sin problemas, ¡mientras los usuarios consiguen grandes ganancias! Cuidamos de nuestros clientes y les garantizamos una seguridad total, que se consigue mediante una fuerte encriptación SSL de 128 bits.
    http://weebbestparhe1979.raidersfanteamshop.com/home-page
    El juego Balloon Crash presenta un tema visual sencillo pero de alta calidad. Al iniciar el juego, te da la bienvenida un claro globo amarillo de alta resolución en el centro de la pantalla. Los gráficos son nítidos y visualmente atractivos, complementados por animaciones suaves que mejoran la experiencia general. Este diseño minimalista asegura un entorno libre de distracciones, permitiendo a los jugadores sumergirse completamente en el juego sin elementos innecesarios. Run: left and right arrows A and D button joypad or buttons Traduce “Word Balloon” a tu idioma. Si estás buscando emociones fuertes en el mundo de los casinos en línea de Colombia, ¡no puedes perderte la demo de Balloon! Este emocionante juego ofrece una experiencia única que combina la emoción de los juegos de casino con la diversión de los juegos de fiesta. Prueba tu suerte y experimenta la emoción de ganar en algunos de los mejores casinos en línea de Colombia. No te arrepentirás de darle una oportunidad a la demo de Balloon. ¡Anímate a probarlo y descubre por qué tantos jugadores en Colombia están enloqueciendo con este juego!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News

Power-supply

Improve your service before demanding more money, Sokoto Government tells KAEDCO

February 23, 2025 4
Clark

Atiku wants Edwin Clark immortalized 

February 22, 2025 25