Business & Economy / Metro

UBA Dragged To Court Over Illegal Charges

A limited liability company, Citygate Global Investment Limited, has instituted a suit before a Federal High Court, Lagos, against the United Bank for Africa (UBA) Plc, over alleged Illegal charges.


The applicant, who claimed to have registered with Security and Exchange Commission (SEC), in a suit marked FHC/L/CS/407/2017, is seeking a court order mandating UBA to refund the sum of N3. 450 million, being the penalty of the alleged sum illegally excess and charges, award for general damages, and litigation cost incurred respectively.


The applicant also want a court to order mandating UBA to Pat 21 percent on all monetary sought from the date of filing the suit till judgement, at the rate of six percent from the date of judgement till final liquidation.

READ MORE ATUBA Dragged To Court Over Illegal Charges


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