Tribunal Fine Bank N120m Over Failed Transaction
Inside split decision of di tribunal of two to one, di panel convict di bank for violating di provisions of Section 130(1)(a) of di FCCP Act, 2018 and Section 5(2)(8) and (9) of di Central Bank of Nigeria Regulation on Instant Interbank Electronic Transfers for failing to comply with 10 minutes mandatory timeline for transfers as guided by sections 154 and 155 of di FCCP Act.
Di leading judgement wey dey delivered by Honourable Sola Salako Ajulo, also order di payment of N5 million damages and N1 million cost of filing di petition to di claimant. Dis na after di tribunal see say hin no dey entitled to di N3 million compensation wey hin demand. Also, na as hin fail to prove any injury wey hin suffer as a result of di services of di bank.
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As Tribunal panel convict bank, Honourable Ibrahim Yakubu of di tribunal agree to di verdict. However, di presiding judge, Honourable Chuma Mbonu disagree.
Also, di orders follow petition by one customer, Clement Osuya. Hin challenge di failure of bank on two occasions to transfer di sum of N500,000 from hin IBTC account to another of hin account Access Bank. Dis na money wey hin claim say na for payment of school fees for hin children.
According to am, on September 8, 2022 for Abuja, hin fill out form under NIPS Instant Payment option for a transfer of the sum of N500, 000 to hin Access Bank account. However, di money bin no dey delivered after bank debit am.
In addition, di matter na hin force di man to visit di bank on September 9, 2022 for reversal. Even after hin try again after di reversal, dem debit am again but di money no go.
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