A former branch Manager of ECOBANK Mr. Victor Amushie has sued the bank for a total sum of N1.5 billion naira. The matters are in the Federal high Court of Nigeria in Benin City and the high Court of Enugu State. In Benin, he is suing the bank for N500m for illegal arrest and detention while in Enugu he is suing the bank for N1billion for damaging his banking career of over 16 years.

The bank had without any investigation, or requesting any statements from Victor over a loan duly granted by the bank, brought the police who came in ECOBANK official car with EcoBank’s inscription written on it to the bank in Akpakpara branch in Benin City, arrested him and detained him in a cell at Esigie police Division from the 11th day of August, 2014 to the 13th day of August, 2014 without asking him to make any statement whatsoever or granting him access to his lawyer or family and friends.

The suit further states that on the 13th day of August 2014, ECOBANK brought officers of the EFCC to Esigie Police Division who took the him to EFCC office in Lagos. It was only at the EFCC office in Lagos on the fourth day of his arrest that he was shown a petition written by the bank. The Head, media and Publicity of the EFCC, relying on the false accusation/petition and on false details provided by ECOBANK had published on their website that Victor Amushie had granted loan to himself using several names and accounts to the tune of N81m.

The loans were actually approved and granted following all the due processes of the bank from the Head office of the bank. The petition ECOBANK wrote to EFCC further alleged that Victor was on his way out of the country while he was at work on his desk at the time of his arrest.

He was consequently detained by EFCC of a period of 19 days before being released by EFCC when they had interviewed the customers the loans were actually granted to.

The link to the initial story before the bank was sued!
http://www.vanguardngr.com/2014/08/efcc-arrests-former-bank-manager-alleged-n81m-fraud/
Its funny what these banks think they can do!

When they saw they had no case against him they released him and hoped he will go home without a fight

10% tins !

I love cases like this. ECO Bank is in deep poo and must compensate the victim. The victim should also request for a full page public apology on any popular Nigerian Newspaper.

This is good. More of it should be done so that employers do not treat their staffs like trash

MODIFIED

This promises to be interesting...Nigerian banks are sometimes reckless in the way and manner that they treat their staff when the 'cookie crumbles'.

[size=16pt]1.5 BILLION NAIRA...[/size]

Sounds weird

1.5 Billion Serves them right!...they are slower than two snails self.. The way they willl delay you if u enter the bank ehn.. You may end up withdrawing you sin

Hope they pay

na wa

mcdokwe:
Hope they pay

That's it o

good for ecobank. I hope the guy wins the case and gets compensated.

symbianDON:
good for ecobank. I hope the guy wins the case and gets compensated.

Are you in a beef with Ecobank

Imagine, arrest without proper investigation...


And for dos of u that comment seconds after topics hit FP... Se Ibedc Abi Ikedc no dey give una power? Una no dey watch TV? Haba make una allow others do FTC na... Abeg

Incidences like this are very dicey. He should be careful. The bank might want to eliminate him

I think it's time I stop using dis bank

Naija thngs

prince3009:
Incidences like this are very dicey. He should be be careful. The bank might want to eliminate him

Very carefull..

jomile:
I think it's time I stop using dis bank

Funny you

This government seff

lwkmdfh....up EkooonBank

But EcoBank is a good bank na.

Look. My comment is finally on front page. Chelsea, botu why?

ghen ghen

e no concern me o. Provided it doesn't affect the small money wey I get there .