₦airaland Forum

HeatSeeker:
Smh. Please go and read my comment again.

I no dey read

mascot87:
Read to understand and stop acting ignorant at people's comments if you don't understand

Stop acting I too sabi, read mine to understand what I was referring to

Maybe the documents are missing, hence the technical delay.

oluwaseyi0:
UBA has lost the document and people involved has retired or left

Wahala for whoever is handling this now

Or they've sold it or made it into one of their branches! Lawless nation, lawless institutions

oluwaseyi0:
UBA has lost the document and people involved has retired or left

Wahala for whoever is handling this now

The bank's predicament is accurately pinpointed by you.

But the bank should go further by confessing their negligence to the customer, and thereafter profer legal solution to the problem.

Just imagine those who couldn't afford the stress and finance in pushing their love ones business deal with banks,also imagine those who have died without their families knowing of one or two business deals , account with funds and all that...

Since 2001 ? And you were writing yeye letters since and now instituting pre-action notices 25 years later ? Seems Mr Oloyede still has possession of the property and collects rent just that the originals are not with him . It doesnt make sense for someone to wait that long unless they have peace that they still control the property .

Nigeria is a crime scene and the powerful corporations will always take advantage of others to forge ahead . It also happens abroad but there are still measures of repercussions except in nigeria . Saw a video where a bank through a SAN changed the judgement of the Supreme Court on a matter involving them . Be careful when taking loans from bank whether you have financial discipline or not .

OlujobaSamuel:
Yes, according to the report, he defaulted in 1999, but cleared it all in 2001

No, you're mistaken in your interpretation.
That loan facility given to him in 1990 was open to him to use till 1999, which he would no longer have access to it. That's why the report says it expired in August 1999 meaning he no longer has access to that loan facility for that amount of which he has fully completed the repayment as at 2001 and the facility liquidated. That means he is no longer indebted to the bank.


I'll also add that even if a customer defaults in repayment and the bank still goes and deduct from that account and still holds on to the collateral, then its a criminal offence.

Note that loans are taken from source once money enters the individuals' account and not necessarily the individual coming to pay directly that loan.

Houseontherock1:
Or they've sold it or made it into one of their branches! Lawless nation, lawless institutions

Read first to understand

The house is fully with the owner, the problem is the house documents

Just like every landlord he still collects his rents

oluwaseyi0:
UBA has lost the document and people involved has retired or left

Wahala for whoever is handling this now

Work is continuous whether they retired or not......

Let the property document be returned to the owners and pay damages for withholding the document for over 25 years unlawfully

Lamasta:
Work is continuous whether they retired or not......

Let the property document be returned to the owners and pay damages for withholding the docents for over 25 years unlawfully

They surely don't have the documents again nor know its whereabouts

HeatSeeker:
Did he at any point default on the repayment of the overdraft?!

This is the thing with these loan apps. Once your BVN enters the list of loan defaulters, there's a good chance it might never be removed. Even if you repay the loan and the interests on it. They will simply forget it there.

👀

HeatSeeker:
Did he at any point default on the repayment of the overdraft?!

This is the thing with these loan apps. Once your BVN enters the list of loan defaulters, there's a good chance it might never be removed. Even if you repay the loan and the interests on it. They will simply forget it there.

🤔 Hmmm

HeatSeeker:
Did he at any point default on the repayment of the overdraft?!

This is the thing with these loan apps. Once your BVN enters the list of loan defaulters, there's a good chance it might never be removed. Even if you repay the loan and the interests on it. They will simply forget it there.

🙆

HeatSeeker:
Did he at any point default on the repayment of the overdraft?!

This is the thing with these loan apps. Once your BVN enters the list of loan defaulters, there's a good chance it might never be removed. Even if you repay the loan and the interests on it. They will simply forget it there.

🙆

Procashtips:
Na this kind news VDM like to hear

UBA go respond ASAP.

But he couldn't solve his mother's own with GTB

bixton:
No, you're mistaken in your interpretation.
That loan facility given to him in 1990 was open to him to use till 1999, which he would no longer have access to it. That's why the report says it expired in August 1999 meaning he no longer has access to that loan facility for that amount of which he has fully completed the repayment as at 2001 and the facility liquidated. That means he is no longer indebted to the bank.


I'll also add that even if a customer defaults in repayment and the bank still goes and deduct from that account and still holds on to the collateral, then its a criminal offence.

Note that loans are taken from source once money enters the individuals' account and not necessarily the individual coming to pay directly that loan.

Overdraft is typically a year max, so for him to clear it in 2001 if opened in till 99, means there was default, however, you are right that the bank is guilty for holding on to his document

dgr8truth:
This situation isn’t just about one man’s property documents — it speaks to a much bigger trust problem between banks and their customers.

When a bank holds onto someone’s collateral 25 years after the debt was fully repaid, and then ignores repeated visits, letters, and enquiries without any clear explanation, it undermines confidence in the banking system. A bank’s core promise to its customers is security, transparency, and respect for contractual obligations. When those basic expectations aren’t met, it makes ordinary people question whether they can trust financial institutions with their money and important documents.

Customers need to feel assured that once they fulfill their obligations, the bank will fulfill its own. The longer the bank avoids a clear resolution — especially after decades of silence — the more it fuels suspicions of incompetence, indifference, or lack of accountability. That’s bad for corporate reputation, bad for customer confidence, and ultimately weakens trust in the entire financial sector. A simple, prompt, and transparent resolution here would go a long way toward maintaining the credibility of the institution involved.

ChatGPT

Nairalander248:
Who is this one?

Was BVN used in 1990s? Even when he finished payment in 2001, BVN was not used...

BVN started in 2015

Guy make una dey calm down before una tackle person. He only use that as an example

mascot87:
Read to understand and stop acting ignorant at people's comments if you don't understand

Don't mind him

HeatSeeker:
Did he at any point default on the repayment of the overdraft?!

This is the thing with these loan apps. Once your BVN enters the list of loan defaulters, there's a good chance it might never be removed. Even if you repay the loan and the interests on it. They will simply forget it there.

Are you for real, did you read to just comment. Hmmmmmmmmmmmm na wa ooooo
Go school, go school, Una go say school na scam

femi4:
See the year he got the facility

He obtained an overdraft facility from UBA in 1990.

I m sure he's still owing UBA

if he's still owing the bank after such long period I think the bank should and would have said so and not remain silent... This is strange.

femi4:
See the year he got the facility

He obtained an overdraft facility from UBA in 1990.

I m sure he's still owing UBA

You are sure?

loluagunloye09:
Are you for real, did you read to just comment. Hmmmmmmmmmmmm na wa ooooo
Go school, go school, Una go say school na scam

Wetin this one dey talk biko?

oluwaseyi0:
UBA has lost the document and people involved has retired or left

Wahala for whoever is handling this now

Totally agree with you that wahala for whoever is handling this.
I remember handling a sticky legacy issue like this in a bank I wouldn't mention.
The day I resigned, it was as if the heaviest load was lifted off my head and a wicked yoke yanked off my shoulders.

Charlie2020:
But he couldn't solve his mother's own with GTB

You be learner.

Go ask GTB how far.

Na big case be this ooo he should sue them and cash out big if the man gets all backup evidence available, na big cash out case

Newsextra014:
https://fij.ng/article/uba-holds-on-to-businessmans-property-as-collateral-25-years-after-he-settled-n100000-loan/

oluwaseyi0:
UBA has lost the document and people involved has retired or left

Wahala for whoever is handling this now

You just say my mind aswear😂😂😂