
Court Slams Ecobank for Illegal Account Freeze, Awards N5m Damages Warns Banks Against Using Internal Policies to Trample Customer Rights
By Dennis Udoma The Court of Appeal sitting in Owerri has faulted Ecobank Nigeria Limited for unlawfully restricting a customer’s account without a valid court order, awarding N5 million in damages. In a judgment delivered by Justice Ntong Ntong, which