Court tells bank to return N3.38m in excess charges to customer
A High Court in Imo State has ordered Fidelity Bank Plc to refund a large sum to Ifeco Communications Limited for excess charges. The court, presided over by Justice J. M. Njaka, found that the bank wrongly deducted fees from the company's account. The judgment followed a dispute involving audit reports and claims of unauthorized withdrawals. The court dismissed the bank’s counter-claim, siding with the plaintiffs.
What we know
- Ifeco Communications Limited and Pretoria City Hotel and Resort Limited sued Fidelity Bank Plc over excess deductions.
- The court ordered Fidelity Bank Plc to pay N327,905,965 for excess charges and N10,000,000 in damages.
- The judge accepted the audit reports presented by the plaintiffs as reliable and credible.
- The court found that the bank failed to provide sufficient evidence to support its claims.
- The bank’s counter-claim was dismissed due to lack of proof.
