Categories: Business & Brands

ASCSN Transaction: Unity Bank Acted With Authority Of Customer

The attention of the Unity Bank has been drawn to the action of Association of Senior Civil Servant of Nigeria (ASCSN) in Abeokuta.

Going by all available records regarding the ASCSN account and transactions, Unity Bank hereby states that there’s completely no wrong doing on the part of the Bank who acted professionally in the interest of the Association.

Till date, the Bank has thus carried out all financial transactions in line with the mandate, instructions and authority of the customer (ie the Association of Senior Civil Servant of Nigeria).

Until proven otherwise, the Bank can therefore not be held liable for any complaints of ASCSN since the instructions for the transfer of the sum of money totalling N54.8m were duly authorised by the association.

The Bank, in carrying out the transactions sent sms notifications as well as rendered periodic account statements of the financial activity on the account.

The Bank wishes to advise members of ASCSN to await the outcome of the reconciliation to determine if the mandate upon which the Bank acted fails to tally with the authorised signatories submitted by the association.

The CBN is aware of the issues and we held meeting with them last Friday but the people picketing the Bank are merely embarking on a needless smear campaign instead awaiting outcome of the reconciliation process.

Angela Davies

Recent Posts

How Tech Can Tackle Food Security Challenges In Nigeria

Nigeria's agricultural sector has long been a significant contributor to national growth, with the potential…

11 hours ago

Police Identify Officer Who Shot Man Dead During Fuel Queue Tumult In Lagos

Police has identified the officer who shot a man dead during a fuel queue tumult in Lagos.…

22 hours ago

Nigerian Extradited From Malaysia Convicted For $6.3m Wire Fraud In Us

A federal jury in New Haven, Connecticut, Wednesday, convicted an extradited Nigerian, Okechukwu Osuji, for…

22 hours ago

How Finidi Beat Amuneke, Others To Clinch Super Eagles Coaching Job

How Finidi beat Amuneke and others to clinch the Super Eagles coaching job has emerged.…

23 hours ago

Police Arrest Suspected Mastermind Of Abuja-Kaduna Train Attack, Others

Police have arrested a suspected mastermind of Abuja-Kaduna train attack and others.   Glamtush reports…

1 day ago

Naira Abuse: Cubana Chief Priest And EFCC Opt For Out-Of-Court Settlement

Cubana Chief Priest and the EFCC have opted for an out-of-court settlement over his naira…

1 day ago