Unity bank faults accusation by Ogun state civil servants of non- remittance investment fund
The Unity Bank has faulted claims of civil servants in Ogun state of diverting the association’s N134 million investment fund domiciled in the bank, stressing that it had carried out all financial transactions with the association in line with the mandate of the group.
Penpushing reports that, the Nigeria’s commercial bank in a statement on Tuesday explained that, going by all available records regarding the account and transactions of the association, there’s completely no wrongdoing on the part of the Bank who acted professionally in the interest of the Association.”
“The attention of the 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 wrongdoing on the part of the Bank who acted professionally in the interest of the Association”,the statement reads
“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 statement posited.
“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 (a) meeting with them last Friday but the people picketing the Bank are merely embarking on a needless smear campaign instead (of) awaiting (the) outcome of the reconciliation process.”
‘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 statement emphasised.
‘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 (of) awaiting (the) outcome of the reconciliation process’, the statement added.
Penpushing also reports that, it is recalled that, members of the Senior Civil Servant of Nigeria (ASCSN) ,Ogu state had earlier embarked on a protest alleging the bank of refusal to move their investment fund to another bank where they got a better deal.
The chairman of the association, Olude Isa-Owolabi argued that the state government had instructed Unity Bank to transfer its fund into another bank account, alleging that the bank refused to send the entire fund, thereby creating a significant shortage of amount from their accounts
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