News Investigators/ A banks, Mega Microfinance Bank Limited, has actually been dragged before an Abuja High Court for N500 million in damages over supposed deceptive misstatement. The bank was declared to have actually made incorrect claims versus a company, Wetech Industry Limited, in its quote to get credit report on the company from First Central Credit Bureau (FCCB). Wetech, in the fit submitted by its legal representative, Eloka Okoye of the law office of Kehinde and Partners LP, implicated the bank of participating in incorrect misstatement when it declared that the business used to it for credit center. The match, significant CV/4867/2024, was submitted before Justice B. Abubakar being in Apo. Wetech had actually implicated Mega Microfinance Bank, an Abuja-based banks, of informing FCCB that it (Wetech) looked for credit, when it understood that the plaintiff was neither its client nor gotten credit from it. Wetech’s Chief Executive Officer (CEO), Liu Yangxi, specified, in his witness declaration, that the bank, without the understanding and approval of his business, acquired a credit report from the FCCB on Dec. 28, 2023. “The credit report was gotten under the guise that the complaintant (Wetech) got a credit center from the accused (the bank). “The complaintant has never ever, through myself or any other director or representatives looked for a credit center from the offender. “The plaintiff does not have any type of relationship with the accused. “Upon understanding that the accused unlawfully got a credit report versus the plaintiff, the complaintant, through its counsel composed to the offender, asking for the supposed application that demanded its getting the credit report from the FCCB. “Till date, the accused has neither reacted to the complaintant’s letter, nor connected to the plaintiff through any other ways. “The claimant avers that the credit report was acquired under false pretense, owing to the truth that the plaintiff has actually never ever obtained a credit center from the offender. “The complaintant has actually suffered terrific loss due to the actions of the offender versus it,” Yangxi stated. Wetech is for that reason hoping the court to name a few, state that Mega Microfinance’s demand to FCCB for credit report on it (the complaintant) under the guise that it got credit from it (the bank) when in reality, there was no such application for credit total up to deceptive misstatement. It desires the court to state the credit report gotten by the rely on the complaintant, through deceptive misstatement, as unlawfully gotten and for that reason illegal. The plaintiff likewise desires the court to state the bank’s belongings of the credit report without its approval, as illegal, including that the bank needs to be purchased to divulge the individual who advised it to acquire the credit report on the plaintiff. It even more looks for an order granting the amount of N500 million versus the accused as basic damages for unlawfully acquiring and having the credit report versus the plaintiff through deceitful misstatement, to name a few. Justice Abubakar repaired Feb. 13, 2025 for hearing. NAN
Company Files N500m Damages Suit Against Bank Over Alleged Fraud
