Dear Sir: I’m pleading with your esteem office and all well meaning Nigerian, to call on UBA plc to refund my 38.961M(with attendant accrued interest) that they illegally deducted from my account from Nov. 2001 to Oct. 2006. In 2001 I secured a dealership agreement with Unilever plc.
This necessitated my opening a current account number 01420364101116 with UBA plc at their 81 Akpakpava road branch Benin City, Edo state. By arrangement UBA plc were to collect value (by debits to my account for Unilever plc and remit proceeds to unilever plc). Employing the unholy method of raising multiple debits for some single unilever invoices, UBA plc ripped off millions of Naria from my account to the extent of forcing the account into debit and destroying my dealership with Unilever plc. Initially when I noticed this anomaly in the account by visual check, I confronted them and they refunded the sum of 20,293,543,54. Still not sure where my trading capital vanished into, I secured the services of J.O. Igbinedion & co (chartered Accountants) to cross match deduction from my account and actually remitted funds to Uniliver plc on my behalf by UBA plc. To my utmost shock and surprise it was discovered that UBA plc was raising multiple debits and had fraudulently removed a total of 38.961M from my account, forcing the account into debit, and ultimately terminating my then prosperous dealership business with Unilever plc.
To resolve this seeming issue, I’ve continuously been shuttling between Benin and UBA office in Lagos- constantly endangering my life. On one of this numerous visits to their 57 Marina office, in company of Mr. Igbinedion the accountant, I was able to extract copy of my statement for the month of March 2006, which hitherto had been withheld from me by the bank staff. From that statement the auditor established illegal deduction of 20,288,411.49 on me by UBA plc. It was then they dim it fit to write me a letter dated 17th July 2009. In that letter, UBA plc claimed that “the debits into your accounts represents invoices received from Unilever plc and the funds were remitted to Unilever plc accordingly”. This claim is completely false as report issued by the firm of chartered accountants showed that a total of 1,346,025,127.74 were paid into my account with UBA plc from 2001 to 2006. Within this same period, UBA plc only remitted a total sum of 1,307,063,466 to Unilever plc leaving an outstanding balance of 38,961,662,03, which suppose to be fund in the account.
The auditor’s final report issued on the 22nd July 2009 was relayed for the personal attention of UBA Plc group managing director. UBA Plc received this through Edo courier waybill No: 49782 on 27/07/2009. A reminder to this letter was hand delivered to UBA plc on 18/10/2009. The report clearly shows that:
1) The 38,961,661M with interest at 19% on monthly rest amount to 150,121M as at 30/11/09.
2) That I did not use the banks money. The purported overdrawn balance of my current account if adjusted for interest (which ought not to have been charged) is about 8M in my favor.
3) The annexure to the 38,961M outstanding fraud showed how much was collected by UBA Plc from each page of the bank statement for the period. Copy of the bank statement fully cross-referenced to the deduction. Copy of the Unilever Plc statement of account to which the various amount received by Unilever Plc on my behalf from UBA Plc were cross-referenced. Also the summary sheet that established the actual amount that UBA plc ought to have collected from my account was 1,307,063,466M. Plus the interest calculation sheet on the 38,961M. (All these had been submitted to UBA Plc without response from them)
Banks are known for trust, honesty and confidentiality, which is why customers entrust fund with them. It was based on this trust on UBA plc as a responsible financial instruction that I opened the current account with them. Anybody would have expected UBA Plc to treat this incident with utmost dispatch as soon as it was notified of this fraud. Who knows how many more persons or firms also suffering this kind of fate like me? Each time I go to UBA Plc to enquire when they will refund my money they keep telling me that they are looking into the matter. For how long will this continue or is UBA Plc waiting for me to die? My business has been destroyed. My estate is about to be sold unless I repay Ecobank Plc soonest, and my health is fast deteriorating. At over 60years my doctor is constantly battling to keep my BP stable. Each day, I’m finding it increasingly very hard to sustain my family and myself-as I’m no longer into any meaningful trading activity due to lack of trading capital. What is my crime in banking with UBA plc? PLEASE HELP ME CALL ON UBA TO REFUND MY MONEY AND ACCRUED INTEREST!!
Yours faithfully
Eddy Onyenweuzo
# 1 Butcher Street
Benin city- Edo state
articleadsbanner
googletag.cmd.push(function() { googletag.display('content1'); });
googletag.cmd.push(function() { googletag.display('comments'); });
googletag.cmd.push(function() { googletag.display('content2'); });