During the course of the hearing
FCMB’s own documents have exposed that FCMB diverted ₦250 million from its
customer’s account, and then having done this;
1.
had the brazen cheek to complain to
the customer that it was now overdrawn by more than the agreed limit of ₦200 million,
charged extortionate interest in excess of ₦69 million on the resulting
overdraft (all of the ₦69 million in interest was accrued in under a year),
further debited the customer over ₦113 million in bogus charges arising from
unauthorised and illegal Bankers Acceptance instruments initiated by the bank
and then not content with this;
2.
placed the customer in receivership
when the customer disputed the bank’s demands that the customer should “repay”
over ₦465 million!
