Unity Bank In The Mud Over Alleged Diversion Of N134m Funds

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Unity Bank In The Mud Over Alleged Diversion Of N134m Funds-Brand Spur Nigeria
Unity Bank In The Mud Over Alleged Diversion Of N134m Funds-Brand Spur Nigeria

Civil servants in Ogun stormed a branch of Unity Bank in Abeokuta to protest the alleged diversion of their N134million investment fund.

The workers, under the aegis of the Association of Senior Civil Servants of Nigeria, Ogun State on Monday marched to the Ita-Eko branch of Unity Bank to make known their complaints.

With placards in their hands, the aggrieved senior civil servants said: “Funds Not Safe In Unity Bank,” “Unity Bank Stole Our Money”, “No Refund, No Retreat, No Surrender.”

Unity Bank In The Mud Over Alleged Diversion Of N134m Funds-Brand Spur Nigeria
Unity Bank In The Mud Over Alleged Diversion Of N134m Funds-Brand Spur Nigeria

Speaking on behalf of the association, the State Chairman, Comrade Olude Isa Owolabi, members had instructed the bank to transfer their investments into another bank account, saying, however, that sent a lesser amount of what it was told to move into another account.

Unity Bank In The Mud Over Alleged Diversion Of N134m Funds

“Sometimes last year, we got an emergency call that Unity Bank, Abeokuta branch is defrauding customers and because we are a union that is proactive, we rose to the occasion and instructed Unity bank to transfer some amount of money from our Investment account to another account.

“Unfortunately, Unity Bank transferred lesser the amount we were expecting and we had a shortage of significant amount from our account.

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Unity Bank In The Mud Over Alleged Diversion Of N134m Funds-Brand Spur Nigeria
Unity Bank In The Mud Over Alleged Diversion Of N134m Funds-Brand Spur Nigeria

“We have interacted with them many times, we have contacted them, we have written several letters, not less than six or seven and Unity bank did not respond.

“The issue started as early as February this year and as we speak, they have not returned our money to us. We cannot continue to wait for Unity bank to be free. They have admitted that they have defrauded us. Records are there to show that in our office. They admitted that the money is there and they will transfer as soon as possible. Since then, we have not heard anything from Unity bank”, he stated

According to Owolabi, the association’s investments fund was N134million, while a sum of N80million had been transferred to the association, leaving a balance of about an N54million.

As of the time of filing this report, Unity Bank management is yet to release an official statement on the matter.