Firm battles Zenith Bank over alleged diversion of ₦188m funds

EditorFebruary 7, 202605 mins

A Nigerian law firm has accused Zenith Bank Plc of failing to address an alleged breach by one of its former staff members, who is said to have abused her position to facilitate the diversion of more than N188 million belonging to a long-standing customer, AMSCO Nig. Ltd. The allegation is contained in a formal…

Court orders Zenith Bank to pay N30m damages to customer over fraudulent deductions from account

EditorMarch 19, 2025March 19, 202504 mins

Justice Alexander Owoeye of the Federal High Court in Lagos has ordered Zenith Bank Plc to pay Christomax Concept Limited the sum of N30 million as general and aggravated damages for fraudulently and illegally debiting the firm’s accounts. The plaintiffs, Christomax Concept Limited, Chris Integrated Company Limited, and Mr. Christopher Adayi, filed suit number FHC/L/CS/2039/2024…