The attention of Union Bank of Nigeria Plc (“Union Bank” or
“the Bank”) has been drawn to reports of an alleged court action regarding a
1.6 Billion Naira fraud case involving a staff of Union Bank and other
individuals.
A large portion of the published reports are factually inaccurate
and patently false; therefore, Union Bank seeks to make the following
categorical clarifications:
Union Bank was not defrauded by any syndicate
No staff of Union Bank was involved in any criminal
activities or named in the alleged charge
We understand that the alleged court action may be related to
a legacy case dating back to 2018, in which a criminal suit was brought by the
Police in response to a complaint made by Union Bank’s debt recovery agent
against a defaulting customer.
We urge media outlets of repute to reflect the correct facts
in reporting this matter and avoid any recourse to sensationalism or inaccurate
coverage.
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