Man sues bank for alleged negligence, diversion of N650,100 covid loan

Yenagoa—A Bayelsan identified as Mr. Aaron Yanate Promise, has through his lawyer, Ebikebuna Aluzu, Esq., filed an action in the suit marked as YHC/52/2022 against Keystone Bank Ltd and Nirsal Microfinance Bank Ltd as the first and second respondents respectively in the High Court of Bayelsa State, sitting in Yenagoa.

This is after the claimant, Yanate Promise became a beneficiary of the Covid-19 Targeted Credit Facility (TCF) loan with the second respondent where the sum of seven hundred thousand naira (₦700,000) was paid into the claimant’s account of with account number 0250928866 domiciled with the second respondent following the claimant’s successful application for the loan.

It was gathered that before the claimant could access the said money, the second respondent (Nirsal Microfinance Bank Ltd) had allegedly diverted the sum of six hundred and fifty-six thousand, one hundred naira (₦656,100) to account number 6026951122 domiciled with the first respondent (Keystone Bank Ltd) without the claimant’s consent.

According to the court processes, the claimant was surprised as he had never operated an account with the first respondent and was surprised to find out that account number 6026951122 domiciled with the first respondent was allegedly opened in the claimant’s name, had the claimants particulars including his passport photograph, and address but not the claimant’s signature.

Promise instituted the suit seeking the sum of seventy-one million, seven hundred thousand naira (₦71,700,000) only in damages.

The matter is fixed for the 31st day of May 2022 by the court.

Leave a Reply

Your email address will not be published. Required fields are marked *


It takes lots of money to inform, educate and entertain audiences, keep a watchful eye on the government as well as promote values that will benefit society through virile journalism.

We therefore request your modest donation to ensure that our news and other content remain freely available and accessible to all netizens.