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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