June 12, 2024

The Claver Magazine

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Industrialist Threatens Court Action Against Access Bank Over Fraudulent Charges, Deductions Of N4.8m From His Account

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Peterclaver Egbochue

An industrialist, Comrade Prince Saviour Iche, has threatened to drag the management of Access Bank Plc to court over what he described as criminal, and unexplained charges/deductions from his account amounting to N4.8 million.

Comrade Iche, who is the National President of the Association of Micro Enterprises of Nigeria, AMEN, issued this threat on Thursday, the 8th of February, 2024 during a peaceful protest he organized at the entrance of one of Access bank branches located in Mushin area of Lagos state where his account is domiciled.

He stated that the management of Access Bank had remained adamant over the issue despite the letters he had written to their headquarters to draw their attention to the alleged sleaze going on in his account.

Other victims of such criminal charges used the opportunity to share their individual experiences and promised to rally support for the rights activist.

Some of the placards read, “ Access Bank, stop stealing our money”, “This is broadday robbery,” and “Access Bank, this is corporate robbery”.

Comrade Iche, who is also the National President of the Ambassadors for Peace and Enlightenment Foundation, AMPEF, further disclosed that effort was ongoing to get the Central Bank of Nigeria, CBN, to stipulate legal charges and to educate the general public on this.

A protest letter was later submited to the branch manager who promised to deliver it to the headquarters of the bank.

According to him, “When I reported this to the management of Access Bank sometime ago, they said that they wanted to have a meeting with me, I asked them to write a letter of intent to have a meeting with me , I will make myself available because this is a company and not me as an individual. They did not write. I came here again to ask them, they said I signed when I was opening the account that some amount of money would be deducted from my account every month, I said I never signed anything and that they should provide the proof where I signed a mandate at my age that they would be deducting certain amount of money from my account and I will sign.

“One man who introduced himself as the regional manager of the bank said that the mandate is on the bank’s flyer and I said If it’s on the bank’s flyer, did you inform me? If you had informed me, I cannot be so foolish to forfeit N70,000 to N90,000 every month to the bank. Even if I don’t need it, I can use it to solve somebody’s problem. I never gave you any mandate, for what?

“And let me tell you something, what Access bank is doing. In your transactions, let’s say you have N200,000.00, if you remove N150,000.00, Access bank will remove N5,000.00, meaning that your balance will be N45,000 instead of N50,000. I can show you the alert now and they do it to everybody, it is a hidden charge and even if you want to close the account, they will not allow you to withdraw that N5,000, they do it to everybody that has an account with them and they never told us at the beginning. And we are saying that htis is stealing and has to stop.

“What I hope to achieve with this protest is to, as a law abiding citizen, and as a civilized person, I will follow it up legally. My legal team has written to Access Bank which was delivered at their headquarters and they replied and said that their internal auditors were looking into the account. We waited for about two months without any reply, my legal team wrote another letter for over three weeks now and they have not replied and that informed this peaceful protest here today to show my displeasure and to perhaps, awaken the management that we cannot wait any longer.

“We have given them 14 days ultimatum after which, my legal team will approach the court. So, I’m voicing out for other Nigerians who do not have a voice like me or the kind of platform I have and to the best of my knowledge, I’m also aware that other banks do the same, that is still under investigation. As for the case of Access Bank, we have investigated them and found them wanting.“