A Nigerian based in the United States of America, Gina Lala Bridgetta, has accused Union Bank of stealing over N500, 000 from her account.
In an accusatory post on social media, Gina revealed that she made a legitimate business transaction that was sent to Nigeria but the bank converted the money without her permission.
Gina who works with the WATW Networking Enterprise group further stated that she has approached the customer care but they proffer solute[ns which they don’t follow through and has gone on for 30 days.
“NIGERIANS WARNING!!! I have a legitimate business transaction that has been sent to Nigeria. UNION BANK has taken my US $ and illegitimately converted it without permission to NAIRA!stealing over 500k! United States bank is fighting to get my funds returned DO NOT BANK THERE
It is a bad banking decision not to let go of a 4k transaction but instead lose customers pulling their money from your bank. @UNIONBANK_NG as soon as you release the money in it’s currency non converted as sent, we will inform the public here! until then I AM TELLING IT!!!”
Some Nigerians have complained that they can no longer access funds in their domiciliary accounts and opined that the Central Bank of Nigeria has started converting funds in these accounts.
However, in September 2021, CBN stated that it had no plans to convert foreign currencies in the domiciliary accounts of customers to Naira.
The circular was titled, “CBN categorically denies, and strongly condemns peddlers of, rumour on domiciliary account holdings”.
The statement read: “The attention of the Central Bank of Nigeria, CBN, has been drawn to a fake circulation, in social media circles, of a circular with a fake CBN logo curiously dated September 13, 2021, and purportedly issued by its Trade and Exchange Department to the effect that all Deposit Money Banks, International Money Transfer Operators, IMTOs, and members of the public are to convert domiciliary account holdings into naira.
“We wish to reiterate that the Bank has not contemplated, and will never contemplate, any such line of action.
“The speculation is a completely false narrative aimed at triggering panic in the foreign exchange market.”
