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Globus Bank Refuses To Account For N204,000 Deduction From Customer’s Account

Madukwe Nwabuisi by Madukwe Nwabuisi
January 28, 2024
in Brand & Business Bite, News Bite
Reading Time: 1 min read
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Globus Bank Refuses To Account For N204,000 Deduction From Customer’s Account

Globus Bank Refuses To Account For N204,000 Deduction From Customer’s Account

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Ali Yunusa, a customer with Globus Bank and resident of Kano State, has narrated how N204,360.21 was deducted from his account without his consent.

On October 27, 2023, Yunusa received an alert from Globus Bank notifying him of the deduction of N204,360.21 from his account. He was shocked and confused, as he had not initiated such a transaction.

In pursuit of answers, Yunusa visited a Globus Bank branch in Kano State.

He then complained to the customer care unit, but they did not provide him with a succinct explanation.

A customer care representative told him the bank knew nothing about how the money was deducted from his account.

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The Corporate Affairs Commission (CAC) has set August 1, 2026, as the deadline for companies to comply with statutory rules governing business letters, warning that violators will face sanctions. In a public notice issued Wednesday, the commission said the enforcement drive is anchored on Sections 304(1) and (2) and 729(1)(c) of the Companies and Allied Matters Act (CAMA) 2020, and covers all companies registered under the Act or any law it replaced. The law requires every company to state on its business letters the current and any former forename or initials and surname of each director, along with the nationality of non-Nigerian directors. Companies must also display their registered name, registration number and registered office address clearly on all business correspondence. “Commencing the 1st day of August 2026, the Commission shall enforce the full application of the requirements of Sections 304(1) & (2) and 729(1)(c) of the Act with respect to company business letters with attendant sanctions for non-compliance,” the CAC said. The commission urged companies to review their letterheads and official correspondence ahead of the deadline, noting that the move is designed to ensure accurate disclosure of director and corporate information while deepening compliance with CAMA 2020. CAC reaffirmed its commitment to transparency, accountability and customer satisfaction as part of efforts to build a more resilient and responsive corporate regulatory environment.

CAC sets Aug. 1 deadline for letterhead compliance

July 9, 2026

Disappointed with the response he was given at the bank, he called the Globus Bank customer phone number provided on the bank’s website without success.

Later on, he sent them an email but he did not get his desired response from them.

“I sent them (Globus Bank) an email, but they have not given me any feedback. I visited a branch in Kano times and again, but the customer care would always tell me they did not understand the issue”, Yunusa revealed.

When FIJ media contacted Globus Bank via their email address on January 26, a representative said, “Please be informed that we cannot disclose any information of our customer to a third party. However, Kindly engage our customer to reach out to us to enable us assist further.”

In view of this, the said customer has tried to reach out to Globus Bank as regards the unaccounted-for deduction from his account…

Madukwe B. Nwabuisi
Madukwe Nwabuisi

Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.

Tags: Globus Bank Refuses To Account For N204000 Deduction From Customer’s Account

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