Friday, 9 January 2026

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Friday, 9 January 2026

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Tag: Negligence

pension fund remittance
Case Law

COURT RULES ON COMPANY’S LIABILITY FOR WORKPLACE VICTIMISATION OF WHISTLEBLOWER

Introduction Most companies have learnt to incorporate whistleblowing policy as part of their company policies. By this policy, a company may encourage its employees to report incidences of fraud, bribery, corruption and other unethical business practices to the company. This is to safeguard the company from the adverse effects of such practices. As part of […]

UBN HELD LIABLE FOR FAILURE TO REMIT FOREIGN EXCHANGE: LESSONS
Case Law

UBN HELD LIABLE FOR FAILURE TO REMIT FOREIGN EXCHANGE: LESSONS

The Story In 1982, Omni Products (Nig.) Ltd. (“Omni Products”) and Amechi Christopher E’Chukwu (“The Appellants”) applied to and obtained from the Federal Ministry of Finance approvals for the remittance of foreign exchange to their foreign principals, Bekaert International Trade, Belgium. Union Bank of Nigeria Plc (“UBN” or “The Respondent”) was aware of the approvals. […]

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