Court orders UBA to pay ₦30m for unlawful account restriction A Federal High Court in Abuja has ordered United Bank for Africa (UBA) to pay ₦30 million in damages to a company, Micoz Bluelink Enterprise, for illegally restricting its account for over a year. The court also mandated the bank to immediately refund the sum of 163,592 U.S. dollars that was wrongfully withheld from the company's account. Justice Peter Lifu, in his judgement delivered on July 25, declared that UBA had no legal right to freeze the company’s domiciliary account or transfer...