Access Bank Faces N100million Mess Over Alleged Abuse Of Power

Access Bank has been accused of abuse of power after blocking the account of a company, Gatefield Nigeria Limited, for supporting the EndSARS protest in Nigeria. The EndSARS protest was initiated against Police brutality across Nigeria.

The restriction on the account comes amidst accusations that the government through Central Bank of Nigeria (CBN) is cracking down on accounts used to fund welfare for protesters during the two weeks of the protest. The action by Access Bank has led to a court case between both companies.

Access Bank had restricted the account on October 15, five days before the Lekki Massacre. According to Gatefield Nigeria, Access Bank claimed the action was directed by the CBN, however, the public affair firm sued Access Bank for "unilaterally restricting” the company's account.

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While addressing the issue, the lead strategist for Abuja-based Gatefield, Adewunmi Emoruwa, told OnyxNews, “As more people contributed to our efforts, we noticed that we could no longer conduct transactions on the dedicated account we used for this particular activity."

Gatefield Nigeria is demanding for NGN100 million as damages done by the restriction of its account. Emoruwa added that, “A successful challenge at the court could make the difference for others who were likewise targeted."

Note: AllNews attempt to reach Access Bank proved abortive, as enquiry sent via email and calls went unanswered.