“A Bank Will Be Held Vicariously Liable Where Its Employee Defrauds A Customer” — Court of Appeal Rules Against UBA Over ₦71.6m Investment

The Court of Appeal, Ado-Ekiti Judicial Division, has held that a bank can be held vicariously liable where its employee defrauds a customer while carrying out duties connected with the bank’s business, ruling against United Bank for Africa (UBA) over the fraudulent diversion of a customer’s ₦71.6 million investment by its relationship manager. The appellate […] The post “A Bank Will Be Held Vicariously Liable Where Its Employee Defrauds A Customer” — Court of Appeal Rules Against UBA Over ₦71.6

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By Mark Dennis·October 31, 2026·Nigeria