Court Orders First Atlantic Bank to Pay GH₵10.5M Damages

First Atlantic To Pay Customer Over GH¢10m

BREAKING: Court Orders First Atlantic To Pay Customer Over GH¢10m For Non-Consensual Tendering Of DDEP bonds

Court Orders First Atlantic Bank to Pay GH₵10.5M Damages

The Accra High Court has ordered First Atlantic Bank to pay more than GH₵10.5 million to a customer after finding that the bank unlawfully tendered the customer's bonds into the government's Domestic Debt Exchange Programme (DDEP) without consent. The ruling represents one of the first major judicial decisions addressing bank…

First Atlantic Bank to pay over GH¢10m in damages to customer for sending investment for Akufo-Addo haircut

First Atlantic Bank ordered to pay GH¢10 million for bond losses, highlighting negligence in a case involving the Domestic Debt Exchange Programme without consent.