YENAGOA (SUNDIATA POST)- State High Court 14 Yenagoa on Friday adjourned the case between Maize Growers Processors and Marketers, Association of Nigeria (MAGPMAN) Bayelsa Chapter, and Ecobank Plc to Oct. 21, 2025.
The farmers had alleged that the {bank} made unauthorized withdrawals from their accounts, resulting in {financial} losses to them.
The farmers are searching for redress for the alleged {financial} malfeasance.
The aggrieved farmers are searching for authorized redress from Ecobank over the {bank}’s unsatisfactory dealing with of their accounts which uncovered them to avoidable dangers and losses.
When the case got here up for pretrial listening to, the claimant’s Counsel Seimiekumo Avery, instructed the court docket that the case is for pre-hearing and presentation of witnesses, including that they’ve a movement to name extra witnesses.
He stated that the movement was filed on September 29, 2025, and that the movement is searching for the approval of the court docket to enlist three extra witnesses with particulars within the movement paper.
The court docket presided over by Justice Amaebi Orukari, dominated that the claimants ought to amend their movement earlier than pretrial will start.
The decide thereafter adjourned the case till Oct. 21, 2025.
According to the court docket summons doc sighted by the News Agency of Nigeria (NAN), the farmers accounts domiciled with the Bank on the Anchor Borrower Programme of the Central Bank of Nigeria was run in breach of the CBN’s guidelines for the scheme.
The maize farmers are searching for a cumulative common and punitive injury of N68 billion.
MAGPMAN Bayelsa state chapter of their grouse earlier than the court docket, lamented that the fraud allegedly perpetrated by the industrial {bank} has left them with no selection than to hunt redress, for the reason that {bank} (Ecobank) refuse to hearken to us in a approach we could have resolved the difficulty.
Under the scheme, every of the 894 members of the group will get N182,461.02 and is predicted to pay again N198,862.04 on the finish of the mortgage tenor, however Ecobank as we converse is even deducting N400,000, N300,000 and N205,000 because the case could also be from the poor farmers.(NAN)
