Justice: UBA Senegal sentenced to pay 1.5 billion CFA francs to its former director general : Orishas-finance

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Justice: UBA Senegal sentenced to pay 1.5 billion CFA francs to its former director general

04/10/2024

Source : ORISHAS-FINANCE

Categories: Compliance

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Justice: UBA Senegal sentenced to pay 1.5 billion CFA francs to its former director general

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Le mercredi 2 octobre 2024, le Tribunal of Commerce de Dakar has condemned Bank UBA Senegal to pay 1.5 billion CFA francs to its former managing director, Bode

Abiola Aregbesol.

The former managing director of UBA Senegal, Bode Abiola Aregbesol won the judicial showdown between him and his former Bank. The charges included spending deemed excessive on end-of-year gifts, for a total amount of 8.7 million CFA francs. In fact, the former CEO ordered 80 gift boxes, including 20 for the bank's VIP customers. Faced with this, Aregbesola went to court, which pleaded in his favor, condemning UBA to pay him the sum of

1.5 billion CFA francs.

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