Policemen storm UT Bank HQ over $110,000 judgement debt

On Thursday (August 3, 2017) armed policemen and court bailiffs went to the UT Bank headquarters to seal off the building.

Their action followed UT Bank’s inability fulfil a court judgement ordering it to pay a private company; Oxford Street Hotel $110,000.
The bank is said to have withdrawn the amount from the client’s account without rendering the needed service it had charged for.

After filing a suit against the bank, the court ruled that UT Bank pays Oxford Street Hotel $110,000.

At about 9 am on Thursday four armed policemen and two bailiffs arrived at the bank’s headquarters to execute the commercial court’s order which was awarded on June 12, 2017.
Around 10:18 am a notice of stay of execution was shown to the police and bailiffs who later left.