Seasons Law Firm, solicitors to AMSCO Nig. Ltd., has accused Zenith Bank Plc of failing to address an alleged breach by one of its former staff members, who purportedly diverted over N188 million belonging to the long-standing customer.
In a letter dated Jan. 21, 2025, addressed to Zenith Bank’s Managing Director and copied to key officials including John Ajibade of Legal Services and Company Secretary Michael Osilama Otu, the Abuja-based firm detailed how Mrs. Anwulika Esekody, AMSCO’s former account officer at the bank’s Itire branch, abused her position.
The firm alleged that Esekody, who also sits as a director on the board of PFI Capital Limited, exploited the banker-customer relationship to advise AMSCO on placing funds in a manner that benefited PFI Capital.
Seasons Law Firm expressed dismay that, despite earlier correspondence including a July 16, 2025 letter and the bank’s Aug. 8 response, over six months had passed without meaningful action.
It criticised Zenith Bank for neither dispatching a delegation to engage the valued client nor compelling Esekody or PFI Capital to refund the funds, opting instead for threats against AMSCO’s directors and merely transferring Esekody to another branch.
Adekunle Kosoko, Esq., writing for the firm, emphasised: “It is obvious that it was this banker-customer relationship between our client and your bank… that led to the discussion resulting in our client fixing her funds… to the benefit of PFI Capital Limited, on the advice of your staff.”
The firm announced plans to sue PFI Capital Limited, Esekody personally, and Zenith Bank as her employer, while committing to publicise the full facts during the suit “to educate the general public and forestall present and future customers of your bank from the fate that has befallen our client.”
Ravenewsonline reports that Zenith Bank has yet to respond publicly to the latest allegations.
