Kuda Releases Statement On Instigating Police Attack On Customer

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Kuda Releases Statement On Instigating Police Attack On Customer
Kuda Bank

Kuda Microfinance Bank has issued an official press statement regarding the incident that occurred at its premises on Tuesday.

TalkGlitz earlier reported that a customer of the Fintech, Abdulqudus was bundled away and assaulted by men of the police force at the Yaba office of Kuda Bank.

According to Kuda, they’re only following laid policies by the apex Central Bank of Nigeria (CBN). Read the official statement below:

It has come to our attention that a couple of videos are being circulated online regarding the experience of one of our customers yesterday. The videos show the customer being forcefully escorted off our premises by members of the Nigerian Police Force.

We wish to unequivocally state that Kuda Microfinance Bank Limited (“Kuda MFB”) does not condone or support violence in any manner, particularly against its own customers.

Kuda MFB takes pride in providing a smooth, enjoyable and convenient customer service experience, both online and within the customer service centre which we have created solely to enable our customers to interface with our customer service team to deal with matters relating to their bank accounts.

Having said the foregoing, as a financial institution licenced by the Central Bank of Nigeria, we have an obligation to comply with the mandates of all applicable government and law enforcement agencies, supported by the appropriate documentation. While complying with such mandates, we liaise with the affected customers so that any pending matters between the customers and the agencies are resolved.

It is also expected that such affected customers will cooperate fully with the law enforcement agencies involved in order to reach a resolution on each matter. It is truly unfortunate that the customer’s failure to cooperate with the law enforcement officers unfolded in the manner that it did, particularly as the customer was being apprehended by the members of the Nigerian Police Force further to their investigation into alleged criminal activity on the customer’s account.

We wish to reiterate that no staff of the Kuda MFB was involved in the unfortunate incident that was captured in the video. We have however commenced our internal investigations into this matter and in due time, will liaise with the customer as well as the relevant law enforcement agencies in order to ensure that this matter is adequately addressed. We are committed to providing a safe environment for our staff and continue to maintain our responsibility to our customers and the public, to provide safe
and secure banking services.

Yours faithfully,

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