CAMEROON :: SCB ordered to pay 400 million to defrauded buyer: NEW authorized scenario for the financial institution :: CAMEROON
New authorized stand for SCB-Cameroon
Within the authorized scenario that has been standing for a number of years in opposition to Ms. Ndongo Séraphine Odette and her development firm NB Sera Sarl, the Société Commerciale de Banques du Cameroun (SCB-Cameroun) suffered a brand new setback on June 26, 2024. The enchantment ordered the financial institution to pay its shopper 400 million francs as compensation for the harm suffered after the unlawful withdrawal from his checking account.
Unlawful withdrawals that price the SCB dearly
SCB-Cameroon was already discovered responsible of breach of belief and was ordered to pay 93 million francs to NB Sera Sarl by the Court docket of First Occasion within the administrative heart of Yaoundé on August 10, 2021. shopper account.
Important materials and ethical damages for NB Sera Sarl
The Court docket of Attraction of the Middle estimated that the fabric harm suffered by NB Sera Sarl amounted to 250 million francs, and the ethical harm was 150 million francs. That is the rationale why the financial institution was ordered to pay a complete of 400 million francs to their shopper.
SCB and NB Sera Sarl announce their intention to enchantment to the Court docket of Cassation
Neither SCB-Cameroon nor NB Sera Sarl is glad with this resolution. The financial institution mentioned they might enchantment the choice, and Ms Ndongo Séraphine Odette mentioned she would additionally problem it within the Excessive Court docket.
This new conviction of SCB-Cameroon is a brand new blow to the financial institution, which already has a number of issues. It stays to be seen whether or not the Supreme Court docket will uphold the choice of the Central Court docket of Attraction.
Along with the 400 million francs in damages, SCB-Cameroon was additionally ordered to pay a sum of simply over 8 million francs to the State in “prices”.
