Gist: The New Indemnityterms and Conditions of GTBANK Internet Banking  (Read 1834 times)

0 Members and 1 Guest are viewing this topic.




IN CONSIDERATION of GUARANTY TRUST BANK PLC (hereinafter called “the Bank”) agreeing to process transactions initiated by me via the Bank’s Internet Banking Platform above the Central Bank of Nigeria’s approved limit of N1,000,000.00 (one million Naira only) (hereinafter called “Transactions”), I, hereby fully indemnify the Bank, its Directors, agents, privies, assigns, successors, employees, or any other person whomsoever acting under the Bank’s authority or control against any costs, losses, damages, litigation, action, proceeding, expenses (including Attorney’s fees), judicial awards of any kind, or any payments of whatsoever nature made or any cost however incurred, whether directly or indirectly, remotely or otherwise, resulting from the Bank processing such Transactions.

Furthermore, I, hereby irrevocably and unconditionally agree that in addition to any general lien or similar right to which the Bank may be entitled by law, the Bank may at any time and without notice to me combine or consolidate all or any of my other deposits and accounts with and liabilities to the Bank in any currency that may at any time be in possession of the Bank and set off or transfer any sum or sums standing to the credit of any one or more of such accounts or deposits in or towards satisfaction of any claim made against the Bank or loss suffered by the Bank as a result of or pursuant to the Bank processing such Transactions.

My obligation herein shall not be reduced by any claim by me against the Bank, its Directors, agents, privies, assigns, successors, employees, or any other person whomsoever acting under the Bank’s authority.

This Indemnity shall be a continuing obligation in respect of any and all matters connected to or arising from the Bank processing such Transactions. This Indemnity shall remain valid and in full force from the date of its execution hereof until the Bank issues a letter discharging me from my obligations herein.

This Indemnity shall be construed in accordance with the laws of the Federal Republic of Nigeria.


 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1914 Views
Last post August 23, 2012, 11:13:19 AM
by olutee
0 Replies
895 Views
Last post April 11, 2013, 09:12:02 AM
by olaniyi
0 Replies
1092 Views
Last post March 26, 2014, 05:34:37 PM
by flukky01
0 Replies
374 Views
Last post February 07, 2016, 01:01:39 AM
by clowntom
0 Replies
218 Views
Last post February 02, 2017, 01:03:25 AM
by thenation
0 Replies
384 Views
Last post February 13, 2017, 01:01:18 AM
by clowntom
0 Replies
133 Views
Last post July 31, 2017, 01:02:24 PM
by thisday
0 Replies
77 Views
Last post December 26, 2017, 07:01:32 PM
by olutee
0 Replies
45 Views
Last post October 06, 2018, 01:09:41 PM
by flukky-2