2023-UNAT-1365, Polycarp Ambe-Niba
The UNAT considered an appeal by the participant in the Fund.
The UNAT found that the facts suggest that the participant’s withdrawal settlement funds were paid into a bank account which had not been opened by him. At the same time, there were unanswered questions as to how the participant had bank statements and cancelled cheques from this account if he had not opened it. In addition, given the mismatch between the participant’s name and the name of the holder of the bank account, there was no explanation as to why the wire transfer had been allowed to proceed and had not been rejected.
The...