Universal Merchant Bank Ltd. (UMB) has publicly apologised to Engineers & Planners Company Limited (E&P) for disseminating inaccurate information about the company’s financial standing with the bank.
The bank clarified that E&P has fully settled its credit obligations and currently has no outstanding debts with UMB.
In a statement, UMB acknowledged the error and assured E&P and the public that it has taken necessary steps to correct the inaccurate records with credit reporting agencies.
The bank expressed regret for any inconvenience caused to E&P as a result of the misinformation.