Our report on the court case between NCB and Olint in yesterday's edition of the Daily Observer erroneously said that Olint was seeking the Supreme Court's permission to close an account with NCB and that the bank was fighting to keep one of the accounts open.

In fact, Olint's application is only to discontinue its claim against NCB. NCB's contention is that the application should await next month's Privy Council hearing. NCB is not contending, and has never contended, that it wishes to keep any of Olint's accounts open. NCB's position is that Olint can close the accounts at any time. We apologise to NCB for the error and for any inconvenience caused.