Court Orders 54 Banks to Return ₦9.3bn Stolen Funds
Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered 54 financial institutions to immediately return a total of ₦9,329,322,870 fraudulently transferred by hackers from an unnamed old generation bank. The ruling, delivered on April 15, 2025, followed an ex parte motion in suit FHC/L/CS/629/2025. The court directed that Post No Debit restrictions […]