JamzNG Latest News, Gist, Entertainment in Nigeria
The High Federal Court of Lagos ordered 54 banks to return an incredible N9.329.322.870 fraudulently transferred from hackers from an old generation bank.
The judge Deinde Dipeolu, who held the sentence on April 15, 2025, granted orders following an ex -part application presented in the number of Causa FHC/L/CS/629/2025.
The Times platform reports that the Court has also ordered an immediate post without debt restrictions on all the accounts connected to the theft.
According to the courts of the Court, the sued bank revealed that on 23 March 2025, hackers violated its basic banking system, carrying out debts unauthorized by multiple customers and dispersing N9.3 billion in various financial institutions.
“The funds were systematically transferred to the tranches by the bank in primary and further redirected accounts in secondary and tertiary accounts out of 54 banks,” said the bank.
The Times platform also reports that the banking of the violation has promptly warned all the banks of the recipients and began to trace the monetary path.
The judge Dipeolu has established that all the banks concerned must disseminate all the details of the accounts implicated, including the balances and the currents already moved.
The judge also ordered the immediate reimbursement of all the aforementioned and recoverable funds to the Bank of the actor.
The sentence also requires banks to release your client’s details (Kyc) of all parties involved, including destination names and accounts, to help investigations and facilitate recovery.
“All the accounts of the recipients must remain limited until the value of the funds received until the complete return is carried out,” the judge ordered.
The judge Dipeolu clarified that the directive addresses only to the stolen funds and does not extend to the deposits of unrelated customers.
“To avoid doubt and for clarity, the order is only for the funds transferred and added and sums”, reads the judgment.
The judge underlined that the stolen funds “belong to the plaintiff and not to the customers of the agreed banks”.
Do you want to share a story with us? Do you want to advertise with us? Do you need advertising for a product, service or event? Contact us on WhatsApp +2348183319097 email: platformtimes@gmail.com
We commit ourselves to an investigative journalism of great impact for human interest and social justice. Your donation will help us tell other stories. Please give any amount HERE
