Court freezes bank accounts over ₦5.7 billion Keystone Bank transfer glitch

Court Freezes Bank Accounts After Keystone Bank Glitch

Court Freezes Bank Accounts After Keystone Bank Glitch A Nigerian court has frozen multiple bank accounts after a Keystone Bank system malfunction artificially inflated account balances, allowing unauthorized withdrawals amounting to ₦5.7 billion. The Federal High Court in Lagos, under Justice D.E. Osiagor, issued the order on February 18, 2025, halting transactions on the affected accounts pending further hearings. The affected accounts are spr…

Court freezes bank accounts over ₦5.7 billion Keystone Bank transfer glitch

A Nigerian court has frozen multiple bank accounts after a Keystone Bank system malfunction artificially inflated account balances, allowing unauthorized withdrawals totaling ₦5.7 billion, according to court filings seen by TechCabal. Justice D.E. Osiagor of the Federal High Court in Lagos granted a motion on February 18, 2025, ordering banks to block transactions on the affected accounts until further hearings. The accounts, spread across Opay,…