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Court orders 54 banks to return N9.3bn stolen by hackers
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Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered 54 banks to immediately return a total of N9,329,322,870 fraudulently transferred by hackers from an unnamed old generation bank.
The judgment, delivered on April 15, 2025, follows an ex parte motion filed in suit number FHC/L/CS/629/2025.
The court directed the financial institutions to place a Post No Debit restriction on all accounts that received the stolen funds and to begin the immediate return of all available funds to the originating bank.
The plaintiff bank reported that on March 23, 2025, a breach in its core banking system resulted in unauthorised debits from multiple customer accounts.
The stolen funds—amounting to over N9.3bn—were then dispersed across accounts in 54 financial institutions.
Upon detection of the incident, the bank said it promptly alerted the institutions involved and began tracking the disbursements.
The investigation revealed that the funds were transferred in multiple tranches from the bank into primary accounts and subsequently rerouted to other accounts held by secondary and tertiary beneficiaries.
Justice Dipeolu ruled that the affected banks must provide details of the implicated accounts, including balances and amounts already transferred.
The judge further ordered the immediate return of all recoverable funds to the plaintiff bank.
The financial institutions are also to share comprehensive customer data related to the transactions, including names and destination accounts.
Restrictions are to be maintained on all accounts that received any portion of the funds until full recovery is made, limited to the amount each received.
The judge clarified that the ruling applies strictly to erroneously transferred funds and does not infringe on other customer deposits.
“For the avoidance of doubt and for clarity, the order is only in respect of funds erroneously transferred and sums salvaged,” the ruling emphasised.
Justice Dipeolu concluded that the stolen funds “belong to the plaintiff and not the customers of the respondent banks,” affirming the court’s authority to direct full restitution.
News
“We Have One King”: Uvwie Women, Elders Oppose Planned Olu of Warri Visit
Tension has heightened in Uvwie Kingdom, Delta State, following a peaceful protest by scores of indigenes against the proposed visit of the Olu of Warri Kingdom, His Majesty Ogiame Atuwatse III, to Ugbonuohworu (also known as Ugbolokposo), a community located in Uvwie Local Government Area.
The protesters, comprising members of the Egweya r’Uvwie (women’s group), youths, elders and other community stakeholders, urged the Federal Government and the Delta State Government to intervene, insisting that any visit by the Olu to the community should not take place without the consent of the Ovie of Uvwie Kingdom, His Royal Majesty Emmanuel Sideso Abe I.
Carrying placards with inscriptions such as “Uvwie Says No to Olu Visit,” “Uvwie Is Not Itsekiri Land,” “We Need Peace in Uvwie Kingdom,” “There Is One King in Uvwie Kingdom,” and “Ugbonuohworu Is a Uvwie Community,” the demonstrators marched peacefully from Erovwie Community in Effurun, chanting solidarity songs.
Addressing journalists during the protest, Chairman of Erovwie Community, Chief Thomas Eyejewefe, JP, said the demonstration was prompted by what he described as claims by some Itsekiri groups that Ugbonuohworu belongs to them.
According to him, Ugbonuohworu is part of Etche Erovwie in Uvwie Kingdom, and the proposed visit by the Olu of Warri has heightened concerns among residents.
“We have always embraced peace, but information available to us indicates that the Olu of Itsekiri intends to visit Ugbonuohworu. As peace-loving people, we do not believe such a visit should take place without due regard to the traditional institution of Uvwie Kingdom,” he said.
Eyejewefe appealed to both the Federal and Delta State governments to intervene to prevent any action capable of creating tension in the area.
“We have only one traditional ruler in Uvwie Kingdom—the Ovie of Uvwie. We are calling on the authorities to ensure peace prevails by addressing this issue before it escalates,” he added.
He further maintained that Ugbonuohworu is surrounded by Erovwie, Okoribi, Ebrumede, Okuatata, Ugbomoro and Iteregbi communities, which he said are all within Uvwie Kingdom.
Also speaking, Chairman of Ugbomoro Community, Hon. (Chief) Ese Winfrey Ohwojaraye, described the proposed visit as capable of generating avoidable tension if not properly managed.
“We are appealing to the Delta State Government to intervene. We believe dialogue and respect for traditional institutions are necessary to preserve the peace that Uvwie Kingdom has enjoyed,” he stated.
Ohwojaraye urged Uvwie indigenes to remain calm, peaceful and law-abiding despite their concerns, stressing that the protest was intended to draw the attention of government and relevant stakeholders to the matter.
Other community representatives, including Ejedegba Abrahama Mamekpe and Elizabeth Egamurumu, also expressed opposition to the proposed visit, aligning themselves with the position taken by the protest leaders.
As of the time of filing this report, neither the Palace of the Olu of Warri nor the Delta State Government had issued an official response to the concerns raised by the protesters.
News
I Begged Kwankwaso To Be Peter Obi’s Running Mate – Aisha Yesufu
A member of the Nigeria Democratic Congress (NDC), Aisha Yesufu, has said she begged former Kano State Governor, Rabiu Kwankwaso, to become Peter Obi’s running mate four years ago.
Yesufu disclosed this in a post on 𝕏 on Wednesday, while reaffirming her support for the Obi-Kwankwaso ticket.
The activist said some political developments take longer than expected, but insisted she would not be distracted.
“Some things in life take longer than they should. Like the saying goes, better late than never.
“4 years ago I literally begged @KwankwasoRM to be Peter Obi’s running mate.
“Now that it is happening, you think I am going to be distracted? No way. Let’s get it done,” she wrote.
In other news, Yesufu challenged the Department of State Services (DSS) over its involvement in the prosecution of African Action Congress (AAC) presidential candidate, Omoyele Sowore.
The DSS had said it filed charges against Sowore under the Cybercrimes Act over a social media post in which he allegedly referred to President Bola Tinubu as “this criminal.”
The agency also maintained that Sowore’s remand followed court proceedings, adding that it neither arrested him nor opposed his bail.
Reacting to the development, Yesufu said Tinubu should seek redress in court if Sowore’s statement is false or defamatory, rather than involving the DSS.
She also criticised DSS’s focus on the matter amid the country’s security challenges.
News
EFCC To Arraign Miyetti Allah Leader Over Alleged $2.53 Million Laundering
The Economic and Financial Crimes Commission (EFCC) is set to arraign the President of Miyetti Allah Kautal Hore, Bello Bodejo, before the Federal High Court in Abuja over alleged terrorism financing and money laundering involving about $2.53 million.
The EFCC filed a 12-count charge against Bodejo on June 22, 2026.
In a statement on Wednesday, the commission’s spokesman, Dele Oyewale, said Bodejo was accused of accepting multiple cash payments from a former Accountant-General of Bauchi State, Sa’idu Abubakar, without routing the transactions through a financial institution.
One of the counts alleged that Bodejo accepted $100,000 in cash from Abubakar on January 11, 2022, in Abuja.
The EFCC also alleged that Bodejo received $200,000 on January 21, 2022; $980,000 on February 7, 2024; and $500,000 on March 20, 2024.
The charge read, “That you, BELLO ABDULLAHI BODEJO, on or about the 7th day of February 2024, at Abuja, within the jurisdiction of this Honourable Court, did knowingly and willfully, without lawful authority or excuse, accept a cash payment of the sum of Nine Hundred and Eighty Thousand United States Dollars (USD $980,000.00) in physical currency from one SA’IDU ABUBAKAR… without routing the said transaction through a financial institution as required by law.”
The commission further accused Bodejo of possessing funds suspected to be proceeds of unlawful activity.
EFCC said the alleged offences are punishable under the Money Laundering laws. Bodejo is expected to be arraigned once the court fixes a date.
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