Lotus Bank Drags 45 Banks to Court over Alleged ₦1.1Bn Fraudulent Withdrawals
[Nigeria Communications Week - Nigeria] - 28/10/2025
A Federal High Court sitting in Ikoyi, Lagos, has been asked to intervene in a suit filed by Lotus Bank Limited seeking to recover ₦1,133,808,604.31 allegedly withdrawn by hundreds of its customers following a system failure that hit the bank’s electronic payment platform in July. The bank, in (…)
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