Connect with us

latest

“CYBER WARFARE EXPOSED: How Hackers Siphoned ₦1.34 Billion And Sent Shockwaves Through Access Bank!”.

Published

on

Access Bank has taken legal action at the Federal High Court in Lagos following an alleged unauthorized cyber breach that resulted in the siphoning of over $\text{₦1.34 billion}$ from customer accounts, including those belonging to corporate entities like MIB TXN Bullion and AIICO General Insurance.                                                                                                                                                                                                                                                                                                                                               To recover and freeze the missing funds, the bank filed an ex parte motion listing 71 other financial institutions used to warehouse the diverted money. Justice Akintayo Aluko granted the bank’s initial requests to place post-no-debit orders and watch-list restrictions on the implicated accounts and Bank Verification Numbers (BVNs) to prevent further dissipation of the funds, while adjourning the case for further proceedings.....KINDLY READ THE FULL STORY HERE▶

Justice Akintayo Aluko after listening to the Access Bank’s lawyer, Ifeoma E. Enyinnaya’s submissions, perused through all the processes backed with legal authorites, ruled that; “….. the essence of the application is to preserve the funds from further dissipation. The court has a duty to preserve the ‘res’,

“…. reliefs 1 to 3 are grantable, while relief 4 cannot be granted at this stage, because it more like final order.

“Accordingly, reliefs 1 to 3 are granted while relief 4 is refused.”

While adjourning the matter to August 31, 2026, for further proceedings, the judge directed the lawyer to file an undertaking as to damages, should the orders not have been made.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

latest

Market Tremors: How Today’s Exchange Rate Movement Is Sending Ripples Across The Nigerian Economy!.

Published

on

  • Strategic Alliance: A coalition of opposition figures under the G-100 banner met with the House of Representatives Minority Caucus to rally support for a single, consensus opposition candidate to challenge the ruling All Progressives Congress (APC) in the 2027 presidential elections.....KINDLY READ THE FULL STORY HERE▶

    • Warning Against Disunity: Led by G-100 Convener Mallam Salihu Lukman, the group cautioned that remaining fragmented would mirror the 2023 electoral outcome and hand an easy victory back to the ruling party. Lukman urged leaders to set aside individual ambitions for the national interest.

    • Ongoing Consultations: The G-100 has initiated talks with key stakeholders across six opposition platforms—including the African Democratic Congress (ADC), Peoples Democratic Party (PDP), Social Democratic Party (SDP), Peoples Redemption Party (PRP), Action Peoples Movement (APM), and New Nigeria Peoples Party (NNPP)—leading up to a national opposition summit.

    • Legislative Backing: House Minority Leader Hon. Fred Agbedi welcomed the initiative, confirming that the Minority Caucus is fully aligned with the movement and actively consulting stakeholders across political lines to build a robust framework. Former lawmaker Sergius Ogun also expressed confidence that a unified front could successfully unseat the administration.

Continue Reading

latest

The 2027 Coup: How A Fresh Coalition Of Reps And Opposition Parties Plan To Shatter The Ruling Party’s Grip!.

Published

on

  • Strategic Alliance: A coalition of opposition figures under the G-100 banner met with the House of Representatives Minority Caucus to rally support for a single, consensus opposition candidate to challenge the ruling All Progressives Congress (APC) in the 2027 presidential elections.....KINDLY READ THE FULL STORY HERE▶

    • Warning Against Disunity: Led by G-100 Convener Mallam Salihu Lukman, the group cautioned that remaining fragmented would mirror the 2023 electoral outcome and hand an easy victory back to the ruling party. Lukman urged leaders to set aside individual ambitions for the national interest.

    • Ongoing Consultations: The G-100 has initiated talks with key stakeholders across six opposition platforms—including the African Democratic Congress (ADC), Peoples Democratic Party (PDP), Social Democratic Party (SDP), Peoples Redemption Party (PRP), Action Peoples Movement (APM), and New Nigeria Peoples Party (NNPP)—leading up to a national opposition summit.

    • Legislative Backing: House Minority Leader Hon. Fred Agbedi welcomed the initiative, confirming that the Minority Caucus is fully aligned with the movement and actively consulting stakeholders across political lines to build a robust framework. Former lawmaker Sergius Ogun also expressed confidence that a unified front could successfully unseat the administration.

Continue Reading

latest

2027: INEC Speaks On Preferred Candidate, Party.

Published

on

  • Strict Neutrality: Speaking on Tuesday at the signing of the First National Peace Accord, INEC Chairman Professor Joash Amupitan firmly dismissed claims that the electoral commission would back any specific politician or political party.....KINDLY READ THE FULL STORY HERE▶

    • Core Commitment: Amupitan emphasized that the commission holds no allegiance to any candidate and remains wholly focused on delivering a transparent, lawful, and credible process.

    • Call for Issue-Based Campaigns: Urging political actors to steer clear of personal attacks and inflammatory rhetoric, the INEC boss recommended focusing public discussions on national security, economic development, infrastructure, education, and healthcare.

    • Operational Readiness: Outlining preparations for the 2027 polls, Amupitan noted that INEC has spent the last eight months refining its technology and logistics. The commission plans to deploy approximately 1.4 million ad hoc personnel across more than 176,000 polling units nationwide, drawing valuable operational lessons from recent off-cycle elections.

    • A Shared Responsibility: Stressing that a successful election requires collective effort, Amupitan likened INEC’s role to that of an impartial referee, reminding stakeholders that peace relies on a shared willingness to abide by established rules.

Continue Reading

Trending