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Court awards N5m in damages against Ecobank for account restriction

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The Court of Appeal sitting in Owerri has delivered a landmark judgment affirming that Ecobank Nigeria Limited acted unlawfully in restricting a customer’s account without a court order.

It described the bank’s actions as a gross violation of customer rights and a breach of fiduciary duty.

The judgment arose from an appeal filed by Ecobank against a decision of the trial court, which had earlier ruled in favour of the Respondent, its customer, and awarded N10 million in general damages.

Justice Ntong Ntong, who delivered the lead judgment, agreed with the lower court’s findings but reduced the damages to N5 million, deeming the original sum excessive in light of the evidence presented.

In resolving the first issue, Justice Ntong emphasised that no bank has the power to freeze or restrict a customer’s account without a valid court order, regardless of internal policies or compliance procedures such as the Central Bank of Nigeria’s Know Your Customer, KYC, regulations.

The court held that while Ecobank claimed it acted under regulatory obligations after a $65,000 cash deposit raised red flags, it failed to demonstrate that such compliance required unilateral restriction of the account.

It cited relevant precedents, including FBN v. DKN Investments Ltd and GTB v. Joshua, to reinforce the principle that banking institutions must operate within the confines of the law, warning against the use of internal policies to override constitutional rights.

On the second issue, the appellate court found that Ecobank had no legal or contractual basis to assert a right of lien over $10,000 in the respondent’s account, which was allegedly owed to a foreign trading partner, Unique International Trading Ltd.

The bank had argued that it restricted the funds to protect itself from potential litigation threatened by the trading firm.

However, the court ruled that Ecobank’s reliance on the threat of legal action by a third party could not justify the exercise of any lien, especially in the absence of any contractual agreement or court order to that effect.

“Self-help has no place in the civilized world,” the court warned, rejecting the bank’s justification as “misconceived and untenable in law.”

On the final issue, it affirmed that Ecobank had breached its duty of care by unlawfully restricting access to the customer’s funds and dishonouring cheques.

However, it found no sufficient evidence to support the customer’s claim of lost business and goodwill due to the restriction.

Accordingly, the appellate court reduced the general damages from N10 million to N5 million, emphasising that while there was a breach warranting compensation, the initial sum was excessive.

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Imo Govt shuts hotel, mortuary over alleged kidnapping, organ-harvest

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Imo State government has shutdown a hotel and a mortuary allegedly used for kidnapping and the harvesting of human organs.

The State Police Public Relations Officer, Okoye Henry, disclosed this in a statement shared via X handle on Sunday.

Henry said the operation was based on credible intelligence regarding a suspected criminal, Stanley Morocco Oparaugo, who remains at large.

According to the command, the action formed part of an ongoing crackdown on kidnapping and violent crimes along the Owerri–Aba Expressway, led by the Commissioner of Police, Aboki Danjuma, in collaboration with other security stakeholders.

“A hotel and a private mortuary owned by the suspect, allegedly used by kidnappers and violent criminals, were inspected.

“At the mortuary, decomposed and mutilated corpses were discovered in unhygienic conditions, raising suspicions of illegal organ-harvesting activities.

“Following these discoveries, both the hotel and mortuary were sealed on the directive of the State Government.

“The suspect’s residence was also searched, and crucial exhibits were recovered,” he said.

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Nigerian Air Force Launches Coordinated Airstrikes Against Fleeing Coup Plotters in Benin Republic

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Nigeria has carried out a series of precision airstrikes against members of the failed military coup in the Benin Republic, neutralising several suspected plotters and destroying their escape vehicles.

 

The operation was executed on Sunday after the Nigerian Air Force (NAF), acting under a joint security arrangement with authorities in Cotonou, tracked the movement of key coup actors attempting to flee in armoured convoys. Intelligence reports had indicated that the fleeing soldiers were heading south toward coastal exit routes.

A senior security official confirmed the mission, saying it was “carefully coordinated with Benin’s leadership” to prevent the coup backers from regrouping and to support efforts to stabilize the country after the attempted takeover.

According to multiple security sources, the airstrikes—lasting approximately 30 minutes—targeted fast-moving convoys believed to be carrying loyalists of the coup leader, Lt. Col. Pascal Tigri. The fleeing soldiers reportedly departed the country’s interior in an effort to evade capture.

 

Residents in parts of Cotonou reported hearing loud explosions and seeing thick smoke rising from the outskirts, sparking speculation that foreign aircraft were involved in the crackdown on the mutineers.

 

The development was later confirmed by Agence France-Presse (AFP), which reported that Nigerian jets conducted the strikes in coordination with Beninese authorities working to contain the mutiny.

 

Speaking on the operation, Nigerian Air Force spokesperson Air Commodore Ehimen Ejodame said the mission was carried out “in line with ECOWAS protocols and the mandate of the ECOWAS Standby Force.”

 

Sources told POLITICS NIGERIA that the strikes successfully disabled multiple armoured vehicles and sealed off escape corridors identified by the fleeing troops. Although no official casualty figures have been released, security insiders disclosed that “a number of hostile elements” were eliminated.

“All sorties were flown with the consent of Beninese authorities and adhered strictly to international rules of engagement,” another official said, noting that planners were careful to avoid civilian areas and minimise collateral damage.

 

The air operation followed the unsuccessful attempt by Lt. Col. Tigri and his faction—known as the Military Committee for Refoundation—to dissolve state institutions and seize power. Loyalist forces in Benin swiftly regained control, forcing several of the coup backers to attempt a southern retreat before they were intercepted.

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Just In: FG Secures Release Of 100 Abducted Niger Schoolchildren

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The Federal Government has reportedly secured the release of 100 schoolchildren abducted from St. Mary’s Private Catholic Primary and Secondary School, Papiri, in Agwara Local Government Area of Niger State.

Bandits had, on November 21, 2025, invaded the remote Papiri community around 2:00 a.m., arriving on motorbikes and attacking the school dormitories for over three hours. By the time they retreated, 315 people, 303 students and 12 teachers, had been taken away.

In the first 24 hours after the abduction, 50 pupils managed to escape and were reunited with their families. However, 265 individuals, 253 children and all 12 teacher, remained in captivity.

Security agents, alongside local hunters, were immediately deployed to comb surrounding forests in search of the missing victims.

The Federal Government intensified the operation by imposing a 24-hour security cordon and launching aerial surveillance across Niger, Kwara, and Kebbi States.

President Bola Tinubu also cancelled scheduled international engagements to address the crisis.

In the wake of the attack, the government ordered the indefinite closure of all schools in Niger State, along with several federal institutions in high-risk areas, pending further security assessments.

As of the time of filing this report, details surrounding the release of the 100 schoolchildren, including whether negotiations were involved, remain unclear.

The National Security Adviser (NSA) to the President, Nuhu Ribadu, last Monday, reassured parents and authorities of school, that the abducted pupils are doing fine and will return soon.

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