Trending
Court awards N5m in damages against Ecobank for account restriction
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.
News
SEE VIDEO: MIDNIGHT CARNAGE IN LILU: GUNMEN RAZE ANGLICAN CHURCH, KILL PRIEST’S WIFE AND ONE OTHER
By Prince Uwalaka Chimaroke
8- DEC- 2025
The quiet community of Lilu in Ihiala Local Government Area of Anambra State was thrown into mourning on Sunday after armed assailants launched a devastating midnight attack on St. Andrews Anglican Church, leaving two people dead—including the wife of the resident priest—and destroying several buildings within the church premises.
The attackers reportedly stormed the church compound in the early hours of the morning, firing sporadically and setting fire to multiple structures. The assault came just as some early worshippers were preparing for the day’s service. Witnesses said the gunmen moved with brutal precision, torching vehicles, the priest’s residence, and other facilities as frightened residents fled for safety.
By Monday morning, when journalists arrived to assess the destruction, what was once a vibrant centre of worship had been reduced to ruins. Charred vehicles, shattered roofs, burnt personal items, and lingering smoke told the story of a night filled with terror. The church compound, normally bustling with worshippers, stood eerily quiet—its silence a stark reminder of the violence that occurred.
One eyewitness, still visibly shaken, recounted the chaos:
“They came in shooting everywhere. Everything was burning—cars, buildings, even the priest’s house. The priest’s wife and one other person were killed. Many were injured. It was like something from a nightmare.”
Residents expressed deep concern over the severity of the attack and lamented the lack of nationwide attention to what they described as a direct assault on their community and faith.
Meanwhile, the Anambra State Police Command confirmed the tragic incident. Police spokesperson SP Tochukwu Ikenga said Commissioner of Police, CP Ikioye Orutugu, had strongly condemned the violence, calling it “utterly wicked and intolerable.” He noted that the CP has ordered intensified intelligence operations, strengthened joint security deployment, and enhanced surveillance across the area to prevent further occurrences.
Ikenga extended condolences on behalf of the Command to the bereaved families and the entire Lilu community. He urged residents to remain calm and cooperate with ongoing investigations as security agencies move to track down the perpetrators.
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Trending
Imo Govt shuts hotel, mortuary over alleged kidnapping, organ-harvest
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.
Politics
Nigerian Air Force Launches Coordinated Airstrikes Against Fleeing Coup Plotters in Benin Republic
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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