Court freezes bank accounts over ₦5.7 billion Keystone Bank transfer glitch

A Nigerian court has frozen multiple bank accounts after a Keystone Bank transfer glitch mistakenly credited ₦5.7 billion to various recipients, raising concerns about banking system vulnerabilities.

Justice D.E. Osiagor of the Federal High Court in Lagos granted a motion on February 18, 2025, ordering banks to block transactions on the affected accounts until further hearings. The…