Zenith Bank Fined ₦85 Million for Freezing Customer’s Account Without Valid Court Order.

Zenith Bank Fined ₦85 Million for Freezing Customer’s Account Without Valid Court Order.

In the USA

The news as it trends.

A High Court in Abuja has ordered Zenith Bank Plc to pay ₦85 million in damages for unlawfully freezing a customer’s account.

The bank reportedly acted on an invalid court order, denying the customer access to their funds.

The ruling emphasized that financial institutions must follow due process and respect individual rights, especially in matters involving account restrictions.

The case has sparked public debate over banking ethics and the protection of consumer rights in Nigeria.

Legal experts say the judgment sets a strong precedent against arbitrary financial actions.

Zenith Bank has yet to issue a public statement on the ruling.

The decision is seen as a victory for transparency and accountability in the Nigerian banking sector.