Court dismisses businessman’s ₦150m suit against IGP, Keystone Bank

The Federal High Court in Abuja has dismissed a ₦150 million lawsuit filed by businessman Abdulaziz Aliyu against the Inspector-General of Police, Keystone Bank, and two other individuals. Aliyu, who operated under the business name "IBN Ali Enterprise," alleged that Keystone Bank, the IGP, and two others unlawfully froze his business bank account, resulting in a loss of enterprise.

However, Justice Peter Odo Lifu ruled against Aliyu, dismissing the suit for lack of merit. The court found that the "Post No Debit" restriction placed on Aliyu's account was a result of a valid court order issued during a criminal investigation into alleged criminal conspiracy, breach of trust, cheating, and criminal trespass. The judge emphasized that the court order was binding until set aside and that Keystone Bank was obligated to comply with it, even if it resulted in a financial loss for Aliyu.

The businessman also sought compensation for the infringement of his fundamental right to own and operate a bank account, as well as an order to unfreeze the account and a restraining order against the police to prevent harassment. However, Justice Lifu dismissed all of Aliyu's prayers for relief, finding them to be without merit and substance.