{
  "id": 1555851,
  "title": "Court orders banks, fintechs to freeze 69 accounts over alleged N1.39 billion fraud",
  "url": "https://urgent.news/2026/08/17/court-orders-banks-fintechs-to-freeze-69-accounts-over-alleged-n1-39-1555851",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T15:28:49.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/08/17/court-orders-banks-fintechs-to-freeze-69-accounts-over-alleged-n1-39-billion-fraud/"
  },
  "original_language": "en",
  "account": "The Federal High Court in Abuja has ordered 12 commercial banks and six fintech companies to freeze approximately 69 accounts linked to alleged fraudulent and unauthorized credit transactions on the eTranzact International Plc platform. Justice Joyce Abdulmalik granted the order following an ex parte motion filed by the legal representative of the Inspector-General of Police, Victor I. Okoye. The allegations revolve around database penetration and manipulation of transactions on eTranzact's internet banking system, resulting in fraudulent credits being deposited into beneficiary accounts in various banks. Okoye argued that the financial institutions should freeze the affected accounts and provide certified true copies of the account details to the IGP for further investigation. The court approved the request, acknowledging the preliminary findings that the fraudulent transactions did not stem from authorized activities on eTranzact.",
  "summary": "The Federal High Court in Abuja on Monday ordered 12 commercial banks and six fintech platforms to freeze (place on post-no-debit) about 69 accounts following alleged fraudulent and unauthorised credit transactions on the eTranzact International Plc ecosystem. The post Court orders banks, fintechs to freeze 69 accounts over alleged N1.39 billion fraud appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nairametrics",
        "title": "Court orders banks, fintechs to freeze 69 accounts over alleged N1.39 billion eTranzact fraud",
        "url": "https://urgent.news/2026/08/17/court-orders-banks-fintechs-to-freeze-69-accounts-over-alleged-n1-39",
        "published": "2026-08-17T15:28:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}