A new generation bank, Lotus Bank, has dragged 45 banks in Nigeria before the Federal High Court in Lagos to recover the sum of N1,133,808,604.31 that some customers fraudulently withdrew from its vault. Lotus Bank claimed in the suit that the funds were stolen from its vault on July 20, 2024, during a system failure [ ]
Thursday 30 October 2025
leadership - 2 days ago
Lotus Sues 45 Banks Over N1.3bn Lost To System Failure
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