Banks Withhold N500,000 After Erroneous Transfer, Ignore Court Order
Matthew Akinwale Dada is an equipment maintenance technician in Rivers State. On December 22, 2025, he intended to send N500,000 to his wife’s account for their son’s school fees but accidentally transferred the funds to his late father-in-law’s First Bank account. Dada contacted Access Bank and First Bank immediately. Both banks assured him the money would be returned within 24 hours, but months later the N500,000 remains withheld despite his repeated complaints and a court order demanding reversal of the transfer. Access Bank later requested N8,068 to verify the court order at First Bank’s request. First Bank now says it cannot access the submitted document and has asked Dada to resend the order in PDF format. Access Bank has acknowledged his emails but has not yet resolved the matter.
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