Appeal Court affirms N85m fine against bank over freezing of customer's account

The Court of Appeal in Abuja upheld a judgment from the High Court of the Federal Capital Territory, imposing an N85 million fine on a commercial bank and the Nigeria Police Force for freezing a customer's account based on an invalid court order. Justice Simon Bature ordered the bank to unfreeze the account of Abhulimen & Co and issue a public apology. The bank had acted on an order from a magistrate court that lacked jurisdiction over banking matters.