Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE

Nigerian court freezes bank accounts for money laundering checks

ABUJA (Reuters) - A Nigerian court has ordered a temporary freeze on millions of bank accounts with incomplete identification documents and the forfeiture of funds in those accounts as it seeks to ensure compliance with money laundering rules.

In a court order seen by Reuters on Monday, the government asked banks to disclose details of millions of personal and business accounts where holders have not provided biometric information and asked the court to stop the accounts operating.

(Reporting by Camillus Eboh; Additional reporting by Chijioke Ohuocha; Editing by Catherine Evans)


1 min read

Published

Source: Reuters



Share this with family and friends


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world