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Polaris Bank declares customer dead, confiscates his money

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Polaris, one of the banks in Nigeria, has confiscated the money lodged by a customer, after declaring him dead.

The customer, simply identified as Avogroovy on Twitter, alleged that Polaris Bank placed a Post No Debit (PND) on his account.

He said Polaris Bank has frustrated his efforts to access his account by bringing up different excuses to defend their decision to restrict his access, with the final straw being that they have a court order that declared him legally dead.

According to Avogroovy, Polaris Bank didn’t provide the court papers when he challenged their claim of being a deceased customer.

The customer alleged on 15 May, that Polaris Bank insiders are “trying to steal millions from my account,” adding separately that Polaris Bank should provide the copy of the court order from Abuja saying “I am dead and a hold (PND) should be placed on my account so I can go to the same court and show proof of life or lift the inactive status on my account.”

Part of his statement directed at Polaris Bank reads: “Weekly, I am here tweeting & being an armchair quarterback on trending topics.Meanwhile, @PolarisBankLtd is saying they have a court order from an Abuja court since March saying I am dead and a PND placed on my account. Nigerians, please tell Polaris Bank to show me the order.

“On Feb 3rd I saw my account is inactive/dormant. I contacted @PolarisBankLtd, filled every form required and been in weekly communication with agents/staff since then. Last week when they ran out of excuses they said I am legally a dead person. @cenbank @officialEFCC.”

He also wrote that in “January 2023 I got a copy of my birth certificate from National Population Commission Abuja.

“May 2023 someone approached the same National Population Commission to issue a death certificate that I passed away September 2022. Miracle not de tire Jesus. Nigeria I hail thee!” Avogroovy said.

According to Prime Business Africa which first published the story, when contacted regarding his allegation against Polaris Bank, Avogroovy said that his lawyer has advised him not to speak on the issue for now, but “once I have the green light I will share the entire ordeal,” he replied on Wednesday, 17 May.

 

 

 

 

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Speaker, 14 other River State assembly members decamp to APC

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15 members of the Rivers State House of Assembly, led by Speaker Martin Amaewhule, have left the Peoples Democratic Party, PDP, for the All Progressives Congress, APC.

Amaewhule disclosed the lawmakers’ decision during Friday’s plenary, attributing their defection to what he called a “clear division” within the PDP.

“Distinguished colleagues, very happily, let me announce that your Speaker has decided, and has indeed written to my ward chairman of my decision, to leave the PDP. APC is my new party,” Amaewhule said.

Amaewhule’s Deputy, Dumle Maol, is one of the 16 lawmakers that joined APC as well.

All the lawmakers, who have jumped ship, are core loyalists of the Minister of the Federal Capital Territory, FCT, Chief Nyesom Wike.

 

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CBN rolls out new directives to track financial fraud

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The Central Bank of Nigeria,has rolled out a new framework ito expedite handling of fraud accusations and refund victims.

Customers must report suspected fraudulent transactions within 72 hours under this draft guideline, and financial institutions have 16 working days to look into the matter and repay money.

The action comes in the wake of a dramatic increase in banking sector fraud.

According to data from the Financial Institutions Training Center, losses in the first quarter of 2025 increased to ₦3.29 billion, a startling 603 percent increase over the previous year. In the same time frame, reported cases also increased to 12,347.

The November 26, 2025, proposed regulations seek to improve bank accountability, expedite reimbursements, and boost prevention.

Director of the Financial Policy and Regulation Department Rita Sike signed the circular, which describes stricter regulations intended to prevent fraud before it occurs.

The apex bank’s ongoing fight against financial fraud has advanced with the adoption of this guidance. To enhance cooperation between operators, it established the Nigeria Electronic Fraud Forum in 2011.

It directed banks to establish specialized fraud bureaus four years later. By requiring BVN or NIN for account opening, it reinforced Know Your Customer checks in 2023.

 

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DSS arrests medical doctor treating wounded terrorists

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Operatives of the Department of State Service have arrested a medical doctor treating wounded kidnappers inside the forest in different parts of Kwara State.

The suspect, whose name could not be ascertained at press time, was also involved in supplying drugs to kidnapping gangs operating in Kwara.

The DSS intercepted the medical doctor in the Jebba area after intelligence reports revealed that some couriers had been moving medical supplies from Sokoto to treat wounded bandits hiding in forests across the state.

A security official said many of the criminal groups have sustained gunshot injuries in recent encounters with forces.

The source said, “So, we are advising improved security measures in health facilities in thickly forested areas which the kidnappers may target.”

Confirming the development, the Chief Press Secretary to the Governor of Kwara State, Rafiu Ajakaye, said the arrest was another significant breakthrough in ongoing efforts to combat banditry.

Ajakaye noted that the state government will continue to strengthen collaboration with security agencies to shut down all channels aiding kidnapping activities.

 

 

 

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