A Federal High Court in Ikoyi, Lagos, has ordered Access Bank Plc to pay ₦16 million in damages for unlawfully restricting customer accounts without sufficient legal justification [1]. Delivering the judgment on June 1, 2026, in suit number FHC/L/CS/878/2023, Justice Chukwujekwu Joseph Aneke ruled that the bank's actions were arbitrary. ... Read more

Governor Francis Nwifuru has urged the federal government to include Ebonyi among key beneficiary states of the Natural Disaster fund to mitigate the negative impacts of rain and thunder storms, flooding and environmental degradation resulting from mining activities. The Governor made the appeal when he received Members of the Revenue Mobilisati ... Read more

The Central Bank of Nigeria (CBN) has extended the enforcement deadline for its Point-of-Sale (PoS) geo-fencing policy to August 1, 2026. This was just as the apex bank increased the permitted geo-fence radius from 10 metres to 70 metres as part of efforts to ease industry compliance. The directive was contained in a circular dated May 29, 20 ... Read more

The European Commission fined e-commerce giant Temu $232 million (€200 million) under the Digital Services Act (DSA) for failing to stop illegal and hazardous products from entering the European Union marketplace . Announcing the penalty on Thursday, regulators revealed that the company severely underestimated consumer risk and failed to a ... Read more

Justice Daniel Osiagor of the Federal High Court in Lagos has ordered Access Bank and FCMB to reverse a total sum of N1.125 billion linked to a disputed foreign exchange transaction to the nominal complainant, following an ex-parte application filed by the Department of State Services (DSS) in suit FHC/L/MISC/589/2026. The order, which names the tw ... Read more

Hon. Justice Sanda Yelwa of the Lagos Judicial Division of the National Industrial Court of Nigeria has ruled that the constructive dismissal and termination of Mrs. Emelda Azuka Okereke by United Bank for Africa (UBA) Plc was wrongful, unlawful, and illegal. In his judgment, Justice Yelwa struck down the internal dispute resolution clause containe ... Read more