LAGOS JUNE 14TH (NEWSRANGERS)-A businessman, Mr. Suleiman Mohammed Dikwa, has filed a lawsuit against Opay Digital Services Limited at a High Court of Justice in Jos, Plateau State over an alleged unlawful freezing of his account and unauthorised withdrawal of funds. He is seeking N30 million in damages in addition to other reliefs. In the…
LAGOS APRIL 30TH (NEWSRANGERS)-Kuda Bank, Moniepoint, OPay and Palmpay have paused account opening for new customers following a directive from the Central Bank of Nigeria. The directive came two days after the EFCC blocked 1,146 bank accounts involved in unauthorised forex dealings. “We’ve temporarily paused new signups on our platform. This means that you’ll…
LAGOS DECEMBER 8TH (NEWSRANGERS)-On June 18, Solomon James, a point-of-sale operator in Kaduna State, was going about his daily activities when his phone kept screaming a series of debit alerts that would later amount to N1 million. James told FIJ that after many failed attempts to stop the continual unauthorised transaction, a strange caller who…
LAGOS OCTOBER 27TH (NEWSRANGERS)-Nigerian commercial bank Fidelity Bank is restricting consumer fund transfers to neobanks, including Moniepoint, Kuda, OPay, and PalmPay, said multiple sources with direct knowledge of the matter. A week ago, a small number of customers first noticed that these neobanks were no longer listed on the list of approved financial institutions on…