₦630,000 Transfer: Business Accuses Access Bank of Defying Kwara Court Order

According to the complaint and a copy of the court order made available to Opinion Nigeria, the dispute arose on 17 March 2026, when ₦630,000 was mistakenly transferred from the business’s account with Zenith Bank to an account belonging to Iheakanwa Tobe and Christabel, held with Access bank

A Nigerian business, MAT-DE NEXT GRAND ENTERPRISE, has accused Access Bank Plc of failing to comply with a court order directing the reversal of funds linked to an erroneous ₦630,000 transfer, despite the alleged service of the order on the bank in March 2026.

The complaint, made by Oyekanmi Abiola, son of the business proprietor, alleges that the prolonged failure to recover the funds has caused financial hardship for the business and its owner.

Following the transaction, the complainant said the business lodged complaints with both banks in an attempt to recover the money. However, the banks reportedly required a court order before the funds could be reversed.

The business subsequently approached the Upper Area Court of Kwara State, Upper Area Court 1, sitting in Ilorin, in Suit No. UACI/CVF/666/2026.

The court document identifies MAT-DE NEXT GRAND ENTERPRISE as the applicant and Access Bank and Zenith Bank as the respondents. It bears the names of Hon. J.S. Adeniyi, Presiding Judge, and Hon. S.H. Ajumobi, Judge.

What the Court Ordered

The court order contains specific directions to Access Bank concerning the disputed funds.

First, it directs Access Bank, identified as the first respondent, to reverse any amount currently available in the account of Iheakanwa Tobe and Christabel to the originating account belonging to MAT-DE NEXT GRAND ENTERPRISE with Zenith Bank.

Second, the order directs Access Bank to place a lien on the recipient’s account until the full sum of ₦630,000 has been recovered.

The document further states that the money was mistakenly transferred from the business’s Zenith Bank account on 17 March 2026 and directs that the order be served on the respondent for compliance within three days.

A copy of the document reviewed by Opinion Nigeria contains handwritten endorsements and a bank stamp associated with Access Bank’s Folawiyo Street branch, bearing the date 24 March 2026.

Abiola maintains that the order was duly submitted to the bank and received by a staff member identified in the complaint as Kolawole.

Despite this, the complainant alleges that the funds have not been recovered and that repeated efforts to secure a resolution have yielded no satisfactory outcome.

Seven Months of Alleged Non-Compliance

In his complaint, Abiola said the family had made numerous telephone calls, submitted formal complaints and visited the banks in person in an effort to resolve the matter.

He alleged that, despite these efforts, no reversal had been effected and no meaningful explanation had been provided to the family

The disputed ₦630,000, he explained, was intended to support the business’s operations. Its continued non-recovery has allegedly disrupted cash flow and placed additional financial pressure on the proprietor.

The complainant described the situation as particularly distressing because the business had sought judicial intervention after being informed that a court order was necessary to facilitate the recovery of the funds.

The allegations raise concerns about the handling of disputed electronic transfers and the importance of timely, transparent responses to customers seeking the enforcement of court-directed remedies.

However, Opinion Nigeria has not independently established why the funds remain unrecovered or whether any amount was available in the recipient’s account when the bank received the order.

Business Issues Three-Day Ultimatum

The business has demanded the immediate reversal of the full ₦630,000, or any outstanding balance, to its Zenith Bank account in accordance with the court’s directions.

Abiola warned that failure to resolve the matter within three days of receipt of the latest complaint could lead to further legal and regulatory action

.The proposed actions include proceedings over alleged disobedience of the court order, a fresh suit seeking recovery of the principal sum and applicable interest, and claims for general and special damages arising from the alleged financial losses and hardship.The complainant also threatened to escalate the matter to the Central Bank of Nigeria and relevant consumer protection authorities for investigation and any appropriate action.

These are proposed legal steps by the complainant; no finding of contempt or liability against Access Bank is established by the material reviewed for this report.

Access Bank Yet to Respond to Allegations

Opinion Nigeria has reviewed the supplied court order but has not independently verified all the circumstances surrounding the transaction, the status of the funds in the recipient’s account, or the steps taken by either bank since the order was served.

Access Bank’s response to the allegations was not included in the material provided to the publication. Zenith Bank’s position was also not available.

The banks should be given an opportunity to explain the status of the disputed transaction, the action taken following receipt of the court order, and any circumstances affecting the recovery of the funds.

Opinion Nigeria will publish any substantive response received from the banks.

For the business owner and her family, the immediate demand remains the recovery of the disputed ₦630,000 and a resolution of a matter they say has persisted despite their recourse to the courts.

Opinion Nigeria will continue to follow the matter as further information becomes available.

OPINION NIGERIA