TAJ Bank Withdraws ₦957.4m System Glitch Suit Against 26 Banks, Fintechs After Court Declines Interim Freeze - TheNigeriaLawyer

TAJ Bank Suffers Fresh N957 Million System Glitch, Discontinues Reversal Suit Against 26 Banks, Fintechs  - Thepodiummedia

TAJ Bank Ltd suffered another system glitch in March this year, leading to unauthorized transfers of a staggering N957.4 million to several accounts in 26 banks and fintech platforms. This came nearly a year after the bank faced a similar system glitch that moved N139.6 million from its system. However, in a surprising twist, the bank has withdrawn its case seeking the reversal of the unauthorized debits from the Federal High Court in Abuja. Nai…

TAJ Bank’s System Glitch Triggers N957.4m Unauthorized Transfers—Court Rejects Prayer to Freeze Accounts, Bank Withdraws Case

TAJ Bank Ltd has suffered another major system failure, resulting in the unauthorized transfer of nearly N957.4 million to customer accounts across 26 commercial banks and fintech platforms, a development that echoes a similar incident last year. However, in a surprising legal twist, the bank has withdrawn its lawsuit against the affected institutions after the […] The post TAJ Bank’s System Glitch Triggers N957.4m Unauthorized Transfers—Court R…

TAJ Bank Withdraws Lawsuit Over N957 Million System Glitch Transfers » News.ng

TAJ Bank Ltd has pulled out of a court case aimed at reversing the unauthorised transfer of N957.4 million, which occurred during a system malfunction in March 2025. The funds had been moved to multiple accounts across 26 banks and fintech firms. This latest glitch comes a year after the bank reported a similar issue that led to the loss of N139.6 million. The bank had sought legal redress, asking the Federal High Court in Abuja to order the fre…

TAJ Bank Withdraws ₦957.4m System Glitch Suit Against 26 Banks, Fintechs After Court Declines Interim Freeze - TheNigeriaLawyer

TAJ Bank Ltd has formally discontinued a lawsuit filed at the Federal High Court in Abuja seeking the recovery of ₦957.4 million mistakenly transferred to customer accounts across 26 banks and fintech platforms following a major system glitch in March 2025. The development comes just over a year after a similar incident in which ₦139.6 million was erroneously debited from TAJ Bank and later frozen by court order. However, the latest glitch appea…

TAJ Bank Reportedly Suffers System Glitch, Over ₦900 Million Lost from Customers’ Accounts - Tech

TAJ Bank, one of Nigeria’s non-interest financial institutions, is reportedly grappling with the aftermath of a major system glitch...