ON
← Back to feed
Vanguard Nigeria logo🏛️ Politics
NG🏛️ PoliticsCenter8 hr. ago

Lawyer cries out to IGP, CBN over N750m frozen funds

A Nigerian company, Kudiwave Technologies Limited, has been unable to recover N750.37 million from its frozen bank account despite a recent court ruling ordering the removal of all restrictions on its accounts. The company claims it was wrongly implicated in a fraud investigation and had no connection to the alleged fraudulent activities. Its lawyer, Prince Oko Kalu, has appealed to the Inspector General of Police (IGP) and the Central Bank of Nigeria (CBN) for assistance in recovering the funds, which were allegedly transferred to a police account before the court decision. The company argues that it was not properly notified of legal proceedings against it and was denied a hearing prior to the funds being accessed. Despite winning the court case, the company remains without its money and seeks further action from authorities.

1 reports

Vanguard Nigeria logoVanguard NigeriaIndependentCenter8 hr. ago
Lawyer cries out to IGP, CBN over N750m frozen funds

A Nigerian company, Kudiwave Technologies Limited, has been unable to recover N750.37 million from its frozen bank account despite a recent court ruling ordering the removal of all restrictions on its accounts. The company claims it was wrongly implicated in a fraud investigation and had no connection to the alleged fraudulent activities. Its lawyer, Prince Oko Kalu, has appealed to the Inspector General of Police (IGP) and the Central Bank of Nigeria (CBN) for assistance in recovering the funds, which were allegedly transferred to a police account before the court decision. The company argues that it was not properly notified of legal proceedings against it and was denied a hearing prior to the funds being accessed. Despite winning the court case, the company remains without its money and seeks further action from authorities.

Bias read (Center): The article presents the situation from the perspective of the affected company and its lawyer, detailing their grievances and actions taken. It does not exhibit overtly biased language or one-sided sourcing. The narrative includes the company's claims and the legal process, without apparent favorit

How each side covered it

The same event, grouped by the political lean of the outlets covering it.

How each side covered it

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Covered around the world

The same event as reported in other countries.

Covered around the world

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Claims check

Key factual claims, and how many sources assert vs dispute each.

Claims check

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Keep the news honest.

ObjectiveNews is reader-funded and ad-free — we show you the bias instead of hiding it. Support independent journalism for €4/month.

Become a Supporter

Related stories