Globus Bank loses N1.7bn to hackers, files application in Lagos Court

Globus Bank Limited, one of the new entrants into the Nigerian banking sector, has filed an application before a Lagos high court seeking an order for recovery of a total sum of N962,019,843.35 fraudulently transferred electronically from its vault into accounts domiciled in eight commercial banks.

The bank has already recovered the sum of N817,998,969.85 from the accounts of the fraudsters.