FIA ordered Stanbic Bank to freeze a company’s account. Court said that was illegal
The Financial Intelligence Authority (FIA) acted “illegally, irrationally and with procedural impropriety” when it froze a company’s bank account without promptly seeking court approval, the High Court has ruled. The dispute started on January 4, 2026, when BMS General Trading Limited discovered that it could no longer access its money in Stanbic Bank. At that…