A woman, Abiodun Olokunjuwon, has instituted legal action against Moniepoint Microfinance Bank Ltd at an Oyo State High Court, Ibadan Judicial Division, alleging that the financial institution created bank accounts in her name without her approval. The suit, marked M1W/014/2026, was filed on February 11, 2026, with the claimant seeking N50 million in damages. In the suit, Olokunjuwon contended that the bank opened and managed two accounts on its platform using her National Identification details without her knowledge or consent, a development she described as unlawful and a violation of her rights. She claimed the accounts were created without proper security checks or verification. According to her, the development caused serious injury to her, as her legitimate accounts were later res...