Moniepoint—Nigerian woman sued Moniepoint alleging it opened two bank accounts in her name using her NIN and BVN without consent
Abiodun Olokunjuwon filed suit against Moniepoint in the High Court of Oyo State (Case No. M1W/014/2026, filed February 11, 2026), alleging the fintech opened two accounts using her National Identification Number and Bank Verification Number without her knowledge or authorization, exposing her personal data to misuse and triggering third-party restrictions on her legitimate accounts. The suit cites Section 37 of Nigeria's Constitution and the Nigeria Data Protection Act, seeking N50 million in damages, deletion of her data, and closure of the unauthorized accounts. Moniepoint said it had not been served with court documents as of the report.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| User Privacy | -against | primary | -1.00 |
| Overall incident score = | -0.286 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.57)× agency (negligent ×0.5)
Evidence (1 signal)
The Guardian Nigeria reported Oyo woman's lawsuit alleging Moniepoint opened accounts in her name without consent
The Guardian (Nigeria) reported that Abiodun Olokunjuwon filed suit against Moniepoint in Oyo State High Court (Case No. M1W/014/2026) alleging the fintech used her NIN and BVN to open two accounts without her authorization, seeking N50 million in damages and deletion of her data.