By Sam Okolie
![](https://thenigerialawyer.com/wp-content/uploads/2025/05/idrinstitute.png")
Due to mistake, carelessness and a plethora of other factors, people have transferred or paid money into accounts different from the one they intended to pay or transfer the money into.
Most times, individuals who find themselves in this type of situation usually fall into hopelessness and helplessness owing to ignorance, and, as such, they end up losing and forfeiting the money to either the bank or to the account they wrongly paid the money into.
The English Philosopher Francis Bacon, once said that knowledge is power, and so we’ll try to explain the procedure for recovering money mistakenly paid into an account different from the one intended.
The first step to take in this situation is to promptly inform the bank, either by writing, calling the customer care line, or by personally visiting the bank to explain the situation. Ideally, one should personally visit the bank and explain the predicament viva voce.
Once the predicament is explained to the bank, it then behooves on the bank to immediately reverse the money back to the transferor or the account the money was originally intended to be paid into.
Secondly, the bank on receipt of the complaint made by the transferor, will have to act quickly to correct the mistake. This the bank will do by immediately reversing the money to the transferor. This is only possible if the transferor and the owner of the wrong account operate accounts in the same bank.
In such a situation all the bank should do is to either contact the owner of the wrong account, or suo moto reverse the money to the transferor without the consent of the wrong account holder.
The third step to take will only be necessary if the bank is unable to reverse the wrong payment as explained in the last two steps. This may occur as a result of various factors.
These factors include: (1) when the transferor or and the owner of the wrong account don’t operate accounts in the same bank; (2) when the owner of the wrong account refuses to give consent to reverse back the money to the transferor; (3) when the owner of the wrong account has moved the money into a different account; and (4) when the owner of the wrong account has immediately withdrawn the money.
In any of the aforementioned scenario, the transferor will have to file an application to the court by way of motion on notice, praying for an order of court to reverse the money to the transferor.
However, with respect to where the wrong account holder has transferred the money into a different account or has withdrawn the money, the transferor will have to contact the police who will in turn approach the court to place a lien in the form of post no debit on the account of the wrong account holder.
The application to the court by way of motion on notice will contain a supporting affidavit, wherein the transferor (Claimant) will state his/her account number, the name of the bank, the bank of the wrong account holder, plus the statement of account of the transferor and the wrong account holder.
The fourth and final step is for the transferor to obtain a certified true copy of the court order from the court registrar and then serve same on the bank.
The bank on receiving the certified true copy of the court order will have no option but to reverse back the money to the transferor.
Contact & Orders 📞 0704 444 4777 | 0704 444 4999 | 0818 199 9888 🌐 www.alexandernigeria.com
______________________________________________________________________
The books are available for purchase at:
Online: www.educodex.com | www.selar.com | www.amazon.com | www.mikeozekhome.com
Enquiries: +234 704 044 9375 | +234 814 813 4773 | +234 816 872 3532
Email: educodexl@gmail.com
______________________________________________________________________
“History of Rivers State Judiciary: A Compendium of Personalities on the Bench.” Authored by Ampim Gogo Blankson, Esq., Deputy Director at the Rivers State Ministry of Justice, in collaboration with the Rivers State Judiciary
💰 Cover Price: ₦20,000.00 (Twenty Thousand Naira)
Bukky Law Books, Rivers State High Court Complex, Moscow Road, Port Harcourt – 📞 08034868754📞 08034729738📞 Enquiries
______________________________________________________________________
Explore Nigeria’s Constitutional System — 17 Chapters, 924 Pages Of Insight By Prof. Hagler Sunny Okorie
