The man noticed ₦55 million was lost from his account. He investigated and noticed that the money was stolen by bank officials. That pissed him off and wanted to terminate his fixed deposit of ₦500 million. He was told that the money has been withdrawn. He sued FirstBank. They stole his money.
I am surprised that someone can hold ₦500 million in fixed deposit but he is not a young person but an elderly man which we should expect something like that.
This is something I have heard of multiple times, most of the victims are usually those that use fixed deposit accounts if they leave the account untouched for many years banks usually tempered with the amount in the account. Most of these cases are common in court most especially if the owner of the account is deceased, the next of kin or deceased family are usually keep in the dark about the amount in deceased has. Some bank officials even go to learnt of lying that the deceased has a loan with them and the money was used to pay back that loan.
With bitcoin the only risk is losing of seed phrase aside that except the owner uses a CEX if not there is no third party to his wealth.
As for the only payment failure you mentioned, I have of recently been use to using bitcoin or other crypto as a means of payment except If the platform doesn’t accept crypto payment method