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 He was told that the money has been withdrawn.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.
You can lose bitcoin also through scam or wallet hack, but they are very easy to avoid if you read about it. Naira that is depreciating in price.
The truth is that most of the advanced in age people find it extremely difficult to invest their money in Bitcoin because of their ignorance and half knowledge about the best possible means of safely investing your assets. They generally believe that Bitcoin is a scam zone and because they totally understand how the commercial banks are being operated, they find it safer. This isn't the first case that I've read or witnessed about people losing hide amounts of money they deposited with some the Nigeria commercial banks.
It's very possible that one can lose their money in Bitcoin when their wallets are hacked but when you're security conscious and follow the right procedures, your assets will stay safe for as long as you want it to be.