A university professor in Oyo State has petitioned Guaranty Trust Bank over the alleged disappearance of ₦9.98 million from his account through transactions he insists were carried out without his consent.
The professor, through his solicitors, submitted a formal complaint to the bank’s branch manager, alleging that the withdrawals were fraudulent and demanding an immediate investigation into the incident.
According to the petition dated February 21, 2026, two large transfers were executed from the professor’s account within a two-minute interval, resulting in the withdrawal of ₦9,980,000.
Details contained in the document revealed that the first transfer of ₦4,990,000 occurred at about 10:19 a.m. and was sent to an account belonging to Isah Ahmed Ahmed on the Paga platform.
Another transfer of the same amount, ₦4,990,000, was reportedly made at about 10:21 a.m. to Nasir Nasir Sanusi, whose account is also linked to the same financial service provider.
The professor, however, denied authorizing the transactions, maintaining that he neither initiated the transfers nor shared his banking credentials with anyone.
His lawyers stated that their client did not disclose his Personal Identification Number (PIN), token, or any other security details that could have enabled access to the account.
They argued that the bank had a responsibility to protect customers’ funds by ensuring that its security systems prevent unauthorized transactions.
In the petition addressed to the bank’s management and copied to its legal department, the professor demanded the immediate reversal of the ₦9.98 million allegedly withdrawn from his account.
The legal representatives warned that if the funds are not refunded within seven days of the bank receiving the petition, their client would proceed to institute legal action against the financial institution.
They also called on the bank to urgently investigate the matter and restore the missing funds without further delay.
