A professor at a university in Oyo State has raised alarm over the alleged withdrawal of ₦9.98 million from his account with Guaranty Trust Bank, insisting the transactions were carried out without his authorisation.
The professor, through his solicitors, filed a petition to the bank’s branch manager, accusing the financial institution of failing to protect his account from what he described as suspicious and unauthorised transactions.
According to the petition dated February 21, 2026, two separate transfers were made from the professor’s account within a two-minute interval, resulting in the withdrawal of a total sum of ₦9,980,000.
Details of the transactions indicated 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 via Paga.
Another transfer of ₦4,990,000 was allegedly carried out at about 10:21 a.m. to Nasir Nasir Sanusi, whose account is also linked to the same financial platform.
The professor has denied initiating or approving the transfers, stating that he did not authorise the transactions and never shared his banking security details with anyone.
His legal representatives further stated that their client did not at any time disclose his Personal Identification Number (PIN), token, or any other confidential information linked to the account.
They maintained that the bank owed their client a duty of care to safeguard his funds and prevent any unauthorised access within its banking infrastructure.
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and copied to its legal department, the professor demanded the immediate reversal of the ₦9.98 million allegedly withdrawn from his account.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 lawyers warned that if the bank fails to refund the money within seven days of receiving the letter, their client would have no choice but to seek legal redress against the financial institution.
You can get every of our news as soon as they drop on WhatsApp ...To get all news updates, Join our WhatsApp Group (Click Here)
