A university professor in Oyo State has raised alarm over the alleged fraudulent withdrawal of nearly ₦10 million from his bank account with Guaranty Trust Bank, demanding the immediate reversal of the funds.
The academic, through his solicitors, has formally petitioned the branch manager of the bank in Oyo, alleging that the transactions were carried out without his knowledge, consent, or authorization.
According to the petition dated February 21, 2026, two separate transfers were allegedly executed from the professor’s account within a space of two minutes, resulting in a total debit of ₦9,980,000.
Details contained in the petition indicated that the first transaction of ₦4,990,000 occurred at about 10:19 a.m., reportedly transferred to an account belonging to one Isah Ahmed Ahmed on the Paga financial platform.
Barely two minutes later, at about 10:21 a.m., another transfer of ₦4,990,000 was allegedly made to Nasir Nasir Sanusi, also linked to an account on the same payment platform.
However, the professor has strongly denied authorizing the transactions, insisting that he neither initiated the transfers nor disclosed any of his banking security credentials to any third party.
His lawyers further stated that their client did not compromise his Personal Identification Number (PIN), token, or any other confidential banking details that could have enabled unauthorized access to the account.
They argued that the bank has a legal and professional obligation to protect customers’ funds and ensure that its security systems prevent unauthorized withdrawals.
In the petition, which was 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and copied to its legal department, the professor demanded the immediate reversal of the ₦9.98 million allegedly withdrawn from his account.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 also warned that failure by the bank to refund the money within seven days of receiving the petition would leave their client with no option but to institute legal action against the financial institution.
“Our client categorically denies authorising the transactions and holds the bank responsible for the unauthorised debits which occurred within its banking infrastructure and security framework,” the petition stated.
They therefore urged the bank to treat the matter with urgency and ensure the prompt restoration of the funds to the professor’s account.
