Oyo Don Accuses GTBank Of Negligence Over Unauthorized Transfers Running Into Millions Of Naira From His Account

A university professor in Oyo State has accused Guaranty Trust Bank of negligence after the alleged disappearance of ₦9.98 million from his bank account through what he described as unauthorized transactions.

The professor, through his solicitors, has formally petitioned the bank’s branch manager in Oyo, insisting that the withdrawals were carried out without his knowledge, consent, or approval.

According to the petition dated February 21, 2026, two suspicious transfers were executed from the professor’s account within a span of just two minutes, leading to the withdrawal of a total sum of ₦9,980,000.

Details of the transactions revealed that the first transfer of ₦4,990,000 was made at about 10:19 a.m. to an account belonging to Isah Ahmed Ahmed on Paga.

Barely two minutes later, at 10:21 a.m., another ₦4,990,000 was allegedly transferred to Nasir Nasir Sanusi, also linked to an account on the same financial platform.

The professor has, however, strongly denied authorizing either of the transactions, maintaining that he did not initiate the transfers or share his banking security credentials with anyone.

His legal representatives stated in the petition that their client did not at any time disclose his Personal Identification Number (PIN), token, or any other confidential banking details that could have enabled access to his account.

They argued that the bank owed their client a duty of care to ensure the safety of his funds and prevent any unauthorized access within its banking system.

In the letter 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and copied to its legal department, the professor demanded the immediate reversal of the ₦9.98 million allegedly withdrawn from his account.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 solicitors 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 read.

They further urged the bank to treat the complaint with urgency and ensure the prompt restoration of the funds to the professor’s account.

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