A university professor in Oyo State has raised alarm over the alleged disappearance of ₦9.98 million from his account with Guaranty Trust Bank, describing the transactions as fraudulent and unauthorised.
The professor, through his solicitors, filed a formal petition to the bank’s branch manager, insisting that the transfers were carried out without his knowledge, consent, or approval.
According to the petition dated February 21, 2026, the disputed withdrawals occurred within minutes, with two separate transactions allegedly executed from the professor’s account.
Transaction details showed that the first transfer of ₦4,990,000 was made at about 10:19 a.m. to an account belonging to Isah Ahmed Ahmed through Paga.
Another transfer of ₦4,990,000 was reportedly carried out at 10:21 a.m. to Nasir Nasir Sanusi, whose account is also linked to the same financial platform.
The professor has firmly denied authorising the transfers, stating that he neither initiated the transactions nor shared his banking security details with anyone.
His legal representatives maintained that their client did not compromise his Personal Identification Number (PIN), token, or any other confidential information that could have enabled access to his account.
They further argued that the bank had a duty of care to protect its customer’s funds and ensure that its security systems prevent unauthorised access to accounts.
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and copied to its legal department, the professor demanded the immediate reversal of the ₦9.98 million allegedly withdrawn from his account.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 be left with no option but to pursue legal action against the financial institution.
They also urged the bank to urgently investigate the transactions and restore the funds to the professor’s account without delay.
