A University lecturer, has petitioned Guaranty Trust Bank PLC over the alleged unauthorised withdrawal of about N10 million from his account, demanding an immediate reversal of the funds.
In a letter dated February 21, 2026, addressed to the Branch Manager of the bank’s Oyo branch and copied to its legal department, the lecturer’s lawyers accused the bank of failing to safeguard their client’s account, leading to two suspicious transactions that occurred within minutes of each other.
According to the petition, the withdrawals were carried out on Saturday, February 21, 2026 through two transfers of ₦4.99 million each, both sent to accounts domiciled with Paga.
The first transfer was reportedly made at 10:19 a.m. to an account belonging to Isah Ahmed Ahmed, while the second, carried out at 10:21 a.m., was sent to an account linked to Nasir Nasir Sanusi.
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The lawyers stated that their client did not authorise the transactions and insisted he never disclosed his banking credentials, including his PIN, token, or any other security details, to any third party.
“Our client categorically denies authorising the above transactions,” the letter stated, adding that the withdrawals occurred without his consent or knowledge.
They argued that the bank owed their client a duty of care to protect his funds and prevent unauthorised access, noting that the transactions were executed within the bank’s security and banking infrastructure.
The legal team therefore demanded that GTBank immediately reverse the total sum of money to the lecturer’s account within seven days of receiving the letter.
They warned that failure to comply with the demand would compel their client to pursue legal action against the bank.
The letter also included transaction details as evidence to support the claim.
As of the time of filing this report, GTBank had yet to publicly respond to the allegation.
