A university professor in Oyo State has raised serious concerns over what he described as a suspected security breach in his account with Guaranty Trust Bank, following the alleged unauthorised withdrawal of nearly ₦10 million.
The academic, who is associated with Kola Daisi University, made the allegation through his solicitors in a petition addressed to the bank’s branch manager in Oyo State, demanding an immediate reversal of the funds.
According to the petition dated February 21, 2026, two transactions were allegedly carried out on the professor’s account within minutes without his knowledge or approval, resulting in a total withdrawal of ₦9,980,000.
Details contained in the document showed that the first transfer of ₦4,990,000 was executed at about 10:19 a.m. to an account belonging to Isah Ahmed Ahmed on the digital payment platform Paga.
Barely two minutes later, another transfer of ₦4,990,000 was reportedly made to Nasir Nasir Sanusi, also linked to an account on the same financial platform.
The professor, however, insisted that he did not authorise the transactions, stressing that he neither initiated the transfers nor shared his banking security credentials with any third party.
His lawyers maintained that their client did not at any time disclose his Personal Identification Number (PIN), token, or any other sensitive banking information that could have enabled such withdrawals.
They further argued that the bank had a duty of care to adequately protect customers’ funds and prevent unauthorised access within its banking infrastructure.
In the petition copied to the bank’s legal department, the professor demanded the immediate reversal of the ₦9.98 million allegedly withdrawn from his account.
The legal representatives warned that if the bank fails to refund the money within seven days of receiving the letter, their client would have 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 also urged the bank to urgently investigate the incident and ensure the swift restoration of the funds to the professor’s account.
...For the latest news update, Subscribe to our Whatsapp Channel (Click Here) and join our Telegram Update Group (Click Here)
You can also advertise your Product and Services on our page for more patronage
Contact us today by sending your Stories, Articles, Events, and Eyewitness Reports for publications as well as products and services for advertisement to westerndailies2018@gmail.com or WhatsApp (+2348058448531) for more information
