A 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 academic, a lecturer at Kola Daisi University, made the claim through a petition submitted by his solicitors to the bank’s branch manager, demanding the immediate reversal of the funds.
According to the petition dated February 21, 2026, the disputed withdrawals occurred within minutes, triggering concerns about the security of the banking system.
The document stated that the first transfer of ₦4,990,000 was executed at about 10:19 a.m. to an account belonging to Isah Ahmed Ahmed through the payment platform Paga.
Barely two minutes later, another ₦4,990,000 was reportedly transferred to Nasir Nasir Sanusi, also linked to an account on the same platform.
The professor, however, insisted that he had no knowledge of the transactions and did not authorise the movement of funds from his account.
His legal representatives further stressed that their client did not disclose his Personal Identification Number (PIN), token, or any other sensitive banking information to any individual that could have enabled the transfers.
They maintained that the bank had a responsibility to safeguard customers’ funds and prevent unauthorised access to accounts through its banking infrastructure.
In the petition, the professor demanded the immediate reversal of the ₦9.98 million allegedly withdrawn from his account.
The lawyers warned that failure by the bank to refund the money within seven days would leave their client with no option but to initiate legal proceedings against the financial institution.
They also urged the bank to urgently investigate the matter and ensure that the funds are restored to the professor’s account without further delay.
