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Reading: How N2.5m Vanished from GTB Account in Unauthorized Online Shopping | Details
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Afnews > Blog > Crime > How N2.5m Vanished from GTB Account in Unauthorized Online Shopping | Details
Crime

How N2.5m Vanished from GTB Account in Unauthorized Online Shopping | Details

Thompson Nsisongabasi
June 13, 2024
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Businessman

Ibadan Businessman in Shock as N1.6m Disappears from Bank Account Overnight

On the night of November 8, 2023, Damilare Abiodun Atobatele, a businessman from Ibadan, was fast asleep when N1.6 million was transferred from his current account to his savings account without his knowledge.

Subsequently, the funds were used for online purchases, leaving Atobatele perplexed. Upon discovering the unauthorized transactions through debit alerts the next morning, he promptly visited a Bodija branch of Guarantee Trust Bank (GTB) in Ibadan to register his complaints.

Despite his assertions of non-involvement, he was informed that the transactions were purportedly authorized using his ATM card details, a revelation that stunned him..

Atobatele’s current account shows the N1.5 million transfer.

 

Atobatele’s savings account shows N1.5 million being used for multiple web purchases via Paystack.
Atobatele’s statement of account shows N1.5 million was used for multiple web purchases via Paystack.

He added that he changed his ATM card at the bank that day and blocked the old one to avoid a recurrence. These unauthorised transactions did not end here for Atobatele.

“On November 15, multiple debit transactions that totaled N950,000 left my current account to my savings account again and were also used to make purchases online like the last time. When I went to complain at the bank again, they said it was done using my ATM card details,” he said.

“How could that have happened with a new ATM card that I collected the week before and had not used anywhere at the time? My brother helped me write letters to the bank, which they acknowledged. I haven’t heard anything from them since then.”

A copy of the letter written to the manager of a GT Bank branch in Bodija, Ibadan

FIJ contacted GTB on Monday, but they did not respond.

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