GTBank Under Fire As Professor Petitions Bank Over Alleged Unauthorized Withdrawal Of N9.5 Million From His Account

A professor at Kola Daisi University in Oyo State has raised the alarm over the alleged disappearance of ₦9.98 million from his account with Guaranty Trust Bank, describing the withdrawals as unauthorised and suspicious.

The academic, through his solicitors, filed a formal petition to the bank’s branch manager in Oyo, demanding the immediate reversal of the funds allegedly withdrawn from his account without his consent.

According to the petition dated February 21, 2026, the disputed withdrawals occurred within minutes, raising concerns about the security of the banking platform.

Documents attached to the complaint revealed that the first transaction of ₦4,990,000 was executed at about 10:19 a.m. and transferred to an account belonging to Isah Ahmed Ahmed through the payment platform Paga.

Barely two minutes later, another transfer of ₦4,990,000 was allegedly made to Nasir Nasir Sanusi, also linked to an account on the same platform.

The professor, however, firmly denied authorising the transfers, insisting that he neither initiated the transactions nor shared his banking security credentials with any individual.

His legal representatives maintained that their client did not at any point disclose his Personal Identification Number (PIN), token, or any other sensitive banking details capable of facilitating the withdrawals.

They argued that the bank has a responsibility to safeguard customers’ funds and ensure that its security systems prevent unauthorised access to accounts.

In the petition, the professor demanded the immediate reversal of the ₦9.98 million allegedly debited from his account.

The lawyers warned that failure by the bank to refund the money within seven days of receiving the petition would leave their client with no option but to institute legal proceedings against the financial institution.

“Our client categorically denies authorising the transactions and holds the bank responsible for the unauthorised debits carried out within its banking infrastructure,” the petition stated.

They further urged the bank to treat the matter as urgent and ensure that the funds are promptly restored to the professor’s account.