UNBELIEVABLE: How This Banker Withdrew N50m From Customers' Accounts (PHOTO)

The Special Fraud Unit, Ikoyi, Lagos State, has
arrested an account officer with Guaranty
Trust Homes, Adeola Olokojobi, in connection
with a N50m fraud at the financial institution.

Prior to his arrest, Olokojobi was said to be
working at the GT Homes, Saka Tinubu branch,
Victoria Island.

It was revealed that the
SFU had received a
petition in October 2013,
from a customer of the
branch where Olokojobi worked. The customer
had alleged that Olokojobi, who was his account
officer, had "not been forthcoming with his
account balances."
A statement by the SFU Commissioner of Police,
Mr. Tunde Ogunsakin, said, "The petitioner also
alleged that the balance given to him was at
variance with his actual balance in the account.
"An internal investigation conducted by GT
Homes into the account revealed that Olokojobi
in April 2013, forged an instruction, transferring
N15m from the petitioner's account, to an
unknown account.
"The bank also discovered other various
fraudulent withdrawals made by the account
officer from other customers' accounts in his
care through fake transfer instructions. It
amounted to over N50m.
"He said the funds were used to finance his
political campaign, a proposed pure water
company and purchase of an uncompleted
building at Sango-Ota, Ogun State.
"Olokojobi in his confessional statement said he
had fraudulently withdrawn monies amounting
to N50,640,748 from the account of the
customers by transferring funds into the
accounts of fictitious customers and
subsequently withdrawing same."
A banking and finance graduate, Olokojobi told
PUNCH Metro that he joined GT Homes in 2009.
He, however, denied that he had fraudulently
transferred over N50m, insisting that instead, it
was N27m.
He said, "I didn't have to forge the instructions
from GT homes customers. All I did was
manipulate them. What happens is that they
usually send instructions to the account officers
by email, requesting that some money be
transferred to an account of their choice. All I
simply do is add another million or two to the
sum the customer requested.
"It went unnoticed all this while because after
using the money to do some business
transactions, I always paid it back. I was into
several businesses; I would buy land and resell
for profit.
"I got into trouble with this one because I
withdrew N15m at once from a customer's
account; I didn't take it bit by bit, but I meant
to pay it back. In fact, I had already started
doing so before I was caught and arrested. But
the police are not right in saying that the money
I had withdrawn from customers amounted to
N50m; it is N27m."
Ogunsakin, however, said the suspect would
soon be charged to court, where he could
defend himself.