OYO STATE – In a chilling tale of digital insecurity that has sent shivers through Nigeria’s academic and banking circles, a distinguished Professor at Kola Daisi University has officially declared war on Guaranty Trust Bank (GTBank). The academic is demanding the immediate return of ₦9.98 million that allegedly evaporated from his account in a high-speed, unauthorised heist.
The Two-Minute Heist
The nightmare began on the morning of February 21, 2026. According to a blistering petition filed by the Professor’s legal team, the heist was executed with surgical precision within a mere 120 seconds.
At 10:19 a.m., a staggering ₦4,990,000 was ripped from the account and funnelled to an individual identified as Isah Ahmed Ahmed via the Paga payment platform. While the Professor was likely still processing the shock, the digital bandits struck again. Barely two minutes later, a second identical sum of ₦4,990,000 was siphoned off to one Nasir Nasir Sanusi.
“I Shared Nothing”
The Professor has vehemently denied any involvement in the transactions, insisting he never initiated the transfers nor compromised his security details. His solicitors are firing back at the bank’s security architecture, maintaining that their client never disclosed his PIN, token, or sensitive credentials to any third party.
“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.
The Seven-Day Ultimatum
The legal firestorm is just beginning. The Professor’s lawyers have issued a seven-day ultimatum to GTBank to reverse the ₦9.98 million or face a massive lawsuit. The petition argues that the bank has a sacred “duty of care” to safeguard customer funds and that a breach of this magnitude suggests a catastrophic failure in their internal security systems.
A Growing Crisis of Trust
This “vanishing millions” scandal comes at a time when Nigerian bank customers are increasingly wary of digital fraud. For a high-ranking academic to lose nearly ₦10 million in the blink of an eye—under the supposed “orange” protection of GTBank—raises haunting questions for every Nigerian with a bank app on their phone.
As the clock ticks on the seven-day deadline, all eyes are on GTBank’s Oyo branch. Will the bank “Stay Orange” and refund the scholar, or will this end in a landmark legal battle over banking integrity?
