Financial handles bank over N5.9m unapproved withdrawal

Bala Ibrahim, a Keystone Bank account holder, has been having trouble meeting his financial obligations as a result of the alleged unauthorised withdrawal of N5.9 million from his corporate account by Tijani Saleh, an ex-manager of the bank’s Agege branch in Lagos State.Ecobank requests that FBN reject Otudeko’s portion securing eleventh July 2023

While speaking with our correspondent, Ibrahim stated that his attempts to obtain a refund from the bank were unsuccessful.

that Ibrahim opened a corporate record with the bank and subsidized the record with N20m.

Ibrahim stated shortly after funding the account that he required N5.9 million to fund some of his company’s projects but had not yet received a check to withdraw funds from the corporate account.

Ibrahim claimed that he approached the manager of the bank for advice on the options available to him in order to withdraw the funds. He added that the manager requested the letter-head paper of his company in order to process the request.

The businessman, on the other hand, claimed that things took a new turn when the bank manager allegedly used letter-head paper to make an unapproved withdrawal of N5.9 million from his corporate account without his permission.

After finding that the cash had been removed when he mentioned his articulation of record, Ibrahim said he raised the alert and the bank, subsequent to finding out about the director’s activity, fired him.

He, nonetheless, noticed that the bank presently couldn’t seem to discount his cash in spite of realizing that the recent director was liable for the unapproved withdrawal.

Ibrahim stated, “I opened a corporate account with Keystone Bank for N20 million.” But I went to the bank manager when I needed money to help my company with some projects. He advised me to send the letter-headed paper of my organization and I did.

Later, I realized that he had taken N5.9 million out of my account without my permission using letter-head paper. He was fired after the bank discovered what he had done. From that point forward I began beseeching them to return my cash, however they denied.

“I then reported the situation to the EFCC, but the case was turned against me and I was taken to court,” I wrote. Before I was given my discharge and acquitted, we worked on the case for more than five years.

Ibrahim claimed that the EFCC failed to summon the bank to court or demand payment from them after the case was resolved.

They claimed a reversal despite accusing me of taking the money. I composed a few letters to make them switch the cash. They have denied. I wrote to the EFCC to sue them like they did me, but they said no. He stated, “All I want is my money back.”

In response, Keystone Bank Plc spokesperson Edward Ettu informed our correspondent in an email that a forensic report revealed that Ibrahim withdrew the funds using a countercheck.

“When the matter was reported to the police, they went further to investigate the N20m lodged into the customer’s account,” Ettu said in part. The client would not permit his fingerprints, among others, to be taken however at last, a criminological report showed that he was the one that pulled out the cash through a counter check since his checkbook was not prepared.

“Neither did that judgment say that the bank legally debited his account nor did it say that he had money there. That was not even mentioned once in court. The same person who is asking for N5.9 million also filed a lawsuit against the FG, the EFCC, and the bank, claiming damages totaling more than N2 billion but not N5.9 million.

“At this time, the bank has not been sued for N5.9 million.” Our record shows that he was the one that pulled out the cash and the scientific assessment led on his composition and that’s what mark demonstrated. He was not debited illegally by the bank, and there was no court order to the contrary.

As of the time this report was filed, calls and text messages sent to Wilson Uwujaren, the spokesperson for the EFCC, for a comment on the matter had not received a response.