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Nigeria

Nigerian banks accused of stealing money from customers’ accounts

Customers of Nigerian banks have expressed regret over the increasing number of "illegal" withdrawals from their accounts. The EFCC claims t...

News Agency of Nigeria
News Agency of Nigeria - Agency Reporter November 07, 2022
Updated November 7, 2022 at 10:26 AM
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Nigerian banks accused of stealing money from customers’ accounts
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Nigerian banks accused of stealing money from customers’ accounts

Customers of Nigerian banks have expressed regret over the increasing number of "illegal" withdrawals from their accounts. The EFCC claims that bank ICT employees are stealing from clients.

On Monday in Abuja, customers who claimed to have been the victims of an alleged "illegal" withdrawal urged officials to address the issue immediately.

"No surprise the Central Bank of Nigeria (CBN) said there is so much money in Nigerians' hands outside the banks," said Helen Isiguzu, a client of one of the new generation banks. People are starting to lose faith in big banks.

Ms Isiguzu added, “Instead of my money to develop wings and disappear from my account just in a day, I rather invest it into real estate business, and it will yield greater profits.”

Anthonia Ibedalu, another customer with one of the new-generation banks, said some banks in the country were operating below international standards.

Ms Ibedalu called on the relevant authorities, including the Federal Competition and Consumer Protection Commission (FCCPC), to step up actions and save customers from fraudulent activities in some banks.

She recounted that the money in her dollar accounts in one of the commercial banks had disappeared after she travelled out of the country for three years.

“I inquired about what happened but was told my account was hacked. I wondered how an account that no other person had the details about could be hacked into,” said Ms Ibedalu. “When I contacted higher authorities in the bank, they investigated, and my money was refunded.”

She added, “They did not tell me the result of their investigation, but from their responses, it was an insider thing. I now ask, what if I didn’t know who to contact.”

Louis Otagoro, a former banker, appealed to the Chartered Institute of Bankers (CIBN) to ensure that only trained professionals work in the industry.

“The CIBN should step up actions to ensure that the banking profession does not become an all-comers affair,” he said.

Meanwhile, the president of CIBN, Ken Opara, had said the council was resolute and committed to the observance and maintenance of ethics and professionalism among practitioners in the banking industry.

Babatunde Irukera, the executive vice chairman of the FCCPC, had also said they were engaging with banks to address consumer-related issues.

Meanwhile, the Economic and Financial Crimes Commission (EFCC) said most banking fraud handled by the commission showed that bank employees aided the ‘withdrawals’.

The head of EFCC’s cybercrime, Abbah Sambo, said that banks’ ICT staff usually made the ‘withdrawals’.

(NAN)

Tags: Nigeria

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