New Year shocker: Panic grips customers of Guaranty Trust Bank as Account Officer steals N50m from deposits

MD GTB, Segun Agbaje

There is palpable fear and pandemonium among high end customers of Guaranty Trust Bank (GTB), as the Special Fraud Unit, Ikoyi, Lagos State, recently arrested an account officer with a subsidiary of the bank, Guaranty Trust Homes, Adeola Olokojobi, in connection with a N50 million fraud at the financial institution.

Olokojobi, prior to his arrest was working at the Saka Tinubu branch of GT Homes, Victoria Island.

SHOWBIZPLUS reliably gathered that the SFU received a petition in October 2013, from a customer of the branch, where Olokojobi worked.

 The customer had alleged that the suspect, who was his account officer, had not been forthcoming with his account balances.

According to a statement by the Commissioner of Police in charge of the SFU, Mr. Tunde Ogunsakin: “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 the suspect 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 suspect from other customers’ accounts in his care through fake transfer instructions. It all amounted to over N50 million.

He said the funds were used to finance his political campaigns, a proposed pure water company and a purchase of an uncompleted building at Sango Ota, Ogun State.

The suspect, who joined GT Homes in 2009, is a graduate of Banking and Finance.

In his confessional statement, Olokojobi said:

“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…”

Ogunsakin, however, said the suspect would soon be charged to court.

Guaranty Trust Bank, one of the leading and revered financial institutions in Nigeria, has Mr. Segun Agbaje as its MD/CEO.