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Union Bank

23.07.2023 Featured 2 Years After Customer’s N2.23m Went Missing, Union Bank Still Investigating

Published 23rd Jul, 2023

By Abimbola Abatta

Two years after N2.23 million disappeared from the Union Bank account of Kayode Aremu Festus, the bank is yet to help him recoup the money.

The Union Bank customer, now based in Ogun State, was working in Dubai when the incident happened between May 21 and 24, 2021.

According to a 2022 publication by FIJ, Festus’ SIM card, on which he usually received bank alerts, got damaged while he was in Dubai and he could not retrieve it until he returned to Nigeria.

READ ALSO: Disappearance of N2.23m From Union Bank Account Leaves Dubai-Based Man Stranded in Nigeria

Upon visiting a branch of his bank located at Sango-Ota after his return to Nigeria in November 2021, his statement of account showed the unauthorised transactions.

“On the 21st, N1 million was transferred to one UBA account number, N1 million was transferred to the same person on the 24th, and on that same day, N230,000 was moved to a GTB account,” Festus had earlier told FIJ.

Despite reporting the incident to the bank and police officers, Festus has not been able to recover the money since 2021.

While speaking with FIJ during the weekend, Festus lamented that the bank seemed to have abandoned him to his fate.


A recent response from the bank
A recent response from the bank

READ ALSO: PoS Withdrawal Failed, But Union Bank Didn’t Return N500,000 Deducted From Customer’s Account

“I have been reaching out to Union Bank, but they keep telling me they are working on it and investigating it. I have gone to different branches of the Bank too, but nothing good has come out of it.”

FIJ reached out to Union Bank via email and its Twitter page on Friday, but the bank did not acknowledge the messages.

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Published 23rd Jul, 2023

By Abimbola Abatta

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