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GTBank building

23.04.2023 Featured GTBank Returns Gas Retailer’s N629,122 After FIJ’s Intervention

Published 23rd Apr, 2023

By Opeyemi Lawal

On March 11, Olakunle Michael, an Osun-based gas retailer, wanted to restock at the Gasland Depot, Ile-Ife, Osun State.

Michael told FIJ that while the service was delivered, paying for it online was difficult as the transaction failed.

“On March 11, I wanted to make a bulk purchase of gas at the Gasland Depot, Ile-Ife, Osun-State,” he told FIJ.

READ ALSO: After FIJ’s Story, UNIPORT Clears Students Denied Graduation for 2 Years

“I used my Guaranty Trust Bank debit card for the transaction via the Moniepoint PoS owned by the same gas depot.

“The transaction was declined, and I became stuck because the money left my account.”

The receipt of the declined transaction
The receipt of the declined transaction

Michael said he immediately contacted his bank and the payment merchant to complain about the transaction but they kept tossing him around.

“I contacted both banks formally, but it has been an unsuccessful back and forth between us,” he said.

“This issue has affected my business, and both GTBank and Moniepoint have been playing gods over this matter with no resolution.”

FIJ contacted GTBank and Moniepoint for comments on the unsuccessful transaction. While there was no response from GTBank, Moniepoint stated that it would escalate and investigate the issue.

However, a week after FIJ reached out to them, Michael got a refund from GTBank.

A screenshot of the refund from GTBank
A screenshot of the refund from GTBank

“I got a reversal of the money from GTBank,” he confirmed to FIJ.

“I am grateful for your help, FIJ. Thank you.”

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Published 23rd Apr, 2023

By Opeyemi Lawal

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