Adeola Akande, a student of the University of Ilorin, has narrated how he nearly dropped out in 300 level after someone stole N500,000 from his Kuda account.

Akande told FIJ the money, meant for his school and hostel fees, was moved from his account by an unknown person.

“On November 20, N250,000 was withdrawn from my account twice by someone I didn’t know,” Akande told FIJ.

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“I instantly reached out to Kuda to complain because I did not authorise the transaction.”

The undergraduate said when he reached out to the bank, the institution responded half-heartedly and failed to provide the beneficiary’s contact so he could process a court order.

“After dozens of complaints and emails to Kuda, they responded partially and sent a flimsy fraud report.

“Also, they stopped responding to my inquiries, which is frustrating.”

Akande told FIJ the fraud nearly cost him his admission and he had to squat because he couldn’t afford to pay his rent.

“I nearly lost my admission in my current level because I couldn’t afford to pay my school fee,” he said.

READ ALSO: Kuda Yet to Return Customer’s N40,000 Paid for Failed New Year’s Day Order

“I am still in school because my classmates contributed money to keep me there. The session was a crucial one and I couldn’t afford to lose it.

“Presently, I squat with my friend, which is making schooling harder for me.”

FIJ learned that Akande’s school and hostel fees were transferred into an account with the description ‘Media Mart Entertainment Ltd’.

In an email exchange between Akande and Kuda, the bank stated that his money was subsequently transferred from the media account into one Basir Sammy account, where it was spent on betting and gambling.

FIJ’s email and Twitter messages to Kuda were not responded to at press time.