N1.76bn electronic transfer fraud unsettles Globus Bank
In a desperate bid to recover a whooping sum of N1.76billion fraudulently transferred electronically from its vault, Globus Bank Limited has filed an application before a Federal High Court Lagos, urging the court to order the reversal of the funds from the account of the fraudulent beneficiaries domiciled in eight commercial banks back to the Applicant (Globus bank).
According to an affidavit sworn to by the legal officer of Globus Bank Limited, Kosisochukwu Ngene, filed before the court by a lawyer Barrister V.K.Banjo, the deponent in an oath, states as follows:
“That Globus bank is a commercial bank with the registered office at No 6 Adeyemo Alakija Street, Victoria Island, Lagos and licensed under the laws of Nigeria to carry out banking business in Nigeria.
“That between Monday 6th and Saturday 11th of June 2022, there was a system glitch in the Globus bank’s Unstructured Supplementary Service Data (USSD) application, which led to the processing of several fraudulent and unauthorized electronic transfers in the sum of N1.76billion
“That 709 Globus bank customers who were involved in the fraudulent transfer to the various accounts domiciled with the eight commercial banks are contained in the Excel sheet filed before the court.
“That Immediately Globus bank discovered the glitch, the bank instantaneously notified all the banks involved and requested that the beneficiary accounts be restricted in line with Central Bank of Nigeria regulation to avoid dissipation of the funds fraudulently transferred into the accounts domiciled with the banks.
“Subsequently, Globus Bank immediately approached the Magistrate Court, in the Yaba Magisterial District and obtained an order directing the banks to freeze and reverse the amount fraudulently transferred into various accounts domiciled in the banks.
