LAGOS MAY 17TH (NEWSRANGERS)-Wema Bank, one of Nigeria’s commercial banks, has refunded N25 million to Isa Aremu Lawal, a Lagos resident, days after losing it to unauthorised transactions.
Malik Lawal, his son and a brand designer, confirmed the refund to FIJ on Monday. He said that the bank told his father that an insider hack caused the unauthorised debits.
Aremu’s money, which was meant for a building contract has now been refunded, six days after FIJ’s story.
FIJ reported on May 3 that the N25 million in Aremu’s account was transferred to one ‘Gumel Provision Store’. The money, transferred in tranches, left his account without any OTP authorisation.
Meanwhile, he was with his phone when the transactions happened.
“My father was travelling from Lagos to Akure this morning with his boys because they are working in Akure. That was when he realised that he was just seeing a series of debits,” Malik told FIJ on May 3.
“The money was removed in tranches of N4.5 million, N4.2 million, until N25 million was gone. Meanwhile, he uses a small phone, so he went to check his account balance, and he found that all the money had been sent to one Gumel Provision Store.
“He was so worried, and the last transaction he made was when he went to get petrol from a filling station with his card. He last sent money into the account on Wednesday. What was taken from his account is N25 million, money meant for a contract that was paid to him. They took everything into one account.”
Foundation For Investigative Journalism
For media advert placement, events coverage, media consultancy, placement of publications and further inquiries please WhatsApp 2348023773039 or email: labakevwe@yahoo.com
