Guaranty Trust Bank (GTBank) is being investigated by the Police Special Fraud Unit (PSFU) over alleged fraudulent transactions of $667,000 involving GTBank. It was gathered that 35 GTBank accounts were used to commit the fraud by former GTBank staff.

GTBank and two others, Albert Austine Ugochukwu and a limited liability company, Tasmara Integrated Services Limited, were dragged to the Federal Court in a suit marked FHC/L/CS/586/2020 and presided over by Justice Ayokunle Faji. The case involves money laundering and Advance Fee Fraud.

The Fund Is Proceed Of Fraud Involving GTBank Former Staff

Investigation into the fund began after GTBank Headquarters' General Manager, Segun Fadahunsi and Senior Manager, Lanre Kasim, petitioned the police to disclose that former staff of the bank, Albert Austin Ugochukwu, fraudulent acquired $667,000 with the 35 GTBank accounts.

Ugochukwu had opened the accounts through https://allnews.ng/news/gtbank-account-managers-under-investigation-for-667-000-fraud