₦airaland Forum

alabo1:
This is not valid unless there is an authorization document to terminate the fixed deposit. What power of authority are you talking about? It's like saying your relationship manager can decide to use your funds as he she pleases?The man has stated that he always received his interest from FBN nigeria not an individual. In other words his 10m was stolen by the individual who paid the interest due to maintain the front of his capital still being with FBN.

SSpeter:
The man is lying once you terminate an investment, it automatically defaults into its source account before it can be moved Therefore the man would know when his FD was terminated because he would get the alert of 10m but he skipped that part.

Holluwhakemmy:
It's well no difference from first bank and gtb they are all the same

damosade:
My forensic view, One thing I know and very sure of, The customer knows his fund was not fixed in the bank after some were fixed in the bank. Subsequent rollover was not done which the customer is aware of. The guy in question has been using the fund for personal business and has been given baba little high interest more than what fd could give. When everything scattered and the money couldn't be accounted for again, baba excalated to the bank for possible reimbursement but the funds could not be traced because baba transferred the funds directly to the guy account. Next life baba should be very careful in trusting anyone working in the bank.
So bank doesn't have any documents that could prove an insider fraud which can be used against them in the Court. If bank knows they are at fault, the account of the customer would have been regularise without any excalation.

SSpeter:
yes customers do have special relationships with their individual bankers, they enjoy it until things go bad and then they claim ignorance. , for example your relationship manager can tell you that there is a business deal that will give you better returns instead of your FD with the bank, then you will begin to enjoy high returns until the deal crashes and then you blame the bank

SSpeter:
if a fraud is carried out without your knowledge, the bank will know and oftentimes the bank repairs your account without you even knowing. Once you see this type of stories just know that the customer and his account officer where doing the deal together

princeade86:
Can u imagine what's happening inside our banking system?

Angel55555:
I believe they have a fraud unit in the bank, a complaint should be made to them first. If they ignore him, then he should proceed to sue them for negligence. It's sad that he had to call out first.

ernieboy:
my point is that any bank with standards should not allow their staff to have such dealings with a customer because it violates trust, all transactions must follow the proper official chanel or else it leaves room for fraud

Rindo69:
The point is, can the relationship manager move the money out without your written instruction or cheque? If the bank can show this, then the customer has no grounds to complain but im not aware of banks running on verbal instructions oo!

Rindo69:
The point is, can the relationship manager move the money out without your written instruction or cheque? If the bank can show this, then the customer has no grounds to complain but im not aware of banks running on verbal instructions oo!

alabo1:
I agree with you if it was done the right way. However we can't ascertain that. For him to bring it on SM may mean there is more to this.

SSpeter:
Bankers are like sales men you cannot always know every discussion or conversations they have with customers. However, banks do have robust controls

ernieboy:
that is why there should be a deliberate policy in place to safeguard customers and build trust and prevent them from preying on gullible and aged customers.

damosade:
My forensic view, One thing I know and very sure of, The customer knows his fund was not fixed in the bank after some were fixed in the bank. Subsequent rollover was not done which the customer is aware of. The guy in question has been using the fund for personal business and has been given baba little high interest more than what fd could give. When everything scattered and the money couldn't be accounted for again, baba excalated to the bank for possible reimbursement but the funds could not be traced because baba transferred the funds directly to the guy account. Next life baba should be very careful in trusting anyone working in the bank.
So bank doesn't have any documents that could prove an insider fraud which can be used against them in the Court. If bank knows they are at fault, the account of the customer would have been regularise without any excalation.

SSpeter:
there is, that's why the bank will let you rant till tomorrow. This is because they have evidence of collusion between the customer and the rogue banker

princeade86:
Can u imagine what's happening inside our banking system?

Angel55555:
I believe they have a fraud unit in the bank, a complaint should be made to them first. If they ignore him, then he should proceed to sue them for negligence. It's sad that he had to call out first.

Angel55555:
I believe they have a fraud unit in the bank, a complaint should be made to them first. If they ignore him, then he should proceed to sue them for negligence. It's sad that he had to call out first.

SSpeter:
I can equivocally tell you that the man had a special relationship with the bank that went bad. when fraud happens once there is a trail that it was a fraud that happened without customers' consent, the bank will repair your account even without you complaining. But when the bank (any commercial bank) investigates and sees that there is a collusion between the customer and it's staffer the bank will not refund you.

Gistsnaijamedia:
https://fij.ng/article/first-bank-employee-diverts-squanders-osun-septuagenarians-n10-5m-fixed-deposit/

SSpeter:
The man is lying once you terminate an investment, it automatically defaults into its source account before it can be moved Therefore the man would know when his FD was terminated because he would get the alert of 10m but he skipped that part.

Holluwhakemmy:
It's well no difference from first bank and gtb they are all the same

Gistsnaijamedia:
https://fij.ng/article/first-bank-employee-diverts-squanders-osun-septuagenarians-n10-5m-fixed-deposit/