October 15, 2024

Mysterious disappearance: Nigerian man’s N1m vanishes from LOTUS Bank account

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A Nigerian man has reported a shocking incident involving LOTUS Bank, alleging that nearly one million Naira vanished from his account without any debit alert or transaction record.

The victim, Ibraheem Oloye Mohammed, explained that the funds were present in his account as late as 9:00 pm the previous night, only to disappear by morning.
He took to social media to express his frustration, tagging the Central Bank of Nigeria (CBN) in his post. “I woke up to almost a million Naira disappearing from my account… What kind of joke is this?” he asked.

The incident has sparked concerns about the bank’s services and the security of customers’ funds.

Commenting on the incident, another customer, Shofola Kafayat Omosola, said she experienced the same situation without mentioning the actual amount taken off her account. She wrote: “Same here now just waking up to make transfer see that my hundred plus can not be found.”

Also, Basheerah Oladokun Badmus prayed for the quick recovery of the cash.

She wrote:“Something is wrong with them. I haven’t been able to any transactions on lotus app for about 3months now. I have called my account officer and nothing was done till now. He even stopped picking my calls. I pray you recover your money.”

Despite calls for closure of accounts in the shariah-compliant bank due to the glitch, a netizen, Farhan Mashood Jimba, argued that the same situation can happen to other commercial banks irrespective of the viability of their operations.

He said, “Being Sharia-compliant makes them special. And they have same issues with other banks. System error happens with other banks even worse in some banks.
“The same way you abandoned your Jaiz account is the same way some of us have requested our accounts to be closed in banks like keystone and co, and it’s the same way some of us have been using Jaiz since 2015 or thereabout as our main account.”

Meanwhile Lotus Bank has yet to issue an official statement regarding the incident.

This incident highlights the need for enhanced security measures and transparency in Nigeria’s banking sector to prevent and address such discrepancies.

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