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Alleged ATM fraudster is not our staff, says Stanbic IBTC Bank

BY David Olalele



Stanbic IBTC ATM
Stanbic IBTC Bank

Stanbic IBTC Bank PLC has denied the reports circulating in the media about the alleged arraignment of staff of the Bank on charges bordering on the theft of customers deposits. 

The management of the Bank in a statement available to, clarified that the defendant, a 22-year-old Tope Olajide, is not and was at no point in time an employee of Stanbic IBTC Bank PLC.     

The alleged culprit was apprehended around 7:30 am, on Thursday, 27 August 2020, by security operatives after he was exposed by CCTV footage using ATM cards he had allegedly stolen and converted, to make withdrawals from the accounts tied to the stolen ATMs.  

The CCTV footage also showed the alleged culprit pretending to assist customers at ATMs whilst also attempting to fraudulently dispossess the customers of their ATMs.   

He was subsequently arraigned before an Ikeja Magistrate Court on Monday, 14 September, for stealing the debit cards of two customers and using them to unlawfully withdraw the sum of N427,000. 

“The Bank would also like to implore members of the public to be security conscious when conducting transactions at ATMs.

“Customers are advised to report any suspicious actions around them to security operatives who are usually stationed around the Bank’s ATMs, when carrying out transactions at any of our ATM locations.

“As an organisation, we hold dear the values of integrity, and we will continue to prioritise the safety of our customers effectively”, the statement reads.

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