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Abule-Egba ATM fraudster not our staff, says Stanbic IBTC Bank

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Stanbic IBTC Bank advices customers to report suspicious movement to security
Stanbic IBTC Bank

Admin l Wednesday, Sept. 16, 2020

LAGOS, Nigeria – Management of Stanbic IBTC Bank has denied any link with the alleged ATM fraudster at Abule-Egba, Lagos.

Reacting to the arraignment of a 22 year old Tope Olajide before an Ikeja Magistrate Court on charges of theft of customers deposit, Stanbic IBTC Bank said the defendant, is not, and was at no point in time an employee of  the bank.

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.  

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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”, the bank said, advising customers to report any suspicious actions around them to security operatives who are usually stationed around Bank’s ATMs, when carrying out transactions at any of its 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 bank said.

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