Access Bank has come under fire over failure to address major issues on the allegation of missing N500 million customer’s funds.
NewsOnline Nigeria reports that over the weekend, Access Bank Plc was in the news for unpleasant reasons.
This Nigeria news platform had earlier reported that the bank is being accused of holding on to the sum of N500 Million which belongs to a deceased customer.
This allegation was laid by popular social activist, verydarkman, who in a video that Access Bank allegedly denied a family member of the deceased the said amount of N500 Million.
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According to Verydarkman, the family member narrated that her deceased brother told her on his sick bed that he had some money deposited at different banks including Keystone Bank, GTBank, and Access Bank.
Following his death, the sister proceeded to obtain a letter of administration to enable her access to the funds in these banks but surprisingly, only Keystone and GTB confirmed the amount he mentioned before he died, Access Bank initially claimed there was nothing in the account.
However, due to the scene created, the sister explained that they later agreed that there was money in the account but it was N1.2 Million.
Meanwhile, the sister alleged that there was discrepancies in the account statement as the dates appeared like some records were deleted. In one of the pages, some months skipped and there was no record from 2016 to 2020 too.
This sent a wrong signal to the sister of the deceased and she felt something fishy was going on, leading to her public presentation of the matter.
What is Nigerians saying?
okhae.ben wrote: My friends 8.5m disappeared from access bank a few years back they realised he lives in Germany up to date they never paid him back you guys should stay off that bank
amandapraiz_dee: Till date 120k disappeared from my access bank without trace
hypeman.morgan: Omo im moving out all my money asap, i no want stories @myaccessbank i had issues with u guys already this month, now this has made me more mad you guys…i no do again
hmc_of_abuja: @myaccessbank am closing my account with u guys , una be thief
popee_odinaka: @myaccessbank took my 1.1m and closed the account 0024460720 saying that there was a trace of cryptocurrency in my bank account e no go better for @myaccessbank
lamlyhairsignature: This is not the first , I’ve heard several cases about them, and unfortunately I bank with them. As it now I’m moving my money away from there now
p_tech_offixial: Na so them collect my 129,000 last year and covered it up with bank terminologies.. Up till today I stopped banking with them.. @myaccessbank is a scam
doubleman__: @myaccessbank why una the tiff una customers. Imagine how many people way don kpai way una go don tiff their money
only1sugar__: That’s how the stole my dollar!! I was sent money from USA and dy put the account on post no debit, since den dey haven’t give me my money @myaccessbank u guys are milking people of there hard earned money
coachwilfredasuquo: This is pathetic. Boycotte #accessbank immediately until further instruction from our RATEL leader.
darlin___linda: @access_more in 2021 my money was restricted because someone that transferred money to my account and got cash in my pos spot reported and my account was held I have been on this case since please with your estimate support release my account n money
Access Bank Fails To Address Major Issues
Following the development, Access Bank responded on Sunday and refuted claims that there was a record of N500 Million in the deceased account. While the response was swift, many Nigerians claim that the response didn’t address the major issues.
Read the response below:
‘’In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
There is no N500 million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
‘’Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.’’
In their reactions, Nigerians noted that Access Bank didn’t speak about the allegation of an initial claim of nothing being in the account and later revealed that N1.2 Million was there, the discrepancies in the statement of account, what could have gone wrong since other banks confirmed there was money in the accounts of the deceased, among others.
Many Nigerians think that the response should fixture convincing evidence to accompany the bank’s claim and some of these issues shouldn’t have been shoved aside to say what the deceased sister had already said.
Also, VDM urged the bank to provide the account statement from 2016(opening date) till date. Recall that the bank had provided account statements for only 2020 to 2024; skipping 2016 to 2019.
