Just In: Chaos As Bayelsa Govt Shutdown GTBank, Ecobank Branches

Guaranty Trust Bank (GTBank) and Ecobank branches in Bayelsa state have been shut down by the state government following a disagreement with the structure of the branches. The banks were used as a scapegoat for disregarding the state's town planning.

The affected GTBank is reportedly located along Sani-Abasa Expressway in Yenagoa, Bayelsa State. The operations of the branch were shut down, causing chaos in the bank premises. Ecobank Yenagoa branch was also shutdown.

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GTBank and Ecobank were said to have flouted the state's town planning rules, leading to the Bayelsa State Physical Planning and Development Board to shut the banks. AllNews gathered that more banks in Yenagoa are at risk of being shut down.

The Bayelsa State Physical Planning and Development Board will advance to other banks or branches that have defied the rules of the state and stop their operations as well, “they will be visiting many more banks today in the capital city saying the right thing must be done” a source told NaijaLive TV.

GTBank Accused Of Using Customer's Money To Play Bet, As Customers Lose About N770,000

Guaranty Trust Bank (GTBank) has been involved in a series of fraudulent transfers from customers' accounts. Customers' accounts are being debited illegally, with the money transferred to betting companies. There are assertions that GTBank is reportedly using customers' money for betting without authorisation, as customers' money are being debited for betting only in recent times.

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Series Of Fraudulent Debits In Customers' GTBank Accounts

One of the affected customers, Funke Adeoye said GTBank transferred NGN200,000 from her account balance to an account belonging to Bet9ja, but gave her flimsy reasons for the deduction, and another GTBank customer, Abimbola Omolade, said NGN45,900 was transferred from his GTBank account to a Sporty bet account.

While Hannah Obeahon, an Agricultural economist, said her sister's GTBank's account was illegally debited, with about NGN500,000 transferred to Sporty bet account. According to Obeahon, the amount was deducted by batches, NGN10,000, to NGN50,000 until about NGN500,000 was illegally transferred to the Sporty account.

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