Home News Access Bank Denies Missing N500 Million: Bank Responds to Viral Allegations

Access Bank Denies Missing N500 Million: Bank Responds to Viral Allegations

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Access Bank Denies Missing N500 Million. Access Bank Plc has categorically denied claims that N500 million is missing from a deceased customer’s account.

The allegations, which were made by social media influencer Vincent Otse, also known as VeryDarkMan, went viral over the weekend, leading to widespread speculation online.

In a statement issued via the bank’s official social media accounts on Sunday, Access Bank dismissed the claims as untrue and baseless, emphasizing the bank’s commitment to ethical practices and the security of its customers’ funds.

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The viral video posted by Otse accused Access Bank of sharp practices involving the account of a deceased customer.

The influencer alleged that the family of the deceased could not retrieve N500 million from the bank, as the funds were supposedly missing.

According to Otse, the deceased had informed his family about various bank accounts, including one with Access Bank that held N500 million.

In response to these allegations, Access Bank stated:

“Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behavior have been made against Access Bank Plc.

First and foremost, we wish to emphasize that the safety and security of our customers’ funds are core priorities that we take seriously. Secondly, Access Bank Plc does not engage in or condone any unethical behavior.”

Access Bank strongly rejected the notion of missing funds, stating that no N500 million or any other amount was missing from the customer’s account or any other account held at the bank. The statement continued:

“There is no N500 million or any other funds missing from the subject customer’s account or any other customer’s account with us. We, alongside independent stakeholders in the banking industry, have thoroughly investigated these allegations and have arrived at the same conclusion — the claims are unfounded.”

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The bank reiterated that it operates with the highest ethical standards and that it takes the protection of customer interests seriously. It also emphasized its compliance with privacy laws and stated that it would continue engaging with customers while advising the public to disregard sensational and unverified claims.

“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to mislead the public,” the statement concluded.

Despite Access Bank’s efforts to clarify the situation, Vincent Otse continued to criticize the bank’s response. Otse pointed out inconsistencies in the bank’s account statements, asking why the bank’s statement skipped from 2016 to 2020, with missing statements for 2017, 2018, and 2019.

This exchange has fueled further debate online, with many social media users and customers continuing to question the bank’s transparency. The allegations against Access Bank, though denied, continue to stir conversation on various platforms.

Access Bank Plc has firmly denied the allegations of missing N500 million and unethical behavior surrounding the deceased customer’s account. The bank maintains that the claims are false and has assured the public that it operates with integrity, upholding high ethical standards and prioritizing the safety of its customers’ funds.

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