Babatunde Idris Olayiwola: Unethical Practices In Globus Bank Prompted My Departure—Former Globus Bank employee, Babatunde Idris Olayiwola, has refuted allegations of involvement in a large-scale financial fraud, asserting that internal unethical practices prompted his departure from the bank.
On Monday, Olayiwola stated in response to a Federal High Court in Abuja freezing N1.1 billion in multiple bank accounts linked to former Globus Bank staff, including Olayiwola, accused of hacking and misappropriating N3.5 billion from customers.
Olayiwola, alongside Chinedu Ihuma and Igwe George Benedict Obinna, former ICT staff of Globus Bank, were named in an Economic and Financial Crimes Commission (EFCC) case alleging they orchestrated the fraud using insider knowledge.
The EFCC’s claims were made in SUIT NO/FHC/CS/32/2024, leading to Justice Inyang Ekwo’s order to freeze the accounts for 90 days pending further investigation.
However, Olayiwola vehemently denied these accusations. In a statement shared with Nairametrics by his lawyer, Pelumi Jacob Olajengbesi, he described the allegations as baseless and defamatory.
He emphasized his brief tenure at Globus Bank, which spanned from January to September 2021, during which he claimed to have witnessed alarming unethical behaviours that prompted his resignation.
“During my tenure at Globus Bank, I was part of the team overseeing the Core Banking Application. I attended several meetings with top executives and followed their instructions on transaction structures. However, fearing for my career and life due to the unethical practices within the bank, I decided to leave,” Olayiwola stated.
Nairametrics cannot independently verify his claims as the matter is still subjudice as of the time of this article.
Olayiwola also explained that he accepted a position at KPMG as an Assistant Manager in the Technology and Enablement Department, despite a pay cut, to escape the perilous environment at Globus Bank.
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