Crime

PALMPAY Staff Steals Customer’s N2.6 Million Moves Funds to Unknown Account

Published

8 months ago

April 5, 2024

TrackNews reports that a staff of fintech company, Palmpay, has been arrested for illegally moving a merchant’s N2.6 million into an unknown account.

The staff, Seja Matthew Oluwatimilehin was said to have gotten direct access to the merchant’s account during an onboarding process and due to this access, he moved the funds bit by bit from January to March 2024.

When the merchant noticed the unusual transaction in his account, he approached Palmpay’s office in Opebi to complain and it was confirmed that the transaction took place without the merchant’s notice.

Following an investigation by the merchant’s team, it was disclosed that the company’s staff, Seja Matthew was behind the criminal act.

‘’The merchant team then carried out their investigation on that same Day, Thursday, 21st March 2024 to track how the fund was moved and who manages the merchant’s account. Their investigation revealed that Seja Matthew Oluwatimilehin had illegally moved these funds from the merchant’s account into an unknown account.’’

‘’Seja Matthew was called upon immediately to confirm why he moved these funds in which he accepted the allegations and confirmed he did so. He was therefore informed to report to the office immediately, however, he was unable to show up on the 21st of March, 2024. On Friday 22nd March 2024, Seja Matthew showed up for further investigations.

An internal police officer was summoned, who later took over the case for further investigations and actions. Seja Matthew, however, claimed that he has returned the sum of #500,000 (Five Hundred Thousand Naira) to the merchant’s account, which is yet to be confirmed. The case was then transferred to The Nigerian Police Area F, Ikeja, located at Ikeja GRA, Lagos State.’’

Furthermore, during interrogation, the company’s staff was unable to disclose where he moved the funds to and the reason behind his action.