A Nigerian fashion designer, @EvelynFabayo on X (formerly Twitter) has raised the alarm after a staggering ₦25 million was reportedly deducted from their United Bank for Africa (UBA) business account without their consent. The distressing incident, which occurred late on April 29, 2026, has sparked concerns over banking security. According to the aggrieved customer, the massive transaction was executed without any One-Time Password (OTP) prompt or secure pass approval, despite both their phone and security token being securely in their possession.
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| Source: X @EvelynFabayo |
The devastating loss has severely impacted the designer's business operations, as the missing funds were specifically earmarked for fulfilling clients' orders. Labeling the incident as a case of "pure fraud and gross negligence" on the bank's part, the business owner is urgently calling on regulatory and anti-graft agencies including the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) to intervene and facilitate an immediate refund.
Read the tweet below:
— e.velyn__k (@EvelynFabayo) April 30, 2026A sum of ₦25million was FRAUDULENTLY debited from my UBA business account on 29/04/2026 at exactly 10:20pm and I did NOT authorize the transaction.
pic.twitter.com/n4pcNtsRcP
No OTP. No approval. My phone and Secure Pass were with me.
So how did this transaction happen?
This is pure FRAUD and gross…
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