One Ojomo Olorunrokan recently fell victim of ATM fraud which cost him over N200,000 that was withdrawn from his account .

Olorunrokan told City News that he had gone to the bank to withdraw money on December 31, 2009, but was surprised when the cashier told him that his balance was N500 contrary to the N214,000 account balance he had.

"When I reported to the customer care unit of the bank, they checked their system and told me that my money was withdrawn using an ATM card at Festac 1st Avenue in batches of N20,000 and N60,000 while the sum of N150,000 was used to purchase an item from a company," he lamented.

He said after hearing from the bank, he ran home, collected his ATM card and took it to the bank where he was directed to the control officer, who asked him a few questions to confirm if he had been careless with his debit card.

Olorunrokan explained that he was asked to fill a form and was told that the bank will not be liable for his loss as he had used the card and pin before but failed to protect it.

"They promised to investigate and said it will take a few days as the machine used did not belong to the bank but it is a month now and I have not heard anything from the bank," he lamented further.