The Special Fraud Unit (SFU), Ikoyi, Lagos State, has arrested an account officer of Guaranty Trust Homes, Adeola Olokojobi, in connection with a N50m fraud at the financial institution. Prior to his arrest, Olokojobi was said to be working at the GT Homes, Saka Tinubu branch in Victoria Island. An internal investigation conducted by GT Homes into the account revealed that Olokojobi in April 2013, forged an instruction, transferring N15m from the petitioner’s account, to an unknown account. discovered other various fraudulent withdrawals made by the account officer from other customers’ accounts in his care through fake transfer instructions. It amounted to over N50m. He said the funds were used to finance his political campaign, a proposed pure water company and purchase of an uncompleted building at Sango-Ota, Ogun State. The SFU had received a petition in October 2013, from a customer of the branch where Olokojobi worked. The customer had alleged that Olokojobi, who was his account officer, had “not been forthcoming with his account balances”.