First bank reacts to alleged involvement in forgery

First Bank has denied the allegation of forgery filed against the company by the Federal Government.

This is after one of its managers allegedly colluded to dispose of a school proprietor of his property.

According to RIPPLES NIGERIA, the Federal Government filed the lawsuit against First Bank and four other defendants, informing the court that the proprietor of Whiteplain British School, Francis Chukwumah Nwufor, was disposed of his property with a forged tripartite legal mortgage.Information Guide Nigeria

In case no: CR/266/2023, without Nwufor’s consent, the tripartite legal mortgage was allegedly initiated by the branch manager of First Bank in Utako, Abuja.JAMB Result

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RIPPLES NIGERIA reports that reacting to the allegations on Thursday, First Bank said:

“Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank

“While we will not be able to offer further comments as the matter is sub-judice, suffice it to say that the basis of the charge is a spurious allegation made by a delinquent debtor with the intention of embarrassing the Bank and tainting the Bank’s loan recovery efforts and legal enforcement of its security collateral interest in accordance with the terms thereof.JAMB Portal

“The bank assured that it would continue to explore all legitimate channels to seek redress.

“We wish to assure our numerous customers, stakeholders, and the general public that FirstBank operates by the highest standards of ethical conduct and will under no circumstances involve itself in any act of illegality just as it will take necessary legal steps to check any attempt by recalcitrant debtors to fritter away depositors’ funds under its custody.”NYSC Portal

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