First Bank of Nigeria has firmly denied allegations of fraud leveled towards it by an Abia businessman, Dr. Agbai Eke, describing the claims as “solely unfounded and false.”
Dr. Eke not too long ago filed a lawsuit towards the bank in an Abia State Excessive Court docket, alleging that over N550 million was fraudulently deducted from his mounted deposit account.
In response to his lawyer, Ebuka Nwaeze, the deposit was initially made to help the continuation of the bank’s department in Abiriba and promote group improvement, given Dr. Eke’s position as a neighborhood chief.
The claimant said that the alleged fraud was found in December 2023 when he might now not entry his account by way of the bank’s cell app and couldn’t contact the Enterprise Growth Supervisor.
Unauthorized transactions
Upon visiting First Bank’s Gwarinpa department in Abuja, Dr. Eke claimed to have realized that N55 million had been withdrawn from his account in six unauthorized transactions of 5 N10 million and one N5 million withdrawals, regardless of his presence in Umuahia on the time of the deductions.
He stated he demanded the liquidation of his mounted deposit, however no motion was reportedly taken by the bank for months.
In response, First Bank, in an announcement by Performing Group Head of Advertising & Company Communications at First Bank of Nigeria Restricted, Olayinka Ijabiyi, issued a robust denial.
“We will affirm that the allegations of fraud within the Bank as alluded to by ‘Dr. Agbai Eke’ are solely unfounded and false. Our findings on the matter point out unprofessional and unethical dealings between Dr. Agbai Eke and a former FirstBank worker, utilizing a private relationship to facilitate unauthorized transactions outdoors the bank’s information or involvement.”
First Bank added that it has referred the case to regulation enforcement companies for additional investigation.
“Because the matter is presently earlier than the Court docket, we are going to chorus from additional feedback to permit the Court docket to dispassionately decide the problems earlier than it. The Bank has equally filed a report back to regulation enforcements for additional correct investigations and the suspects have made helpful statements whereas the investigations are ongoing,” the assertion stated.
What it is best to know
In a separate improvement, First Bank of Nigeria has acquired approval from the Lagos State authorities to start the development of its eco-friendly headquarters in Eko Atlantic Metropolis.
- Governor Babajide Sanwo-Olu introduced the certificates of approval to Femi Otedola, chairman of First Holdco, throughout a groundbreaking ceremony.
- The bank plans to construct a 40-story skyscraper, set to be the tallest constructing in Nigeria. The mission, which mixes superior engineering and eco-friendly building methods, is predicted to redefine requirements within the monetary companies sector throughout Africa.
“This iconic construction underscores our 130-year dedication to excellence, innovation, and long-term development,” the bank introduced. The brand new headquarters will function a beacon of progress, integrating sustainable and technologically refined options.
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