First Bank Reiterates Its Commitment, Disregard Spurious Allegation

By Olushola Akinyele

First Bank of Nigeria Limited has released an official statement about a forgery allegation made some online publications on a charge bought against the bank.

The statement made available to the PRESSTV, says its attention has been drawn to a sponsored sensational report.

“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.” First Bank reacted.

However, 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. Firstbank stated.