Friday, April 12, 2024

 

First Bank Reacts To Alleged “Spurious Story”

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First Bank of Nigeria PLC, one of the first generation bank in the country has reacted to a story making the round in the social media as well as some online publication as regards a criminal proceedings against the bank and some of its top officials.

The bank’s reaction was contained in a press statement issues yesterday titled ” First Bank Official Statement” .

First bank in the press statement said it’s attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank.

It said while it will not be able to offer further comments as the matter is sub-judice, the bank however, said the basis of the charge before the court is consequent upon 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.

“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. Furthermore, FirstBank remains focused on its mission of providing the best financial services to its numerous customers”.

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