The First Bank of Nigeria Limited says the charge against it by the Federal Government was an attempt to embarrass the bank.
Recall there were earlier report the Federal Government filed a three-count charge against First Bank, its Managing Director, and three others before a High Court sitting in Abuja over allegations bordering on forgery.
Reacting, First Bank, in a statement issued on Thursday, March 30, said the matter is sub-judice, adding that the charge was a false allegation made by “a delinquent debtor”.
The bank noted: “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.
“We wish to assure our numerous customers, stakeholders, and the general public that First Bank 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, First Bank remains focused on its mission of providing the best financial services to its numerous customers,” the statement read.
