• Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook Twitter Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»Business»First bank reacts, as FG sues lender for alleged forgery
Business

First bank reacts, as FG sues lender for alleged forgery

meridianspyBy meridianspyApril 1, 2023Updated:May 9, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
First bank
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

0 shares
  • Share
  • Tweet

First Bank has denied allegation of forgery filed against the company by the Federal Government after one of its managers allegedly colluded to dispose a school proprietor of his property.

The 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.

In the 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.

The govt said the tripartite legal mortgage was executed with intent to commit fraud against Nwufor, resulting in three counts charge against the defendants.

The charges are forgery and criminal conspiracy, criminal breach of trust and dishonesty to dispossess Nwufor of his property.

Reacting to the allegations on Thursday, First Bank said it was being pushed by a delinquent debtor trying to embarrass the financial institution.

 

“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.

READ ALSO  Tinubu Reappoints Kyari As NNPCL Boss, Names Perm Secs for Petroleum, Finance

“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,” First Bank said.

Share this:

  • WhatsApp
  • Tweet

No related posts.

First Bank Francis Chukwumah Nwufor
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
meridianspy

Related Posts

Banking recapitalisation: Nigeria needs Bigger Banks for $1trn Economy, NDIC says

November 30, 2023

CBN to review fintech licensing framework

November 29, 2023

Tinubu Reappoints Kyari As NNPCL Boss, Names Perm Secs for Petroleum, Finance

November 28, 2023
Top Stories
  • Chinese Student dies of fatigue from Long Live-streaming November 30, 2023
  • Video: ‘Director, don’t stop!’,  Charles Okocha says in Lovemaking Scene with Mercy Eke  November 30, 2023
  • Fayemi to Speak at UN Climate Change Conference in Dubai November 30, 2023
  • Banking recapitalisation: Nigeria needs Bigger Banks for $1trn Economy, NDIC says November 30, 2023
  • Old, New Naira Notes to Co-exist Till Further Notice – Supreme Court November 29, 2023
  • LUTH Shuts Down 5 Wards Due To Doctors’ Shortage November 29, 2023
  • CBN to review fintech licensing framework November 29, 2023
  • 22,360 Civil Servants Take COMPRO Exam in FCT, 36 States November 29, 2023
  • Why Akeredolu’s Deputy Was Almost Forced to Resign – Ondo Speaker November 29, 2023
  • CNS Ogalla Honours Navy Volleyball Teams After Brilliant Tournament  November 28, 2023
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2023 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.

0 shares