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Bank dismisses claims as false, cites ongoing investigations.
First Bank of Nigeria Limited (FirstBank) has firmly denied recent media reports alleging fraud within its operations. The bank described the claims as unfounded and misleading.
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In an official statement, the bank rejected the allegations made by Dr. Agbai Eke. It clarified that the case involved unethical dealings between the plaintiff and a former employee rather than any fraudulent activity by the institution itself.
“We can affirm that the allegations of fraud in the Bank, as alluded to by Dr. Agbai Eke, are entirely unfounded and false. Our findings indicate that the matter stemmed from an unprofessional and unethical arrangement between Dr. Agbai Eke and a former FirstBank employee, utilizing a personal relationship to facilitate unauthorized transactions outside the Bank’s knowledge or involvement.”
The statement comes in response to reports by ThisDay Newspaper, Arise Television, and a circulating video concerning a court case filed against FirstBank.
FirstBank Stands by Legal Process and Law Enforcement
FirstBank emphasized that the matter is currently before the court. The bank assured stakeholders that it would allow due legal process to take its course.
“As the matter is before the Court, we will refrain from further comments to allow the Court to determine the issues dispassionately. The Bank has also reported the case to law enforcement agencies for proper investigation. The suspects have provided useful statements, and further inquiries are ongoing.”
While reaffirming its commitment to integrity, transparency, and customer protection, FirstBank assured its stakeholders of its adherence to the highest ethical and professional standards.
“We operate with the highest standards of integrity and professionalism. FirstBank remains steadfast in protecting the interests of its customers and upholding its legacy as a trusted financial institution.”
A Legacy of Excellence and Financial Inclusion
Founded in 1894, FirstBank stands as West Africa’s premier financial institution. The bank leads in financial inclusion services and digital banking solutions across Africa. With over a century of operations, the bank has built a reputation for trust, innovation, and commitment to economic growth.
As FirstBank navigates this legal dispute, it continues to focus on delivering secure, transparent, and customer-centric financial services. The bank is also reinforcing its position as one of Africa’s most reputable banks.
FirstBank remains committed to transparent financial services
With ongoing legal proceedings and law enforcement investigations, FirstBank affirmed that it remains committed to upholding its ethical values and providing customers with secure and transparent financial services. As one of Africa’s most trusted financial institutions, it continues to champion professionalism, accountability, and innovation in the banking sector.
