FirstBank denies fraud allegations, assures stakeholders of integrity, professionalism

Stanley Ihedigbo

FirstBank has released a statement addressing recent allegations of fraud, describing them as “entirely unfounded and false”.

The allegations, made by a customer, Dr. Agbai Eke, were published in Thisday Newspaper and Arise Television, and also circulated in a video.

According to the Ag. Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited, Olayinka Ijabiyi, their findings indicate that Dr. Agbai Eke was involved in unprofessional and unethical dealings with a former FirstBank employee.

The two allegedly used a personal relationship to facilitate unauthorized transactions outside the bank’s knowledge or involvement.

FirstBank has assured stakeholders that the matter is currently before the court and that they will refrain from further comments to allow the court to determine the issues.

The bank has also filed a report with law enforcement agencies for further investigation.

In the statement, FirstBank reiterated its commitment to transparency, accountability, and the protection of its customers’ interests.

The bank assured stakeholders that it operates with the highest standards of integrity and professionalism.