FirstBank Refutes Spurious Allegation, Reiterates Highest Standard of Ethical Conduct

By Eric Elezuo

Nigeria’s leading financial institution, First Bank of Nigeria Plc, have refuted allegations making the rounds concerning charges against the institution.

“Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank,” the statement posited.

An official statement released by the institution described the allegation as spurious and sponsored, maintaining that the matter will not be given detailed attention as it is already in court.

“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,” the statement read.

The bank however, assures its numerous customers of their constant and consistent unequaled services, and highest standard of ethical conduct, stressing that on no account would it stoop low to involve in illegality.

“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,” it concluded.