First Bank has described the Federal Government’s forgery allegation against its institution as an attempt to smear its reputation.
The Federal Government had charged the bank’s managing director and three others over allegations bordering on forgery.
The charge sheet, marked CR/266/2023 before the High Court of the Federal Capital Territory, Abuja, also includes two lawyers, Muftau Ande and Dibiaezue Chuks, as well as the Utako Branch Manager of First Bank, Abuja.
In the charge sheet filed by the Federal Ministry of Justice, the five defendants were accused, among other things, of forging a “tripartite legal mortgage without the consent of the proprietor of Whiteplain British School, Mr Francis Chukwumah Nwufor, with intent to commit fraud.”
They were also accused of dishonestly dispossessing Nwufor of his property using the forged tripartite legal mortgage.
The bank while reacting to the statement on Thursday said the reports were sponsored by its detractors. Adding that the matter is sub-judice.
It explained that the basis of the charge was a false allegation made by a delinquent debtor, assuring that it would continue to explore all legitimate channels to seek redress.
He said, “Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank,” the statement reads.
“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 to embarrass the Bank and taint 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 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,” the statement added.
“Furthermore, First Bank remains focused on its mission of providing the best financial services to its numerous customers.”