Tag: First Bank of Nigeria
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FORGERY: FG drags First Bank MD, others to court
The Federal Government has filed charges against First Bank of Nigeria Limited, its 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…
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Fraud: NGO slams N4bn lawsuit against First Bank of Nigeria
An Enugu State High Court presided over by Justice Chukwunweike Ogbuabor on Thursday adjourned till Oct. 14 for pre-trial of a N4 billion lawsuit filed against First Bank of Nigeria Plc. The suit was instituted by a Non-Governmental Organisation (NGO), called Incorporated Trustees of International Vocational Centre (IVC) and Dr Pedro Manuwa. The adjournment by…
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Shareholders task CBN on insider-related credit policies
Shareholders of First Bank of Nigeria Ltd. have tasked the Central Bank of Nigeria (CBN) on policies that would guard against insider-related borrowings by bank directors in the industry. They disclosed this in an interview on Friday in Lagos, while reacting to the apex bank’s action on FirstBank. Dr Farouk Umar, President, Association for the…