First Bank Traces Reports On Forgery To ‘Delinquent Debtor’

First Bank has debunked reports of wrongdoing arising from viral news reports that claimed the bank and some senior staff had been charged with forgery over a relationship with one of its clients the bank described as a delinquent debtor.

While pulling back from giving full details of the issues involved, the bank, however, assured staff and stakeholders that the bank remains committed towards maintaining the highest degree of ethics in its business concerns.

In an emailed response to GWG.ng, the bank said:

“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.

“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,” the bank said without as much giving more details on the issues with the alleged delinquent debtor.

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