Business

First Bank Dismisses Allegations of N7 Billion Fraud as ‘Unfounded’

First Bank of Nigeria has denied allegations of a N7 billion fraud incident, describing the claims as “entirely unfounded” and lacking any factual basis.

An online news platform had cited an unnamed individual with purported direct knowledge of the matter, alongside three others who requested anonymity due to the sensitive nature of the claims.

However, in an official statement signed by the Acting Group Head of Marketing and Corporate Communications, Olayinka Ijabiyi, the bank firmly rejected the report.

“We have been made aware of a recent publication by Tech Cabal containing allegations of fraud involving our institution. We wish to categorically state that the story is entirely unfounded and not supported by any factual evidence,” the statement read.

First Bank reiterated its unwavering commitment to operational integrity and customer trust. The bank assured its customers and stakeholders that its security systems remain robust, and there has been no breach affecting customer accounts.

Nume Ekeghe

Follow us on:

AriseNews

Recent Posts

Governor Umo Eno Approves Appointment of Six New High Court Judges in Akwa Ibom

Akwa Ibom State has appointed six new High Court Judges, with their swearing-in set for…

2 hours ago

South Korean President Yoon Impeached By Parliament Vote

South Korea’s parliament has impeached President Yoon Suk Yeol, transferring powers to PM Han Duck-soo,…

2 hours ago

Jay-Z’s Attorney Seeks Dismissal of Rape Lawsuit Amid Inconsistencies In Allegations

Jay-Z’s attorney is seeking to dismiss a rape lawsuit after the accuser acknowledged inconsistencies in…

2 hours ago

Trump Pushes to End Daylight Saving Time, Calling It ‘Inconvenient’ and ‘Very Costly’

President-elect Donald Trump plans to abolish DST, sparking renewed debate over its impact on health,…

2 hours ago

Georgia’s Parliament Set to Appoint Mikheil Kavelashvili as President Amid Protests and Controversy

Former Manchester City footballer to be elected as president of Georgia on Saturday amid escalating…

2 hours ago

South Korea’s Yoon Suk Yeol Faces Second Impeachment Vote Amid Martial Law Fallout

South Korean Parliament to decide president's fate as opposition rallies for second impeachment vote over…

2 hours ago