“A Spurious Allegation By A Delinquent Debtor”, First Bank Denies Forgery Charges

First Bank has declared that the charge against it by the federal government is an attempt to smear its reputation.

The federal government had filed a three-count charge against First Bank, its managing director and three others over allegations bordering on forgery.

Reacting in a statement on Thursday, the bank said the reports were sponsored by its detractors.

First Bank also said the matter is sub-judice, adding that the basis of the charge was a false allegation made by “a delinquent debtor”.

“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 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 bank assured that it would continue to explore all legitimate channels to seek redress.