Frauds & Scandals

First Bank Executive Director Clarifies Role In Alison-Madueke’s Alleged Loot

24/6/2016/The Will The Executive Director in charge of Public Sector at First Bank, Mallam Dauda Lawal, has confirmed that he was actually queried by the Economic and Financial Crimes Commission, EFCC, on his relationship with a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, and what he knows about the […]

Federal Court Rules Against First Bank In Assets Dispute

August 25, 2016/Sahara Reporters Justice Abdulaziz Anka of the Federal High Court in Ikoyi, Lagos ruled against the order given by Justice Saliu Saidu stating that First Bank Plc., through its receiver, Mr. Emmanuel Oyebanji, to take over the entire assets of an oil firm Zone 4 Energy. The judge ruled that Chukelad Nigeria Limited, a third party in trade with […]

CBN Forex Transactions Restriction on Firstbank

August 25, 2016.FBN Holdings Plc As you are aware, there have been a number of media reports referencing the temporary suspension of FirstBank from the Nigerian foreign exchange market on account of failure to comply with the Treasury Single Account (TSA) policy. FirstBank wishes to confirm, that it has been […]