FIRST BANK FINED 5MIL OVER ILLEGAL SALE OF SHARES

First bank A Lagos high court has awarded N5million damages against First Bank Plc in favour of its customer, Mr. Emmanuel Afolabi Onishile, for the illegal sale of his shares and loss of original title document. Justice O.O Femi-Adeniyi said the defendant breached the fiduciary duties it owed the claimant. The judge also ordered that the defendant must pay to the claimant N500, 000 as cost and that it would pay 10 percent interest per annum until the judgment sum is liquidated. The claimant had commenced an action against the…

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TRANSPORTER RETURNS 2.2BIL MISTAKENLY PAID INTO HIS FIRST BANKACCOUNT

Eniola Akinkuotu, Abuja The Managing Director of Peace Mass Transit, Dr. Maduka Onyishi, says he has returned the sum of N2.2bn which was wrongly paid into his First Bank of Nigeria account. The cheque was received on behalf of First Bank by the Business Manager, Commercial Banking, Mr. Kokelu Ben; and the Branch Manager, Unity Bank, Enugu Branch, Mrs. Ifeoma Eleanya. Dr. Onyishi, who explained how he discovered the huge sum in his First Bank account, said that he had requested for $3m from the Central Bank of Nigeria, through…

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HOW FIRST BANK MANAGER STOLE 52.5 MIL BANK MONEY, SEE PIX

Read how Bank Manager allegedly stole N52.6m Kazeem Ugbodaga / 7 hours ago The suspect By Paul Iyoghojie A Customer Relations Manager with the First Bank Plc headquarters, Lagos, Kehinde Adewuyi, 36, has been arraigned before a Lagos Magistrate Court for allegedly withdrawing the sum of N52, 628, 000 from his employer’s account and converted the money to his personal use. The accused was arrested by the police at the Lion Building Division, Lagos following a complaint by the management of First Bank Plc through the Head of the Forensic Auditors, Solomon…

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FIRST BANK MANAGER CHARGED TO COURT FOR STEALING 52MIL

  Oluwatosin Omojuyigbe A customer relationship manager with First Bank of Nigeria Limited, Kehinde Adewuyi, was on Tuesday arraigned before the Igbosere Magistrates’ Court for allegedly converting the sum of N52,628,000 from his employer’s account to his personal use. The 36-year-old suspect was arraigned on three counts bordering on stealing. PUNCH Metro learnt that the suspect was arrested by policemen from the Lion Building Police Division following a complaint by the bank’s forensic auditors, Solomon Akhanolu and Owei Chris. According to the police, the alleged fraud was discovered when the account…

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HOW FIRST BANK AND ITS LAWYERS FORGED 5BIL ABUJA LAND DOCUMENTS, REPS CALL FOR CBN, POLICE NBA INTERVENTION

Corporate rascality and criminal disposition which has never been known in the country’s financial sector is gradually cropping up. In recent times, it is not uncommon to hear of banks conniving with organisations to swindle government or other corporate bodies. There have been rife cases of senior workers or even management staff being involved in financial crimes that ordinarily would have been a major loss of face to such banks. But Nigerians easily forget and so they get away with such. The Nigerian Bar Association (NBA) and the Police have…

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FIRST BANK IN 355MIL NAIRA FRAUD SCANDAL WITH DESPATCH RIDER

A dispatch rider at Institutional Banking Group (IBG), a department of First Bank, Iganmu branch working as a contract staff from Sandy Management Consultants LTD may have found himself between the devil and the deep blue sea as he cries out for his dear life after realizing that he might be used as a scapegoat in a case of alleged insider fraud involving some staff of the bank. According to Humphrey Darlington Omeli, a Dispatch rider who hails from Ezeagu Local Government Area in Enugu State, who formerly resides at…

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