First Bank of Nigeria has denied allegations of N7 billion fraud, 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 dismissed 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 customers’ trust.
The bank assured its customers and stakeholders that its security systems remained robust, and there had been no breach affecting customer accounts.
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