Misinformation About Loan Recovery: First Bank Set Record Straight

First Bank of Nigeria Plc has come out to set the record straight about a claim made by an online publication whose intent is to damage its image. The said publication which is believed to be sponsored by a debtor who want to embarrass and fraustrate the organisation in its debt recovery duty.

The bank according to the official statement released  has it that the debtor obviously defaulted and was looking for ways to get off the raider of the recovery team, hence the need to push out his narrative through the online medium.

The bank through a press statement wrote:

Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank.

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.

We wish to assure our numerous customers, stakeholders and the general public that FirstBank operates by the highest standards of ethical conduct and will under no circumstances involve itself in any act of illegality just as it will take necessary legal steps to check any attempt by recalcitrant debtors to fritter away depositors’ funds under its custody. Furthermore, FirstBank remains focused on its mission of providing the best financial services to its numerous customers

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