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HomeBankingFirstBank Denies Link To Diezani’s Alleged $153.3m

FirstBank Denies Link To Diezani’s Alleged $153.3m

First Bank of Nigeria Limited has denied any involvement in the $153.3 million allegedly belonging to the former Minister of Petroleum, Mrs. Diezani Alison-Madueke.

Justice Muslim Hassan of the Lagos Division of the Federal High Court, on Friday, ordered a seizure of the money which was purportedly stolen from the Nigerian National Petroleum Corporation (NNPC) and stashed in three Nigerian banks, in US dollars and naira, with N9.08 billion of the funds allegedly kept in FirstBank.

The judge made the order in favour of the Economic and Financial Crimes Commission (EFCC), which appeared before him with an ex parte application seeking the temporary forfeiture of the funds.

However, an official of FirstBank told New Telegraph that the lender was not involved in the transaction, stressing that the bank did not receive court summons on the issue and that the said amount was not in financial institution’s records.

Expressing concern at reports alleging that FirstBank and two other lenders had been ordered by the court to show cause within 14 days why they should not forfeit the various amounts of the fund that they had to the Federal Government, the official said the reports were completely false as FirstBank was never summoned by the court in the first place.

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“I have inquired from our legal department and they said that the bank did not receive any court summons on the issue.

There is also no record of such a transaction in the bank. “We have no involvement in the ex-minister’s money.

No N9.08 billion of Alison-Maduekwe’s money was deposited with us,” the official told our correspondent.

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