First Bank of Nigeria Accused of Sacking Over 100 Employees In Connection with a ₦40bn Fraud Scandal

According to X user WizardEyes, the bank also froze the personal accounts of the affected employees.

Also read: Police say FirstBank staff stole customers’ N650m

The user further claimed that several of these employees were detained for at least six hours by the Nigeria Police Force at the Lion’s Building for questioning.

These claims have garnered significant attention, prompting further scrutiny of the bank’s operations.

Further investigation reveals that one Tijani Muiz Adeyinka, a manager on the operations team diverted ₦40billion naira in 2 years.

Adding to the controversy, another user, Dr. Mike Adeshina, recounted a troubling personal experience with First Bank.

The user discovered an unauthorised transaction of over ₦250,000 from their account, which did not trigger any SMS alerts.

Upon contacting his account officer, Adeshina was informed that the transaction was a mistake by the bank and that the debited amount would be returned.

The reversal only reflected in the app, with no accompanying SMS notification, raising further concerns about the bank’s transparency and security practices.

This user expressed suspicion about First Bank, noting that despite receiving SMS alerts for other transactions, this particular unauthorised transaction went unnoticed until manually checked.

The bank has yet to issue an official statement regarding these allegations, while calls to the bank’s media representatives to confirm these allegations were not returned as at the time of filling this report.

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