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Published On: Mon, Mar 18th, 2019

First Bank to face Reps C’ttee over alleged N630m loan forged document

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By Christiana Ekpa

The First Bank top echelon staff are expected to face House of Representatives Committee on Public Petition, on Thursday, over alleged N630million document forgery involving WhitePlains British School, in Abuja.
In a petition dated November 26, 2018 and signed by the school’s Administrator, Dr. Francis Nwufoh, the petitioner disclosed that the bank used forged documents to seal the school over a loan yet to expire.
Recall that the investigative hearing was stalled last week Tuesday to honour Hon Temitope Olatoye who passed on the previous Saturday.
In the petition, it was alleged that the bank unileterally sealed off the school over a N630m loan scheduled to expire on June 12, 2019.
The petitioners asked the committee to address “Why did First Bank of Nigeria file a suit just to claim and take over the School without establishing any monetary debt claim it has against the School?
ii) Why did First Bank of Nigeria, an acclaimed Judgment Creditor throw the judgment of our Court to a dustbin and on its own seal up the School on a Sunday?
iii) Why did First Bank of Nigeria allow nefarious persons to deny our future leaders their own “cradle of civilization” School?
The answer is simple. It is the intoxication of unbridled greed and forgery against an unsuspecting Whiteplains British School that wholeheartedly believed that it was relating with an epitome of noble financial body; a bank.
It was further stated among others that: “Very disturbing in the Bank’s above loan contract with Whiteplains British School is the curious perplexing strange document, a said Tripartite Legal Mortgage suddenly brought in as if it was part and parcel of the Bank loan arrangements with Whiteplains British School,
“The snakey Tripartite Legal Mortgage is said to have been entered into by 1. First Bank Nigeria Plc. 2. Whiteplains British School Ltd. 3. France Lee Nigeria Ltd, styled a Guarantor.

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