First Bank of Nigeria Limited (FirstBank) has issued an official statement addressing recent media reports regarding a commercial transaction with General Hydrocarbons Limited (GHL), which is currently the subject of ongoing litigation. As a law-abiding institution that respects judicial processes, FirstBank emphasized its inability to comment on matters pending before the courts. However, the bank clarified certain inaccuracies and false narratives circulating in the media. The dispute stems from a series of credit facilities extended by FirstBank to GHL for the development of Oil Mining Lease assets. According to FirstBank,…
Read MoreFIRSTBANK CLARIFIES LITIGATION REPORTS, REAFFIRMS COMMITMENT TO EXCEPTIONAL BANKING SERVICES
