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Investigative hearing by the House of Representatives committee on Public petition will begin today (Thursday) as top echelon staff of First bank are expected to defend how an alleged N630 mililon loan document was falsified involving Whiteplains British School in Abuja.
The committee led by Rep Uzoma Nkem-Abonta , the petition committee is adjudged as the voice of the masses is expected to dig deep into the allegations leveled against one of the premier Banks in Nigeria.
In a petition dated November 26, 2018 and signed by the school’s Administrator, Dr Francis Nwufoh, the petitioner had avowed that the bank used forged documents to seal the school over a loan yet to expire. 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?
Nwufoh further alleged in the petition that with the said tripartite agreement, First Bank secured an order of court to appoint a receiver in the process of taking over the multi billion naira school. Whereas the bank insisted that it got a judgement in a suit marked FHC/ABJ/CS/1023/2015, to take over the school by appointment of a receiver, the management of Whiteplains are contending that it used falsified papers.
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.