A major financial scandal has hit First Bank as Dr. Agbai Eke Agbai, a prominent businessman, accuses a former branch manager, Mrs. Shamlar Abosi (formerly Ihudiya Ogbonnaya Inem), of illegally diverting his N550 million fixed deposit for personal use.
Abosi, who was the account officer at the Abiriba branch in Abia State, allegedly manipulated Dr. Agbai’s account, blocking his access to alerts and mobile banking while discreetly withdrawing funds. Shockingly, part of the money was allegedly used to establish an upscale eatery in Umuahia, the Abia State capital.
Dr. Agbai, who had deposited the funds following an appeal by the bank’s former Group Managing Director to help sustain the branch, was left stunned when he attempted to retrieve his money, only to be told it had vanished.
Legal action is now underway, with Dr. Agbai taking First Bank to court, seeking full restitution of his funds. This case has sparked widespread outrage, raising concerns about financial security and accountability in Nigeria’s banking system.
With pressure mounting, all eyes are on First Bank for a response. Will justice be served?
