A financial scandal is unfolding as respected businessman Dr. Agbai Eke Agbai claims that N550 million he deposited in a fixed deposit account at First Bank’s Abiriba branch has mysteriously disappeared.
Agbai, who made the deposit following an appeal from the bank’s former Group Managing Director to help keep the branch operational in his community, expressed shock over the disappearance of his funds.
“I deposited that money into a fixed deposit account, with a certificate issued to me by First Bank. This was done to prevent the bank from being removed from Abiriba,” he stated.
The businessman revealed that upon his return to Nigeria, he attempted to withdraw funds from First Bank’s Abuja branch, only to discover that N55 million had been withdrawn without his consent. Bank officials allegedly claimed he made the withdrawal at the Uzuakoli Road branch in Umuahia, despite him being outside the country at the time.
Following an internal probe, the bank admitted to the unauthorized transaction and refunded the N55 million. However, the real shock came when Agbai attempted to close his fixed deposit account.
“That was when I started sensing trouble. When I officially requested to close my fixed deposit account, I was shocked to be informed that my N550 million was nowhere to be found,” he revealed.
The revelation has sparked outrage, raising serious concerns about banking security and internal financial misconduct. As investigations unfold, pressure mounts on First Bank to address the allegations and clarify the fate of the missing funds.
