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Ex-FirstBank boss Onasanya dismisses fraud allegation

  • Dr. Bisi Onasanya, former Group Managing Director of First Bank, dismissed allegations of fraud related to a loan transaction from 12 years ago as baseless and an attempt to tarnish his reputation.
  • The Economic and Financial Crimes Commission filed charges against Onasanya and three others for allegedly obtaining a N30bn loan under false pretenses, with arraignment scheduled for Monday.
  • Onasanya's advisor, Mr. Michael Oshunuyi, stated that Onasanya has not been served with any charges or summons regarding these claims since the investigation eight years ago.
  • Dr. Oba Otudeko also refuted allegations against him, asserting he will defend his reputation and has no interest in returning to any boards.
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