The Central Bank of Nigeria (CBN) fined FBN Holdings subsidiary, First Bank of Nigeria Limited, N13.5 million for fraudulent dealings and other contraventions in 2022.
In a statement obtained on Saturday from FBN Holdings’ financial statements, released on Friday, it was revealed that the CBN penalised First Bank N2 million for fraudulent dealings/withdrawal through the opening of fraudulent accounts.
The lender was also hit with an N11.5 million fine for infractions in the month of April in respect of the CBN-NESI Stabilization Strategy by First Bank Kaduna.
