Court Orders First Bank to Pay Interest of N2.9Bn to FAAN

A Lagos Federal High Court has ordered First Bank of Nigeria (FBN) Plc to pay the sum of N2,937,925,388.52 billion, to the Federal Airports Authority of Nigeria (FAAN) being an interest for not disclosing under-payment of credit interest on deposits in 14 different current accounts domiciled with the bank. Justice Ayokunle Faji, while delivering judgment […]