Abia Businessman Sues First Bank Over Alleged ₦550m Fixed Deposit Fraud

In his lawsuit, filed by his lawyer, Ebuka Nwaeze, the claimant stated that First Bank has refused to return the deposit made by their client. This cumulative deposit amounting to N550 million was initiated by their client following the threat of withdrawal of the Branch from Abiriba, in furtherance to his desire to sustain the development of the Community of which he is a leader.

The claimant stated that as a community leader, he viewed the deposit as a contribution to local development.

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