Bisi Onasanya
I’m Not Involved in N12.3bn Loan Fraud – Ex-First Bank MD, Bisi Onasanya
Bisi Onasanya, the former Group Managing Director of First Bank of Nigeria, has denied allegations of involvement in a N12.3 billion loan fraud at the bank.
Onasanya’s communication advisor, Micheal Osunnuyi, issued a statement describing the allegations as baseless and an attempt to tarnish Onasanya’s reputation.
The allegations suggest that Onasanya and Oba Otudeko, former chairman of FBN Holdings, connived to secure a N12.3 billion loan from First Bank between 2013 and 2014.
However, Osunnuyi explained that the Economic and Financial Crimes Commission (EFCC) investigated the matter eight years ago and found no evidence of Onasanya’s involvement.
Onasanya retired from First Bank in 2015 and has since been focused on making a positive impact in people’s lives and other sectors of the economy. He has never shown interest in the control or ownership of First Bank or any other financial institution.
Osunnuyi noted that Onasanya is ready to cooperate with law enforcement to clear his name and appealed to the media to verify the information they disseminate and act responsibly. Onasanya is deeply grateful for the unwavering support of his family, friends, and associates, whose belief in his integrity continues to be a source of strength.