Our attention has been drawn to the online media reports on Agatha Igwe who is standing trial for allegedly obtaining N42 million under false pretense.

Contrary to the reports she was not a staff of the bank, but was an outsourced Retail Sales Agent (RSA) who has since stopped working for the bank. Furthermore the referenced transaction has no direct involvement with the bank.  It was a private transaction involving her, MD of Catrace Enterprises (her husband) and MD/CEO of Maydon Pharmaceuticals (her cousin). This fact was acknowledged by all parties during initial investigations and was attested to in separate police statements.

As a responsible corporate citizen, we conduct our business in line with laws of the federation and global banking practices and standards. We do not encourage scams or illegal and fraudulent activities. This disclaimer is therefore issues to clear the misrepresentation and such attempts to associate us with Agatha Igwe and this matter.

Thank you


Charles Aigbe
Divisional Head Brand & Communications


Thank you.