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A former employee of First Bank of Nigeria Limited, Adesuwa Ezenwa, has accused billionaire industrialist Oba Otudeko of massive fraud during his time as chairman of FBN Holdings Plc, the parent company of the bank.

Bisi Onasanya, the bank’s managing director/chief executive officer at the time, was also named in the allegations.

Mrs Ezenwa, who the bank summarily dismissed in October 2016, has initiated legal action against First Bank at the National Industrial Court of Nigeria, Lagos Judicial Division, seeking redress for the termination of her appointment, which she said was done “without any reason whatsoever being offered.”

The former First Bank staffer is, among other reliefs, demanding five hundred million naira in damages and twenty-five million naira in legal costs.

In court documents obtained by PREMIUM TIMES, Mrs Ezenwa alleged that the bank’s credit disciplinary committee made her bear the brunt of granting unsecured loan facilities worth billions of naira to companies in which Mr Otudeko had substantial investments, while her superiors who approved and granted the credit were not so penalised.

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