First Bank Fires 100+ Employees After ₦40 Billion Fraud Scandal
First Bank of Nigeria has fired more than 100 employees following the discovery of a ₦40 billion fraud by operations manager Tijani Muiz Adeyinka.
The fraud involved manipulating chargebacks over two years, leading to the dismissal of several staff members for supervisory negligence.
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The incident led to the abrupt resignation of CEO Dr. Adesola Adeduntan in April 2024.
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