Dividend warrants of first bank for year end 2011 are being returned unpaid under the guise that the dividends do not have control numbers. Dividend warrants are like bank cheques and do not get returned except it is a cloned cheque or the principal has liquidity problem. First bank has been in the news for the wrong reasons of recent since the news broke that N800million was spent on the just concluded olympic games and the ban on disbursement of approved facilities, all pointing to the fact that the bank has serious liquidity issues. With the non payment of dividend warrants now, it wont be out of place to conclude that the foremost bank has indeed beaten more than it can chew. The bank should advise shareholders on what to do on the issue of dividends that cannot be cashed

laidol: Dividend warrants of first bank for year end 2011 are being returned unpaid under the guise that the dividends do not have control numbers. Dividend warrants are like bank cheques and do not get returned except it is a cloned cheque or the principal has liquidity problem. First bank has been in the news for the wrong reasons of recent since the news broke that N800million was spent on the just concluded olympic games and the ban on disbursement of approved facilities, all pointing to the fact that the bank has serious liquidity issues. With the non payment of dividend warrants now, it wont be out of place to conclude that the foremost bank has indeed beaten more than it can chew. The bank should advise shareholders on what to do on the issue of dividends that cannot be cashed

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