FIRST BANK Plc ALLEGEDLY FORGES DOCUMENTS AGAINST WHITEPLAINS BRITISH SCHOOL, FLOUTS COURT JUDGEMENT.


The court case between Whiteplains British School, Jabi Abuja and First Bank Plc is far from over as First Bank appears bent in illegally taking over the property known as Whiteplains British Secondary School located at Jabi, Abuja.
‎
During an interview with the Director of Whiteplains British School, he had the following words to explain…”in 2005, Whiteplains British School took an initial loan of N450,000,000 (four hundred and fifty million naira only) from GTBank. Subsequently, we needed another loan of N200, 000, 000 (two hundred million naira), which GTBank appeared hesitant in giving us. We were however approached by First Bank Nigeria Plc that they were ready and willing to help us with the loan. First Bank paid off the initial loan of N450, 000, 000 and went further to credit our account with the sum of N200, 000, 000”
‎
As it stands now, First Bank Plc is said to be eager to obtain the property at all costs and went the extra mile to allegedly forge a document known as tripartite mortgage. In that tripartite mortgage, First Bank claims that Dr. L.C. Ibe, a former permanent secretary of the Federal Ministry of Water Resources, signed as surety in the year 2014, claiming Dr. L.C. Ibe signed as surety that in the event of failure of Whiteplains British School to pay the loan, First Bank Plc can obtain ownership of the property. Meanwhile, it is clearly on record that Dr. L.C. Ibe, the so-called surety as claimed by First Bank, died in 2013, and was in fact buried on a Friday, March 15th 2013. Can a dead man sign a document? First Bank has refused to answer this all-important question. This is no doubt a criminal act.
‎
It might also interest the general public to know Dr. L.C. Ibe, the man whose signature was allegedly forged by First Bank plc, is the seller of the property to the management of Whiteplains British School, and therefore cannot sign a surety for property which he has already sold.‎
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In accordance with the rule of law, the management of Whiteplains British School took the issue to court and tried to obtain a fair hearing. At the end of the court hearing, Justice B.F.M. Nyako of the Federal High Court Abuja passed judgment on the 19th of December 2016, and it states the following- the 1 and 2 questions are answered in the affirmative. Consequently I hereby order as per the reliefs sought with modifications.
‎
Relief 1, Mr. Bola Olotu is the duly appointed receiver appointed by the 1stapplicant and can perform all the duties stated therein without being visible in the administration of the school so as not to traumatize the students.
Flowing from the above, relief 2 is granted with the modification that Mr. Bola Olotu takes over, finance activity of the school.
Relief 3 is granted with very minimal presence of uniformed policemen at the school premises.
Relief 4 is granted with the emphasis that the sharing formula should be used so that the school remains open and operational with teachers and staff salaries paid.
Relief 5 is not granted. Only monies relating to the facility should be lodged with the 1st applicant account.
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In addition, the 1st applicant should enable the 1st respondent access to the properties used as collateral for the Guaranty Bank loan so that they can sell off same to enable them repay the loan with them.
‎
All efforts by Whiteplains British School to appeal to the good conscience of First Bank has repeatedly failed, and the school is left with no other option than to take this matter to the doorstep of public conscience in the light that First Bank would henceforth rescind on there double standards and dishonest acts of flouting court judgments.
‎
Moreover, on the 8th July 2018, officials of First Bank Plc came with armed policemen to erect an illegal fence across the main entrance gates of Whiteplains British secondary school. This is the extent to which First Bank Plc intends to erode the judgment of the Federal High Court.
‎
The board, management and staff of Whiteplains British School, hereby call on First Bank to stop the total disregard of court judgments and also calls on relevant authorities to help temper justice with facts, as we continue to pledge our undying commitment to contributing to the development of Nigeria’s educational sector. It is common knowledge that Whiteplains British School is recipient to several awards including a Special Consultative Status with the United Nations, Platinum Award for Education Development in FCT 2013, Best Secondary School 2012 by the Institute of Government Research & Development, 2010 and 2011 Teen ICT Favorite School Award, Africa Entrepreneurs Merit Award, Nigeria Entrepreneurs Award and several others.
‎
With its background in educational forte, we remain committed to our calling and will not trade evil for evil.
 
 http://supremetv.com.ng/2018/07/09/first-bank-plc-allegedly-forges-documents-against-whiteplains-british-school-flouts-court-judgement/

Wetin concern bank and skool?

So Bank dey fraud too.

Forgery here forgery there... I need to relocate to a saner clime

Chai, forgery everywhere!

All those documents that were used to make Nigeria one country, hope we won't hear soon that Lugard and his people forged them?

This is Nigeria
Everybody be criminal
First bank dey forge certificate
them talk say nah...
I no sabi sing again

In this matter, I would like to hear out First Bank PLC.

But why would someone borrow N450M and N200M to start a "supiri supiri" school Why not start small and grow?

Now, you want us to crucify FBN. How many of your rich students can owe you for a term, sorry t3:m?

Welcome to Nigeria where everybody and institutions be thief.


May God destroy this nation with fire and brime stone Amen

Is this the school they used 650Million to build in 205? There is a fat snake in that school.
And how did Mr Ibe got that property to sell in the first place.
You know 650M in 2005 is equivalent 1.1Billion Naira today at least.

These people are funny. Both the bank and the school management. At all cost though the bank will get it’s money. This is why proper KYC is necessary in granting loans

This is the problem I have with people. How do you take a loan of 650M since 2005 and you have not paid. Thirteen whole years. If na so other businesses no pay their loan, Una for see loan collect? A business you did in secret based on trust, you are now running to Nigerians, talking about how bank forged document so we can do what exactly? Yet Una dey charge ridiculous school fees. Pay what you owe and stop stressing us abeg. Look at the school they used 650m to build in 2005. Later we will be blaming govt.

Nigeria freelancers will be among the population to suffer from this terrible image Nigeria is upgrading to.

Afro3:
FIRST BANK Plc ALLEGEDLY FORGES DOCUMENTS AGAINST WHITEPLAINS BRITISH SCHOOL, FLOUTS COURT JUDGEMENT.


The court case between Whiteplains British School, Jabi Abuja and First Bank Plc is far from over as First Bank appears bent in illegally taking over the property known as Whiteplains British Secondary School located at Jabi, Abuja.
‎
During an interview with the Director of Whiteplains British School, he had the following words to explain…”in 2005, Whiteplains British School took an initial loan of N450,000,000 (four hundred and fifty million naira only) from GTBank. Subsequently, we needed another loan of N200, 000, 000 (two hundred million naira), which GTBank appeared hesitant in giving us. We were however approached by First Bank Nigeria Plc that they were ready and willing to help us with the loan. First Bank paid off the initial loan of N450, 000, 000 and went further to credit our account with the sum of N200, 000, 000”
‎
As it stands now, First Bank Plc is said to be eager to obtain the property at all costs and went the extra mile to allegedly forge a document known as tripartite mortgage. In that tripartite mortgage, First Bank claims that Dr. L.C. Ibe, a former permanent secretary of the Federal Ministry of Water Resources, signed as surety in the year 2014, claiming Dr. L.C. Ibe signed as surety that in the event of failure of Whiteplains British School to pay the loan, First Bank Plc can obtain ownership of the property. Meanwhile, it is clearly on record that Dr. L.C. Ibe, the so-called surety as claimed by First Bank, died in 2013, and was in fact buried on a Friday, March 15th 2013. Can a dead man sign a document? First Bank has refused to answer this all-important question. This is no doubt a criminal act.
‎
It might also interest the general public to know Dr. L.C. Ibe, the man whose signature was allegedly forged by First Bank plc, is the seller of the property to the management of Whiteplains British School, and therefore cannot sign a surety for property which he has already sold.‎
‎
In accordance with the rule of law, the management of Whiteplains British School took the issue to court and tried to obtain a fair hearing. At the end of the court hearing, Justice B.F.M. Nyako of the Federal High Court Abuja passed judgment on the 19th of December 2016, and it states the following- the 1 and 2 questions are answered in the affirmative. Consequently I hereby order as per the reliefs sought with modifications.
‎
Relief 1, Mr. Bola Olotu is the duly appointed receiver appointed by the 1stapplicant and can perform all the duties stated therein without being visible in the administration of the school so as not to traumatize the students.
Flowing from the above, relief 2 is granted with the modification that Mr. Bola Olotu takes over, finance activity of the school.
Relief 3 is granted with very minimal presence of uniformed policemen at the school premises.
Relief 4 is granted with the emphasis that the sharing formula should be used so that the school remains open and operational with teachers and staff salaries paid.
Relief 5 is not granted. Only monies relating to the facility should be lodged with the 1st applicant account.
‎
In addition, the 1st applicant should enable the 1st respondent access to the properties used as collateral for the Guaranty Bank loan so that they can sell off same to enable them repay the loan with them.
‎
All efforts by Whiteplains British School to appeal to the good conscience of First Bank has repeatedly failed, and the school is left with no other option than to take this matter to the doorstep of public conscience in the light that First Bank would henceforth rescind on there double standards and dishonest acts of flouting court judgments.
‎
Moreover, on the 8th July 2018, officials of First Bank Plc came with armed policemen to erect an illegal fence across the main entrance gates of Whiteplains British secondary school. This is the extent to which First Bank Plc intends to erode the judgment of the Federal High Court.
‎
The board, management and staff of Whiteplains British School, hereby call on First Bank to stop the total disregard of court judgments and also calls on relevant authorities to help temper justice with facts, as we continue to pledge our undying commitment to contributing to the development of Nigeria’s educational sector. It is common knowledge that Whiteplains British School is recipient to several awards including a Special Consultative Status with the United Nations, Platinum Award for Education Development in FCT 2013, Best Secondary School 2012 by the Institute of Government Research & Development, 2010 and 2011 Teen ICT Favorite School Award, Africa Entrepreneurs Merit Award, Nigeria Entrepreneurs Award and several others.
‎
With its background in educational forte, we remain committed to our calling and will not trade evil for evil.
 
 http://supremetv.com.ng/2018/07/09/first-bank-plc-allegedly-forges-documents-against-whiteplains-british-school-flouts-court-judgement/

ex

Wize1:
This is the problem I have with people. How do you take a loan of 650M since 2005 and you have not paid. Thirteen whole years. If na so other businesses no pay their loan, Una for see loan collect? A business you did in secret based on trust, you are now running to Nigerians, talking about how bank forged document so we can do what exactly? Yet Una dey charge ridiculous school fees. Pay what you owe and stop stressing us abeg. Look at the school they used 650m to build in 2005. Later we will be blaming govt.

Same thing on my mind.
They collected the loan, time to pay up they are trying to defraud the bank in the name of demised or nonexisting guarantor.

They should pay up the damn loan instead soliciting for public conscience.
Business knows no conscience!

Wize1:
This is the problem I have with people. How do you take a loan of 650M since 2005 and you have not paid. Thirteen whole years. If na so other businesses no pay their loan, Una for see loan collect? A business you did in secret based on trust, you are now running to Nigerians, talking about how bank forged document so we can do what exactly? Yet Una dey charge ridiculous school fees. Pay what you owe and stop stressing us abeg. Look at the school they used 650m to build in 2005. Later we will be blaming govt.

Imagine.

I sincerely doubt the court judgement is in their favor as they want us to believe.
If a court judgement is in your favor with the calibre of parents whose children attend your school,it will be pretty difficult to First bank to flout the court order using the police.
Court judgement is in your favor,with calibre of students parents,yet you are appealing to the public to come intervene?It doesn't make sense.They are either misinterpreting the court judgement,as,Innoson motors did against GTB,or are deliberating peddling falsehood.
Anyway,lets wait for First Bank's response,particularly now they have been accused of falsifying documents.

Funny people... That loan they are appealing to Nigerians for will give several people in the bank sleepless nights.....is the man trying to escape paying back or what?

650 mill is not beans

The school should have focus in their loan because every individual or organization given out will in one point or the other try to claim your property.if the school had documented everythings well as educated institution and focus on paying their loan all this grammer am seening would not have exit, Nigeria is these and that but we most live with sense.

Loan takeovers most times always turn out to be bad deals. Guaranty Trust had already seen the signs of a delinquent asset, I am sure that is why they easily sold the loan to First Bank. No bank Sells a good asset.


However the school is not totally truthful ,a loan of over 450 million would have been well documented .They should face their problem abeg. Someone should please tell them to pay up abeg ,their bad debt is a threat to depositors fund .

I wonder what dingbang would have to say about this.

Y not pay ur loan?...how can u collect a loan of 600m and u didnt pay since 2005?...depositors funds?some big men are despicable!collect loan knowning full well that u have no intention of paying....smh

Won't it be smart for First bank to appoint a manager for the school and ensure that all monies for the school are paid into an account on First bank. That way, the school still keeps running and First bank takes it money little by little?

First bank makes me laugh here. Closed my account with them last week due to their stupid attitude to my account.
Now see the hypocrites being emeshed in real fraud here. Lol.
GTB rocks jare!

Twoclans:
Loan takeovers most times always turn out to be bad deals. Guaranty Trust had already seen the signs of a delinquent asset, I am sure that is why they easily sold the loan to First Bank. No bank Sells a good asset.


However the school is not totally truthful ,a loan of over 450 million would have been well documented .They should face their problem abeg. Someone should please tell them to pay up abeg ,their debt is a threat to depositors fund .

I wonder what dingbang would have to say about this.

what if the bank is envious of the owner of the property due to its value over the years,n now wants it more than the loan taken? "this is naija"-falz.

Wize1:
This is the problem I have with people. How do you take a loan of 650M since 2005 and you have not paid. Thirteen whole years. If na so other businesses no pay their loan, Una for see loan collect? A business you did in secret based on trust, you are now running to Nigerians, talking about how bank forged document so we can do what exactly? Yet Una dey charge ridiculous school fees. Pay what you owe and stop stressing us abeg. Look at the school they used 650m to build in 2005. Later we will be blaming govt.

no mind those idiot make dem no go settle dia debts

When Whiteplains was chopping the money, it was not our business. Why should it be our business now?

Go and settle with who you borrowed money from.

Na forging era we dey now.

The school have defaulted their credit payment obligations, they have defaulted! From my own point of view i think the FG should look into the credit facilities granted my commercial banks, because loans granted to persons or group of person was conventionally established to enhance growing businesses which in turn boost economic growth, so pitiful that reverse is the case, Loan grants by this so called commercial banks are becoming a trap/route in acquiring someone else's property unduely.

base on the exigency catalyst i think commercial banks should calm their nerves for some time before acting like tyrants... Moreover the funds they loan out to customers is gotten from the savings-surplus group unit of the economy, they should give some considerations however, i wonder what has gone wrong with re-scheduling and consideration before Take-over.

We havenot listen to the story from the otherside so we may not constructively speak about the forgery case, but if it turn out to be forgery hmmm then i think it is a blow on the faces of the commercial bank, and a threat to justice elsewere as they, say is a threat to justice everywhere
If First bank can forge documents, then any bank can

I m not even doubting...

By the way GTB cannot tell us that they didnt know that innoson motors presented fake documents to acquire loan from them, but base on the anxiety of having a top notch business mogul on thier payables list, and also the overstated interest charge they will charge him in subsequent time, they overlooked it, now they are trying to use the crime they were an accomplice to/negligible at, to juggle up the one they actually commited

This conuntry is a joke abeg, one of the biggest financial crimes are commited in the banks, if u know u know