Former Group Managing Director of First Bank, Dr Bisi Onasanya, has dismissed allegations on the social media, suggesting his involvement in a purported commercial loan facility transaction controversy carried out 12 years ago at First Bank.

In a statement over the weekend, Onasanya, who spoke through his Communication Advisor, Mr Michael Oshunuyi, described the claims as baseless and an attempt to tarnish the reputation of the renowned retired banker and chartered accountant.

“Our attention has been drawn to allegations and charge sheet circulating on social media, suggesting Dr Bisi Onasanya’s involvement in a purported commercial loan controversy at First Bank 12 years ago.

“While we have consistently chosen to ignore such baseless attacks for over ten years, the growing concern expressed by family, friends and associates from across the globe compels us to address these unfounded claims.” The communication advisor said Onasanya served First Bank with dedication and integrity throughout his career.

“His stellar reputation of integrity, built over four decades of impeccable professional service, cannot and will not be tarnished by these false allegations and incorrect charges,” the statement noted.

It added that the matter in question was investigated eight years ago by the Economic and Financial Crimes Commission two years after Onasanya had voluntarily and meritoriously retired from the bank as the group managing director upon the completion of two terms in office, saying that since then, Onasanya had not been contacted on this matter and had remained willing to support and cooperate with the law enforcement if required.

It also noted that, to date, Onasanya had not been served with any charges, summoned or formally invited by any court or investigating agency regarding the claims since the matter was investigated and dispensed eight years ago.

“We are confident that the truth will ultimately prevail and that justice will be served. Dr. Onasanya remains committed to upholding his unblemished record and will continue to cooperate fully within the ambit of the law to clear his name,” the statement concluded.