Police Indict First Bank Top Management over Forgery of Arisekola’s Signature

There are indications that some top management of First bank Plc may be charged to court following the outcome of a forensic investigation over alleged forgery and willful falsification of a Deed of guarantee purportedly signed by Ismail Alao, son of the late business mogul, Alhaji Azeez Arisekola-Alao.
Ismaila Arisekola-Alao had in a petition written to the Deputy Inspector General of Police ‘’D’’ entitled ‘’urgent request to conduct forensic investigation into a case of forgery, criminal conversion, willful falsification of facts dated October 15, 2015’’ alleged that his signature and other documents were forged by top management officers of First Bank Plc to take over his late fathers companies.
Those accused persons in the petition are the Chief Legal Officer, first bank, Raymond Mbgeokwere, its Executive Director (Corporate), Head Legal Services, Ropo Okunmuyide, a former Managing Director of the bank, Bisi Onasanya and two others.
Consequently, in a circular CB/7000/X/FHQ/ABJ/VOL 36012, signed by CP Femi Oyeleye on behalf of the Deputy Inspector General of Police, the Commissioner of Police, Police Special Fraud Unit (SPFU) was directed to carry out instigation on the petition.
It was gathered that the report of investigation, confirmed the allegations of forgeries against the bank and that of the Notary Public that the bank claimed attested to the documents. Consequently, the bank official, led by its Chief Legal officer were invited and made useful statement to the Police.
The investigating team led by CSP Oketunji was said to have discovered how the bank forged late Arisekola-Alao’s signature and that of his son Ismaila on a Deed of Guarantee of Lister Oil. The report also discovered that there are fake assets ands addressees for some properties in the Deed of Guarantee to take over Lister Oil tank farm belonging Arisekola under a purported debt
The report of the instigation which was released in March has been forwarded to the office of Department of Public Prosecution for legal advice and possible prosecution of alleged offenders.
 “The son (Ismaila Arisekola-Alao) and father (late Arisekola – Alao) signatures were forged. The assets declared on the forms were false and some men existing. Notary public whom first Bank claimed stamped it “before him” wasn’t aware of the transaction. The bank forged the signatures of Arisekola Alao and his son (Ismaila) on the Deed of Guarantee of Lister Oil limited and included fake assets and addresses for some properties in the deed of guarantee to take over the Lister Oil tank farm belonging to the man under a purported debt by another company belonging to Arisekola to the bank to the tune N100m which the bank claims has now grown to over N10 billion’’, the report stated.
The family of Arisekola Alao is currently having over 5 suits in Lagos State high and federal high courts against the bank claiming several damages from the bank.



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