We got this scoop from someone who claims to be privy to the the conversations between FirstBank Nigeria and Zone 4 Energy Limited. You can read the unedited scoop below and make of it what you will. We will continue to update the general public as things unfold.

On the purported forgery case Zone 4 Energy Limited brought against FirstBank Nigeria management, it would appear that Zone 4 may have been economical with the truth. Apparently Zone 4 Energy owes FirstBank billions of money in loans it got for its tank farm project and has refused to pay back and this allegation against the senior officers of the bank was a ploy to put pressure on them in a bid to jettison the efforts to recover the debts owed the Bank .

In an interesting twist the hunter became the hunted… someone sent a ‘story ‘ to the media… the question on everyone’s lips now is who stands to gain? Information filtering to us on this matter suggest that Zone 4 may simply be clutching at all kinds of straws to postpone the inevitable repayment day. Maybe it is hoping this sort of public disgrace of FirstBank will force the bank back to the negotiating table with it. This definitely isn’t over yet.