First International Bank, FIB, is apparently not taking issues with some of its defaulting customers lightly as the bank is now battling it out with them in the law-court.
FIB is, at present, struggling to recover several amounts of money owed it by some of its customers. The bank would also like interest paid on these loans.
Pastor Wilmot Johnson Cole had owed the bank an amount of D9, 236.91 and an interest of 25 per cent until such time that the money is fully paid.
Another customer, Sidi Sanneh, owed the bank D376, 273.97 at the interest rate of 25% whilst Umelo Georgina Valentine was said to have owed the bank an amount of D17, 213.18. Mr. Baara Ceesay (trading as Solid Engineering) owed the bank the sum of D98, 723.43.
The loans have, according to records, matured but the defendants had failed to settle them despite repeated demands.