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FBN Holdings rebutted MD’s order of arrest

by Usman Kadri
February 20, 2023
Reading Time: 2 mins read
FBN Holdings to hold AGM, says not court order stopping it

FBN Holdings

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FBN Holdings, a leading African banking and financial services group, has rebutted a trending malicious publication made against the Managing Director of FirstBank Nigeria Plc whilst using the name and image of the GMD of FBN Holdings.

The publication has insinuated that the Group Managing Director of the Holding company, Nnamdi Okonkwo was involved in a purported raid of Asiwaju Bola Ahmed Tinubu’s home by the Economic and Financial Crimes Commission, EFCC.

But in a statement Monday, the Group states categorically that this is fake news which has already been debunked by EFCC in their publication titled: ‘EFCC Did Not Raid Tinubu’s Home’ and signed by the Commission’s Head, Media & Publicity on its verified twitter handle.

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According to FBN Holdings, the false news also included a claim that an order of arrest has been made against the MD of FirstBank whilst using the name and image of the GMD of FBN Holdings.

“Neither the Managing Director of the Bank nor the Group Managing Director of the Holding company, Nnamdi Okonkwo have any involvement with the matters alleged in this made up news story nor is there an order of arrest against either one of them,” the statement reads.

It continued: “The public should disregard this and all such similar stories whilst the authorities are called upon to fish out the perpetrators of this malicious story.”

Signed:
Management

About FBN Holdings
FBN Holdings Plc is a leading African banking and financial services group serving individuals, businesses, organisations and governments in leading markets across the continent and globally.

FBNHoldings’ principal bank subsidiary is First Bank of Nigeria Limited (FirstBank), Nigeria’s foremost financial institution and leading banking services provider.

FirstBank has forged an incredible partnership with its people and built an enduring heritage through a vast array of seasons and societies, to remain an icon of Gold Standard in today’s financial services industry in Africa and beyond.

FirstBank with operations in 10 countries, with subsidiaries that includes FBNBank (UK) Limited, FBNBank in the Democratic Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, and First Pension Custodian Limited.

Others are the Merchant Banking and Asset Management businesses, which comprise FBNQuest Merchant Bank Limited, FBNQuest Capital Limited, FBNQuest Securities Limited, FBNQuest Asset Management Limited, FBNQuest Trustees Limited and FBNQuest Funds Limited.

FBN Insurance Brokers Limited is a wholly-owned subsidiary of FBNHoldings committed to supporting businesses through expert broking knowledge in energy/special risks, aviation and domestic insurance, like property, liability, auto and construction.

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