FBN Holdings debunks arrest of GMD, First Bank MD

Admin l Monday, February 20, 2023

 

LAGOS, Nigeria – The management of FBN Holding Company has said that no order of arrest has been made against its Group Managing Director, Mr. Nnamdi Okonkwo nor the Managing Director of its principal bank subsidiary, First Bank Nigeria Limited, Dr. Adesola Adeduntan contrary to reports in the media.

The bank said in a statement that the purported arrest is nothing but a fake news, already debunked by the Economic and Financial Crimes Commission, EFCC  in the publication titled, “EFCC Did Not Raid Tinubu’s Home’ and signed by the Commission’s Head, Media & Publicity on its verified twitter handle.

The bank noted that neither the MD of the bank nor the GMD of the Holding company, Nnamdi Okonkwo has any involvement with the matters alleged in ‘this made up news story’.

It called on members of the public to disregard the story and all such similar stories, calling on the authority to fish out perpetrators of the “malicious story”

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

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.

The bank has forged an incredible partnership with 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 operates 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.