The Workplace of the Lawyer Common of the Federation and Minister of Justice, Lateef Fagbemi, has refuted experiences linking the Federal Authorities to a 25 per cent share acquisition in First Financial institution Holdings. In a press release issued on Friday, the Particular Assistant to the President on Communication and Pub…
The Workplace of the Lawyer Common of the Federation and Minister of Justice, Lateef Fagbemi, has refuted experiences linking the Federal Authorities to a 25 per cent share acquisition in First Financial institution Holdings.
In a press release issued on Friday, the Particular Assistant to the President on Communication and Publicity, Kamarudeen Ogundele, described the July 17 publication on information platforms as “inaccurate, deceptive, resentful and malicious.”
The assertion partly learn,” We’re compelled to reply to a publication by ThisDay Newspaper of July 17, 2025, and Come up TV suggesting that 25% of First Financial institution Holdings (First Holdco) shares had been transferred to the Federal Authorities of Nigeria’s (FGN) trustee.
“Neither the Federal Authorities of Nigeria nor the Lawyer Common of the Federation and Minister of Justice participated in buying the shares in query.”
The AGF’s workplace additional clarified that the possession and governance of First Holdco stay impartial of any federal involvement.
“The circumstances surrounding the shareholding construction are distinct from any authorities involvement,” the assertion added.
Nonetheless, it confirmed {that a} trustee was established by First Holdco, and that the Central Financial institution of Nigeria permitted Stanbic IBTC as a third-party overseer.
The Presidency urged media organisations to train “restraint, professionalism, and due diligence” in reporting delicate monetary issues, cautioning in opposition to violating the legislation.
“We guarantee the general public of steady dedication to the promotion of the Rule of Regulation, Justice, fairness, accountability, transparency and repair to the nation by the administration of President Bola Ahmed Tinubu,” Ogundele said.
