Home Education FBN-Holding dismisses allegation of MD’s arrest by EFCC as fake news

FBN-Holding dismisses allegation of MD’s arrest by EFCC as fake news

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A leading banking and financial services group in Nigeria, FBN-Holding has denied the arrest of its MD by the operative of Economic and Financial Crimes Commission (EFCC) as rumoured by some mischievous elements.

In a statement released by the management of the leading financial organization, it described such news as fake that lacks any iota of truth must be disregarded by members of the public.

According to the statement titled; Malicious Publication-Rebutal, the EFCC has debunked the said news and cleared the air on the matter.

The statement read, “Our attention has been drawn to false news making the rounds 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. We wish to state categorically that this is fake news Awhich 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.
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.”.

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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