PRESIDENCY Denies A Misleading, Malicious Report Of 25 Per Cent Acquisition In First Holdco Share

Kindly send your name and location ONLY to this WhatsApp Number 09069473894 to receive our daily news updates

READ ALSO:   BREAKING: OSUN Senator Fadahunsi Quits PDP

THE Presidency has denied a report that Federal Government had a 25% involvement in First Holdco acquisition reportedly published by ThisDay Newspaper and Arise TV in their July 17, 2025 edition.

In a Press Release signed by S.A to the President on Communication and Publicity, Kamarudeen Ogundele, the office of the Attorney-General urged the media to exercise “restraint, professionalism, and due diligence in carrying out their duties to avoid violating the law.”

“We are compelled to respond to a publication by ThisDay Newspaper of July 17, 2025, and Arise TV suggesting that 25% of First Bank Holdings (First Holdco) shares were transferred to the Federal Government of Nigeria’s (FGN) trustee.

READ ALSO:  BREAKING: TINUBU Appoints Son Of Former Military President Muhammad Babangida, Others As Chairmen, Head Of Agencies (SEE LIST)

The report is inaccurate, misleading, resentful and malicious.

Neither the Federal Government of Nigeria nor the Attorney General of the Federation and Minister of Justice participated in acquiring the shares in question.

The Office of the Attorney General of the Federation and Minister of Justice debunks this falsehood to prevent confusion or misconceptions about First Holdco’s ownership and governance.

The circumstances surrounding the shareholding structure are distinct from any government involvement.

However, it is aware of a trustee set up by the First Holdco, with the CBN approving Stanbic IBTC to oversee it as a third party.

READ ALSO:   https://www.sojworldnews.com/inside-life-amotekun-arrests-man-who-allegedly-raped-35-year-old-woman-at-gun-point-in-osun-community/

We urge the media to exercise restraint, professionalism, and due diligence in carrying out their duties to avoid violating the law.

We assure the public of continuous commitment to the promotion of the Rule of Law, Justice, equity, accountability, transparency and service to the nation by the administration of President Bola Ahmed Tinubu.”

READ ALSO:   RELATIONSHIP: TOO Painful That My Daughter Weds Without My Consent – FATHER CRIES OUT

CALL 08023851511 to kick-start business relationship with us for your Documentary, Advert, PR, Publicity, Awareness, Interviews, Feature Stories, Press Release/Statement, Documentary and so on.