Orji Kalu Reacts To Selling Issued Shares Capital Of His Bank
Former Abia State governor Orji Uzor Kalu,Facebook

Chief Whip of the Senate, Orji Kalu, has denied selling the issued shares capital of his banking group, First International Bank (FIB), Concise News reports.

It was learned that the lgal adviser of FIB Group Limited, Obinna Kalu, noted on Monday that the report that Kalu sold the issued shares capital of FIB was misleading.

Advertise With Us

“The report that a former governor of Abia, Orji Kalu has sold the issued shares capital of his banking group- First International Bank (FIB) Group Limited, The Gambia is misleading,” a statement from him read.

“To set the records straight, Slok Nigeria Limited has not sold any of its issued shares capital in FIB Group Limited, The Gambia to any person or organisation.

“Be it known that Slok Nigeria Limited remains the legal and genuine owners of FIB Group Limited and its subsidiary banks.

“Recently, an illegal attempt by one Lilium Grays Limited to take over the subsidiary banks of FIB Group Limited was dismissed by the Supreme Court of The Gambia via a judgment delivered on July 30, 2019.

“The judgment thus reaffirmed that Slok Nigeria Limited is the legal and genuine wholly owner of FIB Group Limited and its FiBank subsidiaries in Guinea, Gambia and Sierra Leone.”