Business

Slok Affirms Ownership of FIB Group, Denies Selling Share Capital

Slok Nigeria Limited has affirmed its complete ownership of FIB Group, including its subsidiaries.

In a press statement titled “Issued Share Capital of FIB Group Limited: Setting the Records Straight”, and signed by the Group’s Legal Adviser, Mr. Obinna Kalu, Esq, it was hinted that reports that Slok has sold its issue share capital were false, stating that Slok remains the authentic owners of FIB Group.

Below is the statement:

This is to inform the general public that the online report credited to Premium Times that a former Governor of Abia State, Orji Kalu has sold the issued share capital of his banking group- First International Bank (FIB) Group Limited, The Gambia is misleading .

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

Be it known that Slok Nig Ltd remains the legal/genuine owners of FIB Group Ltd. and its subsidiary banks. Recently, an illegal attemp by one Lilium Grays Ltd to take over the subsidiary banks of FIB Group Limited was dismissed by the Supreme Court of The Gambia via a judgment delivered on 30th July, 2019, thus reaffirming that Slok Nigeria Ltd is the legal/genuine wholly owner of FIB Group Limited and its FiBank subsidiaries in Guinea, Gambia and Sierra Leone.

Obinna Kalu, Esq Legal Adviser (FIB Group Ltd.)

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