Billionaire businessman, Femi Otedola, has rubbished
an article in the dailies “clearly instigated by Mr. Nduka Obaigbena, filled
with baseless allegations aimed at smearing” his reputation.
In a statement, Otedola lamented that Obaigbena
resorted to such tactics simply because he has been asked to repay his $230
million loan.
He said the loan, facilitated with the help of the
former Central Bank of Nigeria Governor , Mr Godwin
Emefiele, was purportedly for the operation of an oil block which Obaigbena
obtained without competitive bidding.
“However, the funds were diverted for personal
use-funding Mr Emefiele’ presidential aspirations, acquisition of luxury
properties abroad, the operation of a private jet, and an extravagant $68
million spent on jet rentals in just four years. Mr Obaigbena’s profligacy is
well known, as is his penchant for using his media platforms to blackmail and
silence those who hold him accountable,” he said.
Otedola said as Chairman of First Bank Holdings, his
primary responsibility is to protect the interests of the bank’s shareholders
and depositors.
He said actions initiated in the courts were necessary
to recover funds that belong to depositors and ensure corporate governance.
“Mr Obaighena’s penchant of blackmailing people to
escape accountability must end, especially when depositors’ money is at stake.
My commitment to upholding the integrity of the financial system and protecting
depositors outweigh any cheap attempts at blackmail,” he said.
The businessman reminded the public that his integrity
is not in question.
“As Chancellor of Augustine University and a
benefactor of Save the Children Fund, I continue to dedicate my wealth to noble
causes. I will not allow unscrupulous elements to derail the efforts of First
Bank to recover loans or jeopardize the financial security of our
shareholders,” Otedola said.
He concluded by assuring all stakeholders of his
steadfastness in the mission to protect First Bank’s integrity and ensure its
continued success.
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