EFCC ARRAIGNS ONE FOR ALLEGED N6.8M FRAUD IN ABUJA. (PHOTO). #PRESS RELEASE

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 EFCC Arraigns One for Alleged N6.8m Fraud in Abuja The Abuja Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Wednesday, September 16, 2026, arraigned one Idris Gana Mohammed before Justice A M Abdullahi of the High Court of Federal Capital Territory, Maitama,  Abuja.  The defendant was arraigned on a one- count charge bordering on criminal misappropriation and obtaining money by false pretence to the tune of N6, 850,000.00 (Six Million, Eight Hundred and Fifty Thousand, Naira only ). Count one of the charge reads. “That you Idris Gana Mohammed sometimes between 10th and 13th June 2026, at Abuja, within the jurisdiction of this honorable court, dishonestly converted to your personal use the aggregate sum of N6, 850,000.00 (Six Million, Eight Hundred and Fifty Thousand only), being payment for a black Toyota Camry from Ampatech Nigeria Limited and hereby committed an offence contrary to Section 308 of Panel code law of the FCT and punishable und...
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AGF DENIES FG'S INVOLVEMENT IN FIRST HOLDCO SHARE ACQUISITION. (PHOTO). #PRESS RELEASE.

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STATEHOUSE PRESS RELEASE


AGF denies FG's involvement in First Holdco Share Acquisition


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. 


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. 


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.


Kamarudeen Ogundele,

S A to the President on Communication and Publicity,

Office of the Attorney General of the Federation and Minister of Justice 

July 18, 2025

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