ANAMBRA GOVT REAFFIRMS MEGA CITY DRIVE, DEMOLISHES SCORES OF ILLEGAL STRUCTURES. (PHOTO).#PRESS RELEASE

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 Anambra Government Reaffirms Mega City Drive, Demolishes Scores of Illegal Structures By Ruth Orji  The Anambra State Government has reaffirmed its commitment to the ongoing regeneration drive and restoration of sanity across the state through enforcement exercises and demolition of illegal structures statewide. The exercise was led by the Commissioner for Physical Planning and Urban Development, Barrister Chijioke Ojukwu, on July 8, in line with the Physical Planning Law of Anambra State. Stating that it is no longer business as usual, the commissioner urged residents to take every notice received from the ministry seriously and comply promptly with planning regulations henceforth. He, however, said several eviction notices had been served but were taken with a pinch of salt, adding that demolitions followed because structures defaced the environment or obstructed pedestrian walkways. In Nnewi, a building erected on a drainage channel was demolished, while several shanties a...
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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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