SETTING THE RECORDS STRAIGHT ON CITIZEN ASAR MICHAEL SESUGH'S DEATH. (PHOTO).#PRESS RELEASE.

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 Setting the Records Straight on  Citizen Asar Michael Sesugh's  Death The Economic and Financial Crimes Commission,  EFCC,  considered it imperative to clear the air on some recent incidents at its Makurdi Zonal Directorate,  Benue State.   Operatives of the Directorate arrested 26 suspected cyber fraudsters on April 28,  2026.  They were profiled and kept in custody for further investigations after obtaining a Remand Order at a Magistrate Court.  Shortly after their arrest,  specifically on May 4,  2026,  three of the suspects sought permission to use the lavatory at the Directorate's  Holding Facility and were permitted.   They cashed in on the opportunity,  broke the toilet's roof and escaped from detention.  Several efforts were made to re- arrest them to no avail. However,  fresh intelligence came on Thursday,  May 21,  2026 that one of the escaped suspects,   As...

AGF DENIES FG'S INVOLVEMENT IN FIRST HOLDCO SHARE ACQUISITION. (PHOTO). #PRESS RELEASE.



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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