The Digest:
Femi Otedola, chairman of First Bank Holding, has dismissed claims that he is part of the financiers of the Dangote Refinery. In a statement posted on his X account on Monday, Otedola described the reports as "completely and utterly false," stating that he has not invested "a single kobo, not one dollar, not one naira." He clarified that he has actually been requesting a special allocation to participate in the refinery's forthcoming public offer on the Nigerian Exchange Limited. Otedola added that at no point did Aliko Dangote request financing from him, Tony Elumelu, or Mike Adenuga.
Key Points:
- Otedola distances himself from false claims of being a refinery financier.
- He expresses interest in the refinery's upcoming public offer instead.
- The denial follows a similar dismissal by Dangote Group over the weekend.
- Otedola warns those peddling lies to desist immediately.
- He calls for truth over "manufactured drama" on social media.
Sources: Daily Post, Daily Trust
