THISDAY
The Directors of FBN Holdings Plc including the Chairman of the parent company of FirstBank Nigeria Limited, Mr. Femi Otedola, presently face arrest by the court for issuing a Mareva injunction against General Hydrocarbon Limited (GHL) despite a court order against the financial institution in a suit with the oil and gas company, without disclosing to the court that the case had already been argued and determined.
It was gathered that GHL already has contempt proceedings against the directors of the financial institution, and court bailiffs and officers of the Nigeria Police Force are on their trail for arrest.
To be arrested include Otedola, the Managing Director/Chief Executive Officer, Mr. Olusegun Alebiosu, and other directors.
A letter dated November 2024, which was addressed to the Governor, Central Bank of Nigeria, Mr. Olayemi Cardoso, showed that GHL had dragged FBN Holdings to court as the holding company was seeking to frustrate and take over the oil and gas company’s bona fide assets.
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