Orji Kalu Cries Out Over Alleged Plot To Steal His Bank, Loses Senate Seat

By Emmanuel Aziken

On a day that his election as a senator was annulled, Chief Orji Kalu, former governor of Abia and Senate Chief Whip was forced to cry out over what he claimed as a plot to take his bank from him.

Senator Kalu in a statement was forced to deny ever selling the shares of his banking group, First International Bank to anyone.
Obinna Kalu, Legal Adviser, FIB Group Limited in a statement issued on Monday and made available to the News Agency of Nigeria, said that the online report that Kalu sold the issued shares capital of FIB was misleading.

Kalu said: “The report that a former governor of Abia, Orji Kalu has sold the issued shares capital of his banking group- First International Bank Group Limited, The Gambia is misleading.
“To set the records straight, Slok Nigeria Limited has not sold any of its issued shares capital in FIB Group Limited, The Gambia to any person or organisation.
“Be it known that Slok Nigeria Limited remains the legal and genuine owners of FIB Group Limited and its subsidiary banks.
“Recently, an illegal attempt by one Lilium Grays Limited to take over the subsidiary banks of FIB Group Limited as dismissed by the Supreme Court of The Gambia via a judgment delivered on July 30, 2019.

“The judgment thus reaffirmed that Slok Nigeria Limited is the legal and genuine wholly owner of FIB Group Limited and its FiBank subsidiaries in Guinea, Gambia and Sierra Leone.”

Meanwhile, earlier in the day, Kalu was sacked as a senator after the National Assembly Election Tribunal sitting in Umuahia, Abia State declared his election as a senator invalid.

The tribunal’s assertion was upon the prayers offered by his Peoples Democratic Party, PDP rival, Senator Mao Ohabunwa.

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