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Paschal Chikero

If you bank with First Bank of Nigeria PLC (FBN), this is the time to be worried and start considering withdrawing all the money in your account.

Information made available to this writer has it that the duo of All Progressives Congress (APC) chieftain Asiwaju Bola Ahmed Tinubu and business mogul Otunba Mike Adenuga have both sealed a deal that has seen them silently take over FBN Plc.

Speculation is rife that the move is to ensure a regular supply of cash for Tinubu and APC, as the 2015 election year sets in.

Knowing the free spending disposition of Tinubu, it won’t be wrong to say that the situation which involved Societe Generale Bank (now defunct), where depositors’ monies were used to finance elections is set to happen again, but this time in First Bank.

This writer was also informed that it was in a bid to secure Tinubu’s interest and ensure that he has an up-to-date flow of information on the activities in the bank that he asked former Lagos State Commissioner for Finance, Tokunboh Abiru, to resign his appointment and take up the job of Executive Director of First Bank of Nigeria Plc.

That Abiru resigned as commissioner of Finance Lagos State, on June 8, was employed at First Bank on June 19, resumed proper on August 1, and was nominated in a letter dated June 26 from the FBN Holdings Plc to serve as a Director on its Board confirms this story, as it all happened in a flash.

This is the time for those who have money in First Bank to start withdrawing same, as the tales and scars of the victims of Societe Generale Bank whose monies were used to finance elections, still remains.

Efforts to get a reaction from First Bank spokesperson, Folake Ani-Mumuney, proved abortive as she did not respond to text messages sent to her mobile phone.

The Writer, Paschal Oge Chikero Obioha is an Author. He wrote the first biography on Festus Keyamo. He is a Screen Writer, he Screenplayed the TV series, Arise Africa, which aired on AIT Network and STV for over a year. He co-Produced/Created, Angels TV Reality Show,in 2008. He is also a media consultant and founder and writer of On Twitter as @ChikeroOnline Email: Phone Numbers:08086286513 or 08160459294

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One comment

  1. Today October 22, 2021 news has it that somebody else otedola to be precise has acquired First Bank Nig Plc.

    We expected that you would be the first to publish the story but alas!

    Eight years counting your speculation about money runs on First Bank Nig plc didn’t materialize. You info about Tinubu and Adenuga buying over FBN for political and election purposes becomes FAKE!

    Please I want to know if Bola Tinubu Tinubu has ever been an FBN shareholder. If yes, what is the amount of his shares a FBN?

    Thank you

    Tony Aniagbaoso

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