The Central Bank of Nigeria has said that investment firm, Barbican Capital Limited, was only able to provide evidence to support its ownership of 3,110,400,619 units of shares representing 8.67 per cent of the shares of FBN Holdings.
This was indicated in the apex bank’s response seen by The PUNCH to the suit filed by the investment firm alleging alteration of its shareholding in the financial institution.
The CBN in a 60-paragraph deposed by a Deputy Director, Banking Supervision Department of the bank, Orjiakor Nwabueze, said that while the plaintiff, through its parent company, submitted a claim of 5,450,999,924 shares of the defendant’s (FBNH) and wanted its consent/approval for the shareholding, it was only able to verify a fraction of the claim.
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