The Chairman of First Bank Holding, Femi Otedola has denied claims that he funded the Dangote Petroleum Refinery.

In a statement shared via his X (formerly Twitter) handle, Otedola set the record straight.

He said: “Let’s set the record straight:

“Reports claiming that Femi Otedola funded the Dangote Petroleum Refinery are completely and utterly false. He has not invested a single kobo, not one dollar, not one naira.”

“The real story, which those peddling these lies conveniently ignore, is that Mr. Otedola has actually been requesting a special allocation to participate in the refinery’s forthcoming public offer.”

“I can categorically state that at no point did Alhaji Dangote request financing from Mr. Elumelu, Mr. Adenuga, and myself.”

“To those behind this: desist immediately… And to everyone else, social media is not a tool for manufactured drama. Nigeria deserves truth, not lies dressed up as insider information.”