Felak Group has denied reports linking its Group Chief Executive Officer, Dr. Mrs. Aisha Achimugu (OFR), and subsidiary Oceangate Engineering Oil & Gas to a $7 million cash transaction involving Providus Bank.
The company, in a statement on Thursday, said the claims published by Mr. Chukwudi Iwuchukwu were “false, contradictory, and misleading,” stressing that neither Dr. Achimugu nor Oceangate had any involvement in the matter.
“We categorically state that neither Dr. Mrs. Achimugu nor Oceangate Engineering Oil & Gas has any connection whatsoever to the alleged transaction,” the statement read.
Felak Group pointed to contradictions in the report, noting that while it suggested the funds were deposited in Lagos, the legal proceedings referenced indicated Abuja.
“The attempt to link our principal and subsidiary to this matter is unfounded, misleading, and without any factual basis, and represents a gross abuse of free expression,” the management said.
The company demanded an immediate and unconditional retraction and apology from the author and those who circulated the story, adding that the correction must receive the same visibility as the original publication.
It warned that failure to comply would leave it with no option but to seek legal remedies.
“Felak Group remains steadfast in driving innovation and excellence across our industries whilst conducting business with the utmost integrity,” the statement concluded.
