Felak Group has firmly denied allegations linking its CEO, Dr. Aisha Achimugu, and its subsidiary, Oceangate Engineering Oil & Gas, to a disputed $7 million cash transaction reportedly connected to Providus Bank. The company called the report false and misleading.
The recent publication suggested that the Economic and Financial Crimes Commission (EFCC) had traced the funds to a Providus Bank vault, with the money allegedly forfeited to the Federal Government following court proceedings. However, the Felak Group pointed out inconsistencies in the report, noting that while the story located the deposit in Lagos, referenced court documents stated Abuja as the actual location.
In response, the firm rejected any association with the transaction and dismissed the accusations as attempts to undermine its leadership and tarnish the reputation of Oceangate Engineering Oil & Gas. Company representatives stressed that the claims represent a deliberate effort to damage their credibility and described the report as an abuse of journalistic freedom.
The statement asserted that Felak Group remains committed to upholding honest and transparent practices across its operations but will not tolerate its name being linked to unfounded controversies.
The company urged the authors and distributors of the report to publicly retract their false allegations promptly. The company affirmed its intention to continue transparent activities and promised to keep stakeholders informed as the matter evolves.
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