Apel Asset Refutes US-Based Billionaire, Adigun’s N3b Investment In Fidelity Bank

Apel Asset Limited on Monday, January 18, 2021 has refuted the claim by Mr. Oluleye Adigun to invest N3bn in Fidelity Bank as published by some online publications at the weekend, quoting the News Agency of Nigeria (NAN).

Apel in a letter to Fidelity Bank, dispelled the claim, saying it was only approached by Mr. Tosin Afolabi on behalf of Adigun to express his desire to acquire a sizeable number of shares in a foremost Nigerian Bank, but was yet to complete its client onboarding process.

Given that it, “had no previous relationship with Mr. Adigun or his organization, nor did we have any inkling to his background”, the securities trading firm said it wrote in September 2020, to Mr. Adigun to carry out its usual due diligence and has not heard from him since.

Apel Asset Limited further stated that it “remains committed to working towards the integrity and growth of equity trading and the capital market” in obvious embarrassment by the online publications.

For the records, the Osun State-born billionaire, Mr. Adigun is the owner and Chief Operating Officer of Golden Glades Treatment Center, as well as Adigun Investment Group, with stakes in nine companies operating in commercial real estate, several e-commerce companies as well as wind and solar energy among others.