Standard Chartered Bank has refuted a claim by Adams Oshiomhole, the National Chairman of the ruling All Progressives Congress, APC, that it is a South African company.
Recall that Mr Oshiomhole, while reacting to the xenophobic attacks on Nigerians and other foreign nationals in South Africa, had urged the Nigerian government to take over all South African firms in the country including Standard Chartered.
However, the Standard Chartered, in reaction, said: “Standard Chartered Bank Nigeria Limited is fully owned by Standard Chartered Plc, a British group.
“Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong, and Mumbai stock exchanges.
“It has operated for over 150 years in some of the world’s most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East.
“This geographic focus and commitment to developing deep relationships with clients and customers have driven the bank’s growth in recent years.”