The management of Cititrust Holdings Plc has said the firm has appealed the judgment given on Wednesday by the Federal High Court sitting in Lagos against it.
A statement signed by Barrister Josiah Adebayo, legal counsel to Cititrust Holdings Plc, said: “We are aware of a recent Federal High Court judgment against Cititrust Holdings PLC, in a matter filed by the Economic and Financial Crimes Commission. While the judgment did not align with the facts before the Court, we respect the judiciary and the legal redress process. Given this, we have appealed the judgment to the Court of Appeal.
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“We want to reassure the relevant stakeholders, customers, and the general public that this outcome does not define our values or our commitment to resolving all outstanding issues. We believe that justice will prevail.
“Our priority remains to serve our community and clients with transparency and where there are difficulties, to resolve them in a customer-centric way. We are taking this moment as an opportunity to reflect, improve, and ensure that we come up with an outcome that satisfies our stakeholders. While we are aware of the campaign of calumny in some quarters and the narrative of our traducers, we are focused on addressing existing challenges and obtaining justice. We look forward to justifying public trust in our company.”