Connect with us

NEWS

Senator Uba threatens to sue Heritage bank, demands N5bn for damages

Published

on

Senator Uba threatens to sue Heritage bank, demands N5bn for damages

An aspirant in the forthcoming governorship election in Anambra State, Senator Andy Uba has threatened to sue Heritage Bank over a viral video showing its staff protesting at the entrance of his residence.

Few days ago, a video emerged online of bank staff protesting at the gate of Uba’s house, demanding he should repay the loan he was allegedly owing the bank.

Uba, reacting in a letter signed by his lawyer, Ahmed Raji, SAN, threatened to sue the bank, describing the actions of its staff as shameful and embarrassing.

He stated that the bank’s action was a mere campaign to smear his image as the APC governorship primary election for Anambra state draws closer.

Part of the letter reads: ”Despite your veiled denial, the deliberateness of your staffs’ action is founded and the intent, to wit: – bring our client to public opprobrium shame, ridicule, scorn etc, is glaring for all to see.

”This is more so, as you deliberately picked the rather inauspicious period immediately preceding the forthcoming gubernatorial primary election of the All Progressives Congress [APC] for Anambra State slated for the 26th of June 2021, wherein our client is the leading candidate to clinch his Party’s ticket, to stage this smear campaign against him.”

Uba demanded that the bank tender an unreserved apology in five national dailies, alongside N5billion damages for tainting his public image.

”Surely, the damage occasioned to our client by your calculated but ill-advised action is unquantifiable. However, our client will be relieved if a public apology, unreserved, is tendered by you and published in at least five national daily newspapers within a day of receipt of this letter and payment of N5b in damages,” he said.

Uba threatened to take the case to court if the bank refused to tender an apology with payment of N5b for damages to his name.

”If not, we have our client’s further instructions to seek redress against you in a court of law for the same. Kindly be advised.

”We hope that this bank will take benefit of the olive branch offered in this letter; the gamble, otherwise, is yours to suffer,” the letter read.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

NEWS

Former Ogun First Lady celebrates 96th birthday

Published

on

Mama Lucy Onabanjo, wife of the first civilian Governor of Ogun State, the late Chief Victor Olabisi Onabanjo (Aiyekooto) celebrated her 96th birthday on Tuesday.

Lucy Onabanjo is the oldest surviving former first lady.

Born in Ijebu Ode on October 26, 1925, Mama Onabanjo was trained as a teacher.

It was after her training as a teacher that Lucy started dating the Late Bisi, who was working with a local newspaper called Gaskiya Tarfi Kobo (Truth is more than a Kobo).

Few months after meeting Bisi , she walked down the aisle and said “I do.”

The humble ceremony would blossom into a life of civil service from teaching to the Government House, Abeokuta and beyond.

Continue Reading

NEWS

It’s illegal to pay petrol subsidy from federation account, Sanusi tells FG

Published

on

Former Emir of Kano, Alhaji Muhammad Sanusi II, has said the federal government is indulging in illegality by paying petroleum subsidy from the federation account.

The former Central Bank of Nigeria (CBN) governor spoke virtually as a panelist on Sustainable Development Goals (SDGs) at the just concluded Nigerian Economic Summit held in Abuja.

He also said the Nigerian daily oil consumption data is suspect thus there is endemic corruption in fuel subsidy payments.

“This money coming from petrol belongs to the federation account, and the federal government doesn’t have the constitutional right to pay subsidy on behalf of the federation.

“So it is a fundamental constitutional issue because this is money that should go to the federal, states and local governments. Yet money that belongs to the federation is carried out as federal government expenditure. So, there are so many complex issues, legal and economic issues. We need to stop these issues” he said.

He also advocated for the end of fuel subsidy and electricity subsidy, saying the money saved should be invested in critical sectors like education and health adding that the long-term gains far outweigh the short-term pains.

“I have said this before even as a CBN Governor under the previous government. What I say is not of a particular government. Take petroleum subsidy.

“In 2015 or 2016, Minister Ibe Kachukwu said Nigerian was importing 30 million litres of PMS per day after eliminating corruption. In 2019, the NNPC said we are importing 59 million litres per day after oil prices have gone up. And I have been asking the question, what happened between 2015 and 2019 that our oil consumption has almost double?” he asked.

He noted that “this is what also happened under the previous government. When oil prices go up, NNPC said they are importing more because of the arbitrage. Thus, when the oil prices go high, there is an incentive to inflate the number” he noted.

On electricity tariff, he said it should also be stopped as even poorer countries are paying cost reflective tariffs and enjoying uninterrupted electricity.

The Chairman, the Nigerian Governors Forum and the Governor of Ekiti State, Mr. Kayode Fayemi, also agreed that subsidy payments had to end for resources to be free up for critical investments.

He also said that the government must focus on education and healthcare provision.

Continue Reading

NEWS

PHOTOS: South-west govs visit Tinubu

Published

on

Continue Reading

Trending