NEWS
Prince Arthur Eze donated N50m to support my senatorial political campaign – Andy Uba
By Edozie Obasi-Eze
Senator Andy Uba has issued a statement on the execution of judgment of the High Court of Anambra State over his default in repayment of a loan of N50 million from Prince Arthur Eze.
Recall that bailiffs of the High Court of the Federal Capital Territory Abuja on August 23, 2022, levied the execution of the judgement of the High Court of Anambra State in suit No: AG/94/2016, against the defendant.
However, in clearing the air, Senator Uba on Friday, at Awka, Anambra State, explained that a brotherly relationship existed between Prince Arthur Eze and himself, while the later donated the said sum in support of his senatorial bid in a church.
He expressed regrets at not securing a terms of settlement when the matter was resolved amicably between them by a mutual friend of the Plaintiff and Defendant, Prince Austin Ndigwe (Uzu-Awka) before instructing his lawyer to withdraw the appeal he filed against the judgement.
While expressing confidence in the judiciary, he opined that the sage was only meant to corrode his hard earned reputation.
He averred in the statement, “My attention has been drawn to the defamatory, maligning and character injurious publications in the print and electronic medium, as well as social media platforms on malicious falsehood and allegations arising from the execution of the judgement of the High Court of Anambra State in suit No: AG/94/2016, through the bailiffs of the High Court of the Federal Capital Territory Abuja on 23/8/2022.
“It is fundamentally imperative to unequivocally state in clear and categorical terms the true factual position, thus:
“For the avoidance of doubt, I never borrowed N50m from prince Arthur Eze, both of us only attended a church service at St. James Anglican Church Uga, Aguata L.G.A, Anambra State during my senatorial campaign in the build-up to 2015 general elections.
“In the course of the said church service, Prince Arthur Eze donated N50m to support my senatorial political campaign on the altar and the entire congregant was engulfed with joy and happiness which made the officiating priest extend a warm handshake of gratitude and appreciation for his kind gesture and I equally sent a letter of appreciation dated 22/2/2015 to Prince Arthur Eze.
“I was dumbfounded, surprised and flabbergasted having learnt that my bosom friend and brother, had through his company Oranto Petroleum Limited through which the said cheque of N50m was drawn had filed an action one year after at the High Court of Anambra State, Aguata division sitting at Ekwulobia in suit No: AG/94/2016, through what they called (undefended list) Procedure or liquidated money demand or summary judgment procedure.
“The pertinent question on the lips of many people would be, do people go to the rooftops to praise or thank others for granting them loan facilities? How many people have you seen that secured a loan facility from a bank or an individual and went to church praising the creditor for granting them such a loan facility which would only be repaid?
“I quickly engaged my lawyers who filed my defence on merit denying the allegations that the said money was a loan but a free will donation, unfortunately despite our obvious defence and issues having been joined, the trial court refused and failed to afford us a fair hearing by having the matter heard on full-blown trial where witnesses will be called and evidence led, but proceeded to hear the matter on (undefended list) procedure or summary judgment procedure, that is, hearing the case on only the allegations and documents filed by the plaintiff (Oranto Petroleum Limited) without contradiction, whatsoever. The court went ahead to grant all the reliefs and entered judgement in favour of the plaintiff on 6/3/2017.
“In exercise of my constitutional right, I appealed to the Court of Appeal Enugu division culminating to Senator Andy Andy –Vs- Oranto Petroleum Limited, Appeal No: CA/E/197/2017, challenging the said decision of the High Court of Anambra State among other things, on the ground that the said money was a free will donation and not a loan as well as a challenge that hearing the matter on the undefended list without my input amount to a breach of my fundamental right to fair hearing guaranteed under section 36 of the 1999 constitution of Nigeria (as amended), which occasioned a miscarriage of justice.
“Consequent upon the above, parties filed and exchanged their respective briefs of argument and the appeal was set down for hearing on the 26th of February, 2019. However, there was an intervention by some Anambra stakeholders and I was approached by Prince Austin Ndigwe (Uzu-Awka) who is a mutual friend of myself and Prince Arthur Eze for an amicable settlement of the matter out of court.
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“I was thereupon, after a meeting between myself and Prince Arthur Eze at his Enugu residence which was championed by Prince Austin Ndigwe (Uzu-Awka), instigated by way of advice to withdraw the appeal on the ground that Prince Arthur Eze had then become satisfied that the money was a donation for my senatorial political campaign and not a loan as he was meant to believe earlier.
“Prince Arthur Eze persuaded me through the said Prince Austin Ndigwe (Uzu-Awka) to discontinue the appeal and to demonstrate good faith and brotherliness, I quickly instructed my lawyer to withdraw the appeal, even though we ought to extract terms of settlement as a condition because the appeal was at the concluding stage. Consequently, based on the notice of withdrawal filed by my lawyer, the appeal was dismissed by the Court of Appeal on 29th February 2019.
“I was deeply astonished and shocked beyond bone marrow when I learnt that my brother and mutual friend, Prince Arthur Eze despite his undertakings at the meeting had reneged his promises on the gentlemanly and brotherly agreement we had and surprisingly surfaced in the High Court of the Federal Capital Territory Abuja, registered and immediately executed the said judgement of the High Court of Anambra State, Aguata division sitting at Ekwulobia. The subject matter of my appeal to the Court of Appeal Enugu, with the sole intention to embarrass, defame and reduce my reputation before the right-thinking members of the public using numerous hired social media platforms.
“For purposes of clarity, I attached herewith a video clip of Prince Arthur Eze’s donation of N50m to my political campaign for election into the Senate of the Federal Republic of Nigeria to represent the Anambra South Senatorial District in the Senate of the National Assembly, made at St. James Anglican church Uga, Aguata L.G.A, Anambra State.
“This is contrary to the information being circulated in several print and electronic mediums, as well as social media platforms to the effect that the above sum was an interest-free friendly loan, which is a calculated attempt to defame and malign my noble character and hard-earned reputation.
“It is shocking and baffling how a man will stand on the sacred altar of God and donate to the political aspiration and campaign of his brother, of which the officiating priest extended a warm handshake of gratitude and appreciation for his kind gesture and later turn around to deny the purpose of the donation.
“I have deep respect for rule of law and sanctity of our judicial system with an unblemished political career as a devoted public figure, former Governor of Anambra State, former Senator of the Federal Republic of Nigeria, and former Special Assistant on Special Duties and Domestic Affairs to President Olusegun Obasanjo, as well as a loving Father, dedicated Christian and law-abiding citizen of this great nation, strongly believe that justice will be done in the final analysis.
“I, therefore, call on the general public, men and women of goodwill as well as political friends and supporters, business associates and family members, with an enduring passion for justice, fair play and equity, to remain calm.”
NEWS
Again, Dangote Reduces PMS Gantry Price to N1,125/Litre
The Dangote Petroleum Refinery and Petrochemicals (DPRP) has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,175 to N1,125 per litre.
A statement from the company on Thursday has it that this latest adjustment reflects the refinery’s ongoing commitment to ensuring price stability, improving affordability, and supporting Nigeria’s energy security objectives.
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The price review underscores Dangote Refinery’s responsiveness to prevailing market conditions and its efforts to pass on cost efficiencies to downstream partners and consumers.
“Dangote Refinery remains focused on its broader mission of contributing to economic growth, enhancing fuel availability, and fostering a more competitive and sustainable petroleum sector in Nigeria,” the statement added.
NEWS
Why SEC Ordered Immediate Refunds Over Dangote Refinery IPO Promotions
The Securities and Exchange Commission (SEC) has explained why it directed capital market operators to immediately refund funds collected from investors in connection with a purported Initial Public Offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE.
In a public notice issued on Tuesday, the Commission revealed that it had observed the circulation of advertisements, flyers, digital banners, and electronic messages across social media and investment platforms inviting members of the public to invest in the refinery through an alleged IPO.
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According to the SEC, the purported offer has not received regulatory approval, as the Commission has neither received nor approved any application from Dangote Petroleum Refinery & Petrochemicals FZE for a public offering.
The regulator expressed concern that some registered capital market operators were actively promoting the unapproved offer and soliciting subscriptions from prospective investors.
Explaining the reason for its directive, the SEC stated that the campaign was misleading and amounted to market manipulation capable of creating false expectations among investors and undermining confidence in Nigeria’s capital market.
The Commission noted that invitations encouraging members of the public to open accounts, pre-fund investments, or reserve guaranteed share allocations for the alleged IPO violate provisions of the Investments and Securities Act as well as existing market regulations.
As a result, the SEC ordered all registered operators, including stockbrokers and promoters of digital investment platforms, to immediately cease all advertising and promotional activities relating to the purported offer.
The Commission further directed operators to remove all related promotional materials from their websites, social media pages, and other communication channels within 24 hours.
In addition, firms were instructed to stop accepting deposits, investment commitments, account registrations, or expressions of interest linked to the alleged public offering.
To protect investors from potential losses, the SEC ordered any operator that had already collected funds in connection with the purported IPO to refund such monies within 24 hours.
The regulator warned that any operator that fails to comply with the directive risks facing sanctions under the Investments and Securities Act 2025 and the SEC Rules and Regulations.
The Commission also advised Nigerians to rely only on information released through approved regulatory channels and to ignore unofficial promotional campaigns or investment solicitations concerning the refinery.
SEC added that if Dangote Petroleum Refinery & Petrochemicals FZE eventually decides to proceed with a public offering and secures regulatory approval, an authorised prospectus will be published in line with the law.
The directive comes amid reports that the Dangote Group is considering listing a 10 per cent stake in its $20 billion refinery through a Pan-African IPO expected in 2026.
International News
Panic in Europe as France Records First-Ever Ebola Case
France has confirmed its first-ever case of Ebola virus disease, triggering concern across Europe as health authorities move swiftly to contain the deadly infection.
The French Health Ministry announced on Wednesday that a doctor returning from the Democratic Republic of Congo (DRC), which is currently battling a major Ebola outbreak, tested positive for the virus after arriving in France.
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According to officials, the patient was immediately isolated upon arrival, even before laboratory tests confirmed the diagnosis, helping to reduce the risk of transmission.
In a statement, the ministry confirmed the identification of “a first positive case of Ebola virus disease on national territory,” marking the first time the virus has been detected in France.
The development also represents the first confirmed Ebola case recorded outside Africa during the current outbreak, which has affected both the Democratic Republic of Congo and Uganda.
French authorities disclosed that the case was detected in mainland France, while Prime Minister Sebastien Lecornu is closely monitoring the situation as health agencies intensify surveillance and response measures.
The current outbreak in the DRC was officially declared on May 15 following a series of unexplained deaths in the eastern Ituri Province.
The outbreak involves the Bundibugyo strain of the Ebola virus, for which there is currently no approved vaccine or specific treatment.
Despite growing concerns, public health experts have stressed that the risk of widespread global transmission remains low because Ebola is less contagious than many airborne infectious diseases.
The virus spreads through direct contact with infected bodily fluids and contaminated materials.
Ebola is a severe and often fatal haemorrhagic fever that can cause symptoms including high fever, weakness, muscle pain, vomiting, diarrhoea, and in severe cases, internal and external bleeding.
French health authorities have assured the public that all necessary precautions are being taken to contain the case and prevent any further spread of the disease.
The announcement has nevertheless sparked anxiety across Europe, given the deadly nature of the virus and its emergence outside the African continent during the ongoing outbreak.





