Tag: Arthur Eze

  • Battle of the billionaires: Arthur Eze, Ngozi Olejeme in tussle over $2.8m, N240m

    Battle of the billionaires: Arthur Eze, Ngozi Olejeme in tussle over $2.8m, N240m

    •Oil magnate claims ex-governorship aspirant fails to repay after botched governorship aspiration

    A staggering loan of N1.2billion allegedly borrowed by a Peoples Democratic Party (PDP) stalwart  Dr. Ngozi Olejeme to enable  her prosecute her aspiration of  contesting the  2015 governorship election in Delta State has now landed her in court.

    The lender and Olojeme’s long standing associate, Prince Arthur Eze is frustrated that repayment of the alleged loan is not forthcoming, and prays an Abuja High Court to compel her to pay.

    The loan, according to the suit filed by Eze, is in two parts:$2.8million and  N240 million.

    He said the agreed repayment dates for the funds have long expired without any attempt by the defendant to settle the debt.

    Attached to the suit are 39 pages of Eze’s Oranto Petroleum Limited’s domiciliary and Naira-denominated bank statements detailing dates and amounts transferred into Olejeme’s accounts.

    Eze, in an affidavit in support of his claims, said that even though the interest -free loans which he began to disburse after discussions with Dr. Olejeme on April 2, 2014 were meant to be refunded before the end of 2016, the only response he received after issuing a demand letter was that he may have to wait indefinitely till she is through with her challenges from the Economic and Financial Crimes Commission (EFCC).

    The EFCC is currently investigating an alleged  N69bn fraud in the Nigeria Social Insurance Trust Fund (NSITF) during Olojeme’s tenure as chairman.

    She was appointed to the position by former President Goodluck Jonathan.

    Eze, in the affidavit added: “Unless ordered by this court, defendant will continue to remain indifferent to the demand to repay the loan.

    “Between  April 2, 2014 and March 25, 2015, Plaintiff (Eze) availed the Defendant (Olejeme) the total sums of two million, eight hundred thousand United States Dollars (US$ 2, 800, 000) and two hundred and forty, million naira (N240 , 000, 000) through her domiciliary account and current account respectively with Fidelity Bank Plc , Abuja.

    “A breakdown of the dollar denominated loans shows that the Defendant received the said sums in five instalments, namely: US$1,000,000; US $700,000; US $1,000,000; US $50,000 and US $50,000 on 2/4/2014, 31/10/2014, 5/2/2015, 16/2/2015 and 25/3/2015 respectively; the bank statements evidencing the payments is herein attached and marked exhibit ‘B”. For ease of identification and reference, the entries against the Defendant are encircled and ticked.

    “That also a breakdown of the Naira-denominated loans shows that the Defendant received the said sums in six instalments namely N10,000,000; N40,000,000; N50 ,000,000; N50,000,000, N50,000, 000 and N40,000, 000 on 25/7/2014, 14/8/2014, 27/8/2014, 21/10/2014, 27/10/2014 and 6/11/2014 respectively ; the bank statement evidencing the payments is herein attached and marked exhibit C.

    “That the date line agreed upon by the parties has long effluxed without the Defendant coming to terms with her indebtedness prompting the Plaintiff to instruct her solicitor, Chief G.Tagbo to cause a demand letter to be written to the Defendant dated 29/1/2018 wherein a fourteen days ultimatum was given to the Defendant to make good her indebtedness to no avail.

    “Plaintiff’s solicitor letter of demand was dispatched to the Defendant through Red Star Courier Service; Copies of the said demand letter and courier consignment note are herein attached and marked exhibits ‘D & E” respectively.

    “The Defendant, upon the receipt of the said letter, merely deployed her personal aides to plead to me for time as she was having corruption issues with Economic & Financial Crimes Commission.”

    Efforts to seek clarifications from Dr. Olejeme yielded no fruits as she declined to respond to calls and text message sent on Friday evening.

     

  • British couple sues Arthur Eze for alleged breach of contract

    British couple, Richard and Deborah Conway, has sued oil magnate and billionaire businessman Prince Arthur Eze at a London High Court for alleged breach of contract.

    The couple claims that Prince Eze allegedly pulled out of buying their house valued at £5 million.

    According to them, Eze’s failure to buy the house forced them to take out a bridging loan in their bid to purchase another house.

    Besides, the plaintiffs said they eventually sold the house at a reduced price of £4.2 million.

    The couple is suing for £1.8 million, claiming they were left with a “huge hole” in their finances and were left stranded when Eze allegedly pulled out.

    But, Eze has denied breach of contract and is counter-suing for the return of his £500,000 deposit.

    The Times, Evening Standard and Metro report that the couple claims they had already exchanged contracts on the property before the alleged breach.

    The plaintiffs told the court that they were committed to buying a new home in Cambridgeshire after deciding to relocate ahead of their retirement.

    They had to take out an expensive bridging loan when the deal with Eze fell through, the High Court heard.

    The couple claims they were forced to sell their home at a reduced price of £4.2 million, and are suing the prince to recover losses as well as “family expenses”.

    Mr. Conway (62) said he and his wife wanted to “pay off all our debts and start again” when they put their home up for sale for £5 million.

    “It was necessary for them to obtain bridging finance to fill the huge hole left by Prince Eze’s failure to complete and failure to pay the balance of the purchase price,” said their lawyer Matthew Collings (QC).

    The court heard that parties exchanged contracts for the nine-bedroom home in August 2015 and that Prince Eze had been acting through a “go-between” and had never seen the house.

    But, Prince Eze, said to be worth £2 billion, denies breach of contract and is counter-suing the couple for the return of his  £500,000 deposit.

    The 62-year-old founder of Atlas Oranto Petroleum said he paid a 10 per cent deposit, claiming that the deal was void because the Conways agreed to pay the agent a “secret commission” that was unknown to him.

    Prince Eze told the court that he had “good intentions” when he agreed to buy the house, adding that he wanted “a genuine investment in the UK”.

    “I wasn’t concerned about the price but I was concerned about people being open. I thought there was something funny going on,” he said on why he pulled out.

    Prince Eze rejected a suggestion that a drastic drop in oil prices forced him to pull out of the deal.

    Judge Andrew Keyser QC reserved his judgment.

  • Arthur Eze’s double joy

    Arthur Eze’s double joy

    PRINCESS Ujunwa Nkem Eze, the pretty wife of Prince Onyeka Eze, the son of the Chairman of Oranto Petroleum International, Prince Arthur Eze, delivered a set of twins at a London hospital. The babies have since been named Prince Chinemeleum Melvin and Princess Kamsiyochukwu Mavia Eze.
    Sources disclosed since the arrival of the bundles of joy in to the household of Prince Arthur Eze, champagnes have been flowing freely in London, Abuja and Enugu homes of the man of means.
    Friends and relations of the Ukpo, Anambra State-born Prince Onyeka Eze, who is the Osisioma of Ukpo Kingdom, could not hide their joy over the good news.
    It was exclusively gathered that Prince Onyeka Eze, who is fondly called Don. G by his admirers and well wishers, has friends who have been storming his house to share in his joy.
    The elated grandfather, popularly called “Arthur One Thousand, is a philanthropist whose milk of kindness flows to all and sundry. Eze sits atop Atlas Oranto Petroleum, a West African exploration company which owns several producing and non-producing oil and gas assets across Nigeria, Liberia, Equatorial Guinea and the Gambia.

  • Arthur Eze and peripheral roads in Abia State

    T is only a blind man who will not attest to the fact that there is absence of Federal concern in the whole of South East region and Abia State in particular due to the fact that it is centrally located as a result of its geographical connectivity to the peripheries of neighbouring states.

    This situation has remained static for quite sometime that we can no longer keep quiet because people of the South East have continued to suffer in silence for the fact that we purposefully remain loyal to Mr. President.

    The fact that roads in Abia State have erroneously remained on the front burner is not only troubling but calls for immediate concern and attention by appropriate authorities. South East remains a major bloc of supporters in Jonathan’s administration and yet there is not much to write home about with respect to nature and status of federal infrastructures in the region.

    The crux of this write up is to disprove the notion in circulation that Abia roads are bad, which is not the same thing as saying that roads in Abia are bad, because road users do not know the difference. In Abia State federal roads criss cross the length and breath of the landscape and not one is faultless to say it mildly. Beginning with Enugu, Port-Harcourt road which is almost a death trap that has constituted serious menace to the economy of the south east and Abia State in particular to the Arochukwu-Ohafia road for which attempts in its reconstruction by the Federal Government have been aborted by unscrupulous contractors, other federal roads in Abia are Aba to Ikot Ekpene express way via Ogbor Hill Aba, Ikot Ekpene to Umuahia via Ikwuano, Umuahia, Ohafia, Arochukwu to Ikot Ekpene/Itu/Calabar express roads.

    The present administration of Chief T. A Orji has continued to toil in the turmoil of federally located infrastructure and rather than receive encomiums is being vilified by some uninformed and unpatriotic elements most of whom are in a better position to canvas for federal attention in the south east but rather than do that they choose to pass wrong judgment on a State which is struggling to come out of the woods due to long period of neglect by past administration because they would not like to be preserved as been confrontational with the federal authorities in order not to endanger their businesses at the cost of dilapidation of federal presence in the south east. The comments attributed to a businessman who visited Abia with respect to roads in the State is not only massively doctored to suite a media fit in Lagos owned by a sworn enemy of Abia who has been crying over spilt milk for long time now, but misdirected at the wrong target all in the bid to play to the gallery. In the past, honest evaluations of infrastructure which have been conducted in Abia have attested to the incontrovertible fact that the current Governor of Abia State has done very well in a formerly dry land where nothing existed than propaganda.

    Today in the south east erosion has continued to ravage the environment thereby constituting fear and despair among the populace particularly in Anambra, Imo and Abia States but our so called leaders have turned a blind eye to it. It is no longer secret that the federal authority is selective in its road reconstruction projects which has tilted more to the North because it feels the Igbos can not raise an eye brow.

    The State of federal roads in Abia is simply deplorable particular along Aba axis and the whole stretch of Arochukwu Ohafia roads for which the contractor is said to have absconded with the fund already available to him, and as such the so called businessman whose verbitude and character of speech is enmeshed in controversies can be more useful to the society by assessing correctly and reporting situations to the appropriate authorities to the benefit of the entire populace.

  • PPA hails Arthur Eze for remarks on Abia

    PPA hails Arthur Eze for remarks on Abia

    Despite the knocks the Abia State Government has given critics of the Theodore Orji administration, the Progressive Peoples Alliance (PPA) at the weekend alleged that there is infrastructure decay in the state.

    Recently, frontline businessman Chief Arthur Eze expressed disappointment in the Orji administration.

    PPA blamed the Orji administration for refusing to implement the party’s master plan for the development of the state.

    It noted that this was responsible for infrastructural decay in the state.

    Orji became governor on the platform of the PPA in 2007 but defected to the Peoples Democratic Party (PDP) after he fell out with his political godfather, former Governor Orji Kalu, the major sponsor of PPA then.

    Alluding to Eze’s claims, PPA National Chairman Peter Ameh, in a statement at the weekend in Abuja, said: “PPA has been vindicated after a well-respected and reputable person within and outside the context of our country, billionaire Arthur Eze, on the 23rd anniversary of the state made a public statement as reported in some newspapers on the bad state of Abia occasioned by maladministration under the current governor, that Aba stinks. Aba is very dirty and the roads are so bad.

    “Eze further questioned the conspiracy of silence of Abia elders and the elected/appointed officers on the horrifying infrastructural decay of the state which, among other things, have dragged Abia as ‘Gods Own State’ to be treated as one of the most underdeveloped states.”

    Ameh added: “The statement further strengthened the party’s position that the governor’s poor performance was a worrisome dimension and needed to be checked…

  • Hurray, Arthur Eze regains his sense of smell!

    It is utterly discourteous and outright uncivil (if not uncouth) that you invite a man to celebrate with you and he chooses that moment of joy and felicity to cast aspersions on you – using a microphone! What it means is that such a fellow is full of ill-will and he is not worthy of the friendship and company of decent people. Why, if he were your friend, he could have passed his odious message in a thousand quiet ways and achieved even better result if he desired result and not an opportunity to malign.

    This was the scenario last week in Umuahia during the celebration of the 23rd anniversary of the creation of Abia State. At the grand occasion, a billionaire business tycoon was quoted on the front page of a national newspaper to have said that the state stinks. Hear him: “Abia is stinking… right from the Abia Tower in Umuahia, the rot hits you. Abia State is now the dirtiest in the country. Garbage everywhere, along with bad roads. The people are really suffering and you see it in their faces. Are there no elders in Abia again? What are the senators, the members of the House of Representatives and other elected people doing…?”

    It sounds implausible that Chief Arthur Eze, who is naturally taciturn would speak in this manner in a public gathering but the statement was yet to be rebutted at press time. For those who have visited Umuahia recently, it surely cannot be described as the dirtiest city in the country, far from it. Having returned from the city recently, the fact is that there is hardly any garbage or pot-holes to be found on the city’s roads.

    There is no doubt that this statement ascribed to Chief Eze must be one of such on-going propaganda designed to malign the  governor. Watchers of Abia politics would know the source of the barb. There is no doubt that there is no love lost between the Governor, Chief Theodore Orji, and his predecessor, Chief Orji Uzor Kalu. It is a fact that Governor Orji has done much to move Abia State away from an inglorious past that is better forgotten. The truth is that he has done more for Abia than all past governors put together. His performance surely does not go down well with his estranged godfather.

    But if indeed Chief Eze made the remarks credited to him, one would consider it quite salutary and good for the people of the Southeast because one never knew the chief to have been capable of perceiving foul odors. Judging by his business and politics, one could have sworn he had no sense of smell. This may well be a sign of great things to happen to Ndigbo.

  • Blame Obi for electoral fraud in Anambra – Arthur Eze

    Blame Obi for electoral fraud in Anambra – Arthur Eze

    A stalwart of the Peoples Democratic Party (PDP), Arthur Eze, on Thursday said the Anambra State Governor, Peter Obi, should be held responsible for the flaws experienced in last Saturday governorship election in the state.

    Speaking with State House correspondence at the Presidential Villa,Abuja, he maintained that the governor championed the rigging of the election against the wish of the people in the state.

    Eze urged Nigerians to continue to pray as he warned that what happened in Anambra is likely to happen in other parts of the country.

    He said: “Obi committed a crime and rigged election against the poor people and brought his man, Obiano. For eight years, there were no longer local government elections in Anambra, now he brought Obiano, his treasurer to take over from him. Now, Obiano will spend eight years and bring somebody, then we are in trouble.

    “It’s for the poor, not for me, the needy, and the orphan. Not me, I am an old man, I am going. It’s because of the poor that I am crying.”

    On whether he supports the call for the election to be cancelled, he said: “Jega is very emotional; he is a very straightforward human being. He said this election was an act of sabotage. He was frank and God will advise him on what to do.”

    “Go and pray. What is going to happen in Anambra will happen in so many places. Pray for yourselves, not for us, we are gone, we are aged.”

    Expressing his fears towards 2015 general election, he said: “I don’t want criminals to take over in 2015. That is why I am crying.”

     

  • Nwoye, parents’ names not on voters’ list

    Nwoye, parents’ names not on voters’ list

    The flag bearer of Peoples Democratic Party (PDP) in the, Comrade Tony Nwoye, could not vote in yesterday in his Nsugbe home town after his name could not be found in the register.

    His parents were also unable to vote as were many other residents for a similar reason.

    Also missing in the voters register was the name of Nwoye’s political godfather, Chief Arthur Eze.

    INEC officials could not explain the omission of their names despite the affected persons brandishing their voter’s cards.

    Nwoye alleged that the disappearance of his names and others’ was pre-mediated and designed to rig him out.

    The PDP candidate said he and his parents had voted at the same polling booth in the last election and wondered how almost 70 per cent of the names in the register could disappear between then and now.

    He said he could not reach INEC boss Attahiru Jega  on phone to formally complain to him.

    Nwoye said he could only resign to fate for now.