Arthur Eze Insists He Gave Andy Uba N50 Million Loan

Billionaire businessman and philanthropist, Prince Arthur Eze, has faulted Senator Andy Uba’s denial, insisting that he gave the former senator a N50 million loan, which was not repaid, hence he want to get a court judgment, in a bid to recover the money.

In an earlier judgement by Anambra State High on March 6, 2017, in a suit filed by Oranto Petroleum Limited against Senator Uba, Justice C.N Mbonu Nwenyi held that the defendant (Senator Uba) had not denied that he received an interest free loan from the plaintiff (Oranto Petroleum owned by Prince Eze.

The judge held that having gone through the statement of defence, the defendant had not disclosed any good defence to the suit and in such circumstance the plaintiff was entitled to the judgment.

Justice Mbonu Nwenyi had ruled” “The Plaintiff has sufficiently shown that she granted interest free friendly loan to the defendant which has not been denied and since have not been repaid.”

Oranto Petroleum had gone to the FCT High Court with a motion exparte on May 5, 2022 to ask for an order for the execution of the judgment. It subsequently got a nod of the court on June 30, 2022 “to register the certificate of judgment of the High Court of Anambra State in the Aguata Judicial Division holden at Ekwulobia and delivered by Hon. (Justice) C.N. Mbonu-Nwenyi on the 6th day of March, 2017 in suit no. AG/94/2016: Oranto Petroleum Ltd Vs Senator Nnamdi Emmanuel Andy Uba as the judgment of this Court;

An order of this Honourable Court deeming the judgment of the High Court of Anambra State in the Judicial Division holden at Ekwulobia and delivered by Hon. (Justice) C.N. Mbonu-Nwenyi on the 6th day of March, 2017 in suit no. AG/94/2016: Oranto Petroleum Ltd Vs Senator Nnamdi Emmanuel Andy Uba as the judgment of this Court is hereby granted; an order of the Honourable Court directing the cost of the registration and execution of the judgment to be recoverable from the Defendant/Judgment Debtor/Respondent to an amount assessed by the Court in the circumstances of this case is hereby granted.”

The execution order was eventually carried out on August 23, 2022, with FCT High Court officials and the police storming the Abuja home of Senator Uba and seizing three vehicles.

Reacting to this, Senator Uba had denied obtaining a loan from Oranto Petroleum or Prince Eze, saying the money in question was a donation to his political campaign in 2015.

Senator Uba stated that he had appealed the judgement against him, but withdrew the case following “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.”

-SunNews