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Diamond Bank, Skye Bank, Others Jostle To Acquire Enterprise Bank … Real Reason Behind Enterprise Bank Chairman, Emeka Onwuka Resigned Unveiled. + Customers Flee to Make withdrawal…

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It is no longer news that the Chairman of Enterprise Bank Ltd, Mr. Emeka Onwuka stepped down from the Board but information filtering alleged that he is set to buy the ailing bank from Asset Management Corporation Of Nigeria (AMCON).

It is said that Emeka Onwuka in a letter of resignation addressed to the Managing Director AMCON had referred to his earlier declaration of interest, intimated the management of his interest with a group of investors who intends to acquire AMCON’s shares in Enterprise bank ltd.

Reliable sources alleged that Emeka who was Group Managing Director/CEO of Diamond Bank Plc from May 2005 to February 2011 approached the board of Diamond bank to release fund to secure the purchase of the bank. It was gathered that Diamond bank doesn’t want to come out to bid for the purchase but prefer to use Emeka to penetrate the deal.

Insider of the bank who craved anonymity alleged that the resignation notice was less than normal period expected on an executive like Emeka.

Skye Bank Plc, on the other hand has indicated interest in acquiring Enterprise Bank Ltd., Timothy Oguntayo, the Group Managing Director of the bank, said in Lagos on Thursday.

Oguntayo made the development known at the bank’s pre-Annual General Meeting media briefing, adding that the bank had submitted a bid and scaled through various stages of due diligence.

“We are in the race for the acquisition of Enterprise Bank, we have scaled through the first hurdle stage and in the last due diligence stage,” Oguntayo said.

Those in know alleged that some of the ‘dirty things’ going on in Diamond Bank include bribing of top executives of both Asset Management Corporation of Nigeria (AMCON) and chartered Institute of Bankers (CIBN) who will facilitate the speedy acquisition by Diamond bank as other organizations are jostling for the same bank, Enterprise. It was gathered that a top executive of AMCON was given close to N200million to cede the bid in favour of Diamond bank.

An insider of Diamond bank alleged that the bank has given over N1billion to their connections in both Central Bank of Nigeria and Federal House of Representatives who are behind acquisitions of such transactions.

Finding revealed that the board of directors of Diamond bank has spent whooping amount of customer’s money to facilitate the purchase and this is affecting smooth operation in the bank. A customer who prefer anonymity divulged to us that she visited atleast two branches of Diamond bank within one week on different day to collect her money saved in the bank but met excuses that the network is down only for a her friend, a staff of Diamond bank to revealed that there is no cash on ground to pay anyone who wanted to collect huge amount of money.

To confirm the allegation, we visited two branches of Diamond bank in Lagos, a branch at Pedro B/stop in Gbagada and Abeaokuta expressway, Iyana Ipaja. The situation met confirmed what was reported as angry customers reacted to the inability of the bank to pay cash and mammoth crowd waiting to get there transactions done.

Though there were more than 20 bidders that have indicated interests in the purchase of Enterprise Bank, which not only underscored the attractiveness of the bank but vindicated the decision of the corporation to start with the bank, Diamond bank’s strategy to make the acquisition a reality is making the management to sack staffs to reduce overhead on staffs.

Additional report has it that, Jimoh Ibrahim who was one of the latest investors to bid has been shopping for a real investment in the banking industry to revitalize some of troubled companies which had nosedived.

Sources said that, Jimoh who is still a big player in the oil & gas business, newspaper publications, insurance, hospitality among others is still angry due to the way his investment in the aviation sector collapsed and has been making several moves to invest in a better industry.

Meanwhile, Femi Obateru is spearheading the interest of Obat Oil in the deal.

He is the Managing Director of Obat Petroleum and in charge of extensive operations of the family investment with a growing hold in the aviation sector. To succeed, interested parties need to pay all the debt of AMCON, including the 100% stake in Enterprise Bank and Femi is said to have put all machineries in place in achieving this project.

Findings revealed that Daimond bank has lay off over 500 staffs since inception of the idea to acquire Enterprise bank. According to investigations, Diamond bank is also involved in extortion scam, deducting money from customer’s account without approval.

It could be recalled that Onwuka has had a successful career in the banking industry. He has contributed immensely in the development of the banking industry in the last 20 years and Diamond bank in particular. It was his pedigree that earned him his appointment as the Chairman of Enterprise Bank Ltd, one of the nationalised banks. This singular appointment is in recognition of his sterling banking qualities and his ability to turn around and reposition the bank for greater heights.

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YAHAYA BELLO: PAYMENT OF SCHOOL FEES: SETTING THE RECORDS STRAIGHT 

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NO AMOUNT OF BLACKMAIL WILL MAKE HE YAHAYA BELLO ‘COME THROUGH THE BACKDOOR’

 

 

On Tuesday, 23rd April 2024, Mr. Olanipekun Olukoyede, in a conduct which we view as unbecoming of a Legal Practitioner, organised a press conference where he alleged (amongst other outrightly defamatory statements) that His Excellency, Alhaji Yahaya Bello, withdrew cash from the Kogi State Government Account, sent same to Bureau De Change Operators and then used same to pay the school fees of his children in advance.

 

According to Olukoyede, the payment was made just about the time the former Governor was to leave office.

 

Since the said press conference, receipts of payments of the said fees bearing the names of His Excellency’s Children and those of other family members, who separately paid their fees, have been flying all over the internet.

 

While we reserve our rights to seek redress against the said defamatory statements, permit us to briefly state the following for the purpose of setting the records straight:

 

1. His Excellency, Yahaya Bello’s children have attended the American International School, Abuja well before he became Governor and he has paid fees for his children as and when due and without fail.

 

2. His Excellency, Alhaji Yahaya Bello did not pay the sum of USD720,000 as alleged by the EFCC Chairman or USD840,000 as is being bandied about on the internet.

 

3. The payment of the fees was not effected at about the time his Excellency was to leave office as claimed by Mr. Olukoyede but same commenced in 2021.

 

3. Alhaji Yahaya Bello DID NOT pay the fees of his Children with monies from the Coffers of the Kogi State Government.

 

4. When the EFCC approached the American International School Abuja (AISA) to illegally recover funds legitimately paid by Alhaji Yahaya Bello and other family members, a member of the family challenged the EFCC’s unlawful acts to recover funds legitimately paid. The FCT High Court, in Suit No. FCT/HC/2574/2023 between: Mr. Ali Bello v. The Incorporated Trustees of American International School, Abuja, held that AISA could not lawfully and unilaterally refund to a third party, including the EFCC, fees paid by the parties to the suit.

 

The Court subsequently mandated AISA to continue to provide the services it had been paid with respect to the fees.

 

From the foregoing, it is clear that no money belonging to Alhaji Yahaya Bello or his family members with regard to school fees has been recovered by the EFCC.

 

5. Now, let it be known that, contrary to misleading narratives by the EFCC, all the documents published online i.e. receipts and letters, that the EFCC has released online, in furtherance of its unrelenting persecution of the former Governor, are documents filed by lawyers in the suit instituted on behalf of Alhaji Yahaya Bello and others who paid fees for their wards under the Advance Fee Payment Agreement with AISA.

Those documents, having been filed by his lawyers, are thus public documents, which shows that his Excellency, Yahaya Bello, has nothing to hide with regard to the payment of advance fees for his children. This unending harassment and persecution, even while in office, were among key reasons he sought to enforce his fundamental human rights.

 

6. We state that the payment of these fees and the legitimacy thereof is the subject matter of Charge No. FHC/CR/573/2022, filed by the EFCC since 15th December 2022 at the Federal High Court, Abuja. The Charge is pending and the Court has yet to make any finding or convicted anyone in respect of the said sum.

 

7. It is imperative to remind Mr. Olukoyede, who is a Lawyer, that once parties have submitted a dispute to the Court, they are to shun all actions and statements that may prejudice the hearing of the matter or the mind of the Court.

 

8. Since the matter is sub judice, we say no more, we await the EFCC’s proof of the allegations in Court, which is the only venue where the proof of these allegations matter.

 

9. We thank Nigerians who have recognised the obvious desperation of the EFCC boss to convict the former Governor by all means in the Court of public opinion rather than in the law court, as personal vendetta, with the connivance of like minds, and not a fight against corruption.

 

10.We implore others who might have been misled by their shenanigans not to be fooled by mischievous narratives but to

follow the case through until justice is served.

 

11. Finally, our Principal, Yahaya Bello, doesn’t visit law enforcement agencies “through the backdoor”. He has insisted on following due process in line with the rule of law. No amount of blackmail will intimidate him.

 

Thank you.

 

Signed

Ohiare Michael

MEDIA OFFICE,

HE YAHAYA BELLO

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Commissioner for Justice, Zacchaeus Adangor Resigns After Being Redeployed By Governor Fubara.

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Commissioner for Justice and Attorney-General of Rivers State, Zacchaeus Adangor has rejected his redeployment as Commissioner for Special Duties.

Zacchaeus also tendered his resignation from the state executive council.

Zacchaeus had, on 14 December, resigned his position as the Attorney-General of the state following the face-off between Governor Sim Fubara and the Minister of the Federal Capital Territory, FCT, Nyesom Wike.

Zacchaeus and other commissioners who resigned due to the political crisis in the state, however, returned to the government after being reconfirmed by the state House of Assembly.

Fubara, earlier in the week, reshuffled his cabinet and redeployed Zacchaeus as the commissioner for Special Duties (Governor’s Office).

In a letter sighted by DAILY POST and addressed to the Secretary to the Rivers State government, Zacchaeus rejected his new office.

Zacchaeus, a strong ally of Wike, in his resignation letter, accused Governor Fubara of interfering with the performance of his duties as Attorney General of the state.

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Just in: Senator Ayogu Eze Dies At 65

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Famous former lawmaker, Senator Ayogu Eze, is dead. He died at the age of 65.

Ayogu represented Enugu North in the Senate during which time he played key role of the image maker of the Senate.

He died in an Abuja hospital after a protracted illness.

Sources squealed that Ayogu had been down, a situation that made him unable to attend his child’s wedding ceremony held earlier in the year in Lagos State.

He was a founding member of the Peoples Democratic Party, PDP, before he defected to the All Progressives Congress, APC, where he ran for Enugu State governorship election.

In the Senate, he was appointed chairman of the senate committee on Information and Media, making him the official spokesperson of the senate in 2007.

After his reelection to the senate in 2011, he was appointed chairman of the committee on works.

Eze also served as a member of committees on Police Affairs, National Planning, Marine Transport and Federal Character & Inter-Government Affairs.

In May last year, the Senate confirmed the appointment of Eze and five others as Federal Commissioners for Revenue Mobilisation Allocation and Fiscal Commission, RMAFC.

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