N41 BILLION NITEL FRAUD: ELUMELU CHALLENGES SENATOR AKINYELURE, DEMANDS APOLOGY
Lawyers to Tony Elumelu, former Managing Director of the United Bank for Africa (UBA), Chairman of the Tony Elumelu Foundation and the heirs Holding group, has challenged the claims of Senator Ayo Akinyelure that the banker was indicted in a N41 billion naira fraud, when he was the Managing Director of the bank.
According to the Senate Committee Chairman on Ethics, Privileges and Public Petitions, ”the N41billion alleged fraud was committed against the defunct Telecommunication company and National Carrier, NITEL”
According to Akinyelure, ” the said sum was withdrawn systematically from NITEL for nine years under Tony Elemelu watch and two other former Managing Directors of United Bank for Africa.
Acting on a petition a petition by counsel to NITEL, J.U Ayogu and Co, the Senate Committee has summoned the Group Managing Director ( GMD) and Chief Executive Officer, CEO of the United Bank for Africa, Kennedy Uzoka to appear before the committee on August 5, 2020.
But in a letter by his lawyers, Lawal Rabana and Oluwakemi Balogun, the Senior Advocates claimed that their client (Elumelu) was alarmed and appalled by this deliberate peddling of falsehood and misinformation against an unblemished personal and business reputation, painstakingly built by their Client over several decades with great personal sacrifice and unquestionable integrity.
According to them, “It is important to emphasize that when UBA appeared before the Senate Committee on Ethics, Privileges and Public Petitions, attention was drawn to the fact that the facts and circumstances leading to the disputes on the alleged financial indebtedness was pending before the Supreme Court in SC/CV/112/2020. It was resolved that given the pendency of the matter at the Supreme Court, it was sub-judice and all actions on the matter be suspended.
“It is shocking and sacrilegious that a matter pending at the Apex Court could be subjected to debate contrary to the Rules of the Senate and by extension, the principle of law that when a matter is sub-judice, it should not be subjected to debate before a decision is reached by the Court. Therefore, the publications ascribed to Senator Ayo Akinyelure is in total disregard of the Rules of Senate and the Rule of Law”
They therefore demand an immediate open, public and unreserved retraction of the said statements credited to Senator Akinyelure and an apology from Senator Akinyelure for this false allegation and defamation of their Client.
“We have our Client’s further instruction to take all appropriate legal actions against Senator Akinyelure and his media agents if our above stated demand is not met within Seven (7) days of their receipt of our demand letter,” the lawyers added.
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