• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Monday, July 7, 2025
Emerald News Nigeria
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
Emerald News Nigeria
No Result
View All Result

Senator Akinyelure in trouble as Tony Elumelu gives 7 days ultimatum to retract N41bn fraud allegation, tender apology

by Emerald Nigeria
August 3, 2020
in Economy
ShareTweetShareShare

Former Managing Director of the United Bank for Africa (UBA) Dr. Tony Elumelu, has given the Chairman of the Senate Committee on Ethics, Privileges and Public Petition, Senator Ayo Akinyelure seven days to retract a statement credited to him, indicting the eminent banker in a N41billion fraud allegation.

Lawyers to Dr. Elumelu, in a letter to Senator Akinyelure, threatened to drag the lawmaker to court if he fails to retract and publicly apologize to Dr. Elumelu over his reported indictment on the said fraud allegation.

The committee chairman was reported to have claimed that Dr. Elumelu, who is also the Chairman of Tony Elumelu Foundation and Heirs Holding Group, was indicted in a N41billion fraud, when he was the Managing Director of UBA.

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

“The said sum was withdrawn systematically from NITEL for nine years under Tony Elemelu’s watch and two other former Managing Directors of United Bank for Africa,” Akinyelure was quoted as saying.

Acting on 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.

Also Read:

Senate schedules public hearing on Senator Nwoko’s bill to upgrade FCET Asaba to Federal University of Technology Wednesday

Despite stiff opposition, Senate passes Tinubu’s tax reform bills

Senator Nwoko moves to restructure Nigeria’s welfare system as his bill to establish social security agency passes first reading

BREAKING: Senator Nwoko’s bill to upgrade Federal College of Education (Technical) Asaba to Federal University of Technology passes first reading

However, in a letter by his lawyers, Lawal Rabana, SAN and Oluwakemi Balogun, SAN, the Senior Advocates stressed that their client, Dr Elumelu, was alarmed and appalled by this deliberate peddling of falsehood and misinformation against an unblemished personal and business reputation, painstakingly built over several decades, with great personal sacrifice and unquestionable integrity.

The lawyers stated, “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.

“The publications ascribed to Senator Ayo Akinyelure are in total disregard of the Rules of Senate and the Rule of Law”.

The lawyers therefore demanded an immediate, open, public and unreserved retraction of the said statements credited to Senator Akinyelure as well as 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.

Tags: SenateTony ElumeluUBA
ShareTweetShareSend
Previous Post

Ibori@62: What Ughelli North chairmanship aspirant said about Ibori will inspire more love for him

Next Post

Delta education commissioner gives full details of protocol arrangement as WAEC students resume on Tuesday

Related Posts

Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

July 1, 2025
Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

June 29, 2025
Senator Nwoko to establish ICT centre in Issele-Mkpitime as Obi applauds his commitment to community development

Senator Nwoko to establish ICT centre in Issele-Mkpitime as Obi applauds his commitment to community development

June 8, 2025
AirPeace Passenger Recounts Ordeal as Abuja-Asaba Flight Faces Multiple Delays, On-Ground Incident

AirPeace Passenger Recounts Ordeal as Abuja-Asaba Flight Faces Multiple Delays, On-Ground Incident

June 7, 2025
JUST IN: No past governor will go without full investigation – EFCC

Delta Host Communities Demand EFCC Probe of N1.3 Trillion 13% Oil Derivation Funds

June 5, 2025
Federal Government Distributes 3,500 Life Jackets in Delta State to Boost Waterway Safety

Federal Government Distributes 3,500 Life Jackets in Delta State to Boost Waterway Safety

June 2, 2025
Next Post
Delta education commissioner gives full details of protocol arrangement as WAEC students resume on Tuesday

Delta education commissioner gives full details of protocol arrangement as WAEC students resume on Tuesday

Trending

  • Delta Government Clarifies Indecent Dressing Law, Sends Message to Law Enforcement Agents

    Delta Government Clarifies Indecent Dressing Law, Sends Message to Law Enforcement Agents

    0 shares
    Share 0 Tweet 0
  • Anioma State Proposal Receives Overwhelming Support at Enugu Constitutional Amendment Hearing

    0 shares
    Share 0 Tweet 0
  • Labour Party issues 48-hour ultimatum to Peter Obi to take this decision

    0 shares
    Share 0 Tweet 0
  • Senator Nwoko wins big as 85 Senators endorse creation of Anioma state ahead of July 4 public hearing

    0 shares
    Share 0 Tweet 0
  • (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    0 shares
    Share 0 Tweet 0
  • Delta North Monarchs Press for Anioma State at Constitution Review Hearing in Ikot Ekpene

    0 shares
    Share 0 Tweet 0
  • Peter Obi Declares Support for ADC, Unveils 2027 Political Roadmap

    0 shares
    Share 0 Tweet 0
  • From Delta to Doha: Former Delta Deputy Governor Otuaro Celebrates Students’ Global Debate Victory

    0 shares
    Share 0 Tweet 0
  • Anioma State Creation Tops Agenda at Constitution Review Public Hearing in Ikot Ekpene

    0 shares
    Share 0 Tweet 0
  • Time Is Now, No Objections!! Delta North People Respond At Senate Public Hearing on Anioma State Creation

    0 shares
    Share 0 Tweet 0

Latest Stories

Time is Now!! A Generational Opportunity Anioma Political Leaders, Traditional Rulers, Delta North LG Chairmen Must Not Miss

July 7, 2025

OPINION: Effective Senate Representation is a Necessity for Delta Central, By Evance Ivwurie

July 7, 2025

Tantita Is the Largest Employer in Urhobo Land — Community Leaders Fire Back at UPU

July 7, 2025

ANIOMA STATE: APC chieftain, Emma Eboh, sends strong message to Delta North house of assembly members

July 7, 2025

Anioma State Creation Public Hearing: There was no discussion about monetary compensation for attendance – Senator Nwoko’s media office reveals

July 7, 2025

Anioma State Proposal Receives Overwhelming Support at Enugu Constitutional Amendment Hearing

July 7, 2025

ANIOMA STATE: The fight must be won – Senator Nwoko declares, says complaints from few unnecessary, baseless

July 6, 2025

Mayor Akpodoro Appeals for Calm in UPU–Tantita Dispute

July 6, 2025

Time Is Now, No Objections!! Delta North People Respond At Senate Public Hearing on Anioma State Creation

July 5, 2025

From Delta to Doha: Former Delta Deputy Governor Otuaro Celebrates Students’ Global Debate Victory

July 5, 2025
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

© 2024 Emerald News Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Emerald News Nigeria
  • Inside Delta
    • Niger Delta
  • Politics
  • Economy
  • Crime
  • Education
  • Health
  • Entertainment
  • Relationship
  • Special Report

© 2024 Emerald News Nigeria.