Prince Arthur Eze, Ngozi Olejeme in Tug of War over $2.8m, N240m

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Dr. Olejeme and Prince Eze
Dr. Olejeme and Prince Eze
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Prince Arthur Eze, Ngozi Olejeme in Tug of War over $2.8m, N240m

Dr. Ngozi Olejeme’s ambition of becoming the first female governor of Delta state was defeated Dr. Okowa, the current Executive governor. But the staggering loan of N1.2billion allegedly borrowed by the PDP stalwart (Olejeme) to enable her fulfill her objectives in the 2015 gubernatorial election has now landed her in court.

Dr. Olejeme and Prince Eze
Dr. Ngozi Olejeme and Founder of Oranto Petroleum Limited, Prince Arthur Eze

Dr. Olojeme’s long standing business partner, Prince Arthur Eze is unsatisfied that repayment of the alleged loan is not forthcoming has agreement of repayment dates has long expired without any attempt to settlement.

Eze, in the affidavit filled, said, “Unless ordered by the court, borrower will continue to remain indifferent to the demand to repay the loan.

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

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.

Prince Eze said that, the disbursed interest -free loans collected after discussions with Dr. Olejeme on April 2, 2014 were agreed to be refunded before the end of 2016.

But Olejeme who is currently being investigated by the Economic and Financial Crimes Commission of an alleged N69bn fraud during her tenure as chairman of the Nigeria Social Insurance Trust Fund (NSITF), responded after receiving a demand for repayment letter from Prince Eze that, “He may have to wait indefinitely till she is through with her challenges from the EFCC.”

“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.”

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