Business
Andy Uba to lose vehicles over N50m debt
An Abuja High Court has ordered the seizure of vehicles belonging to Senator Andy Uba over N50 million debt owed Oranto Petroleum Limited.
On Tuesday, officials of the execution unit of the court alongside police officers stormed Mr. Uba’s residence situated at No. 49 T.Y Danjuma Street, Asokoro, Abuja and seized Jeep vehicles belonging to the senator.
Oranto Petroleum had instituted the suit in 2016 against senator Uba following his refusal to pay back a N50 million friendly interest-free loan he was granted.
During trial, Mr. Uba had argued that the said money was a gift and donation from Mr. Arthur Eze, the owner of Oranto Petroleum for his political campaign.
N. Onovo, Uba’s counsel had challenged the jurisdiction of the court to hear the case as the senator resides in Abuja and the said gift was handed to him in Enugu which is outside the jurisdiction of the court.
READ ALSO: Court voids Andy Uba’s candidacy in Anambra guber polls
Relying on Section 133 (1) and (2) of the Evidence Act 2011, he further argued that the company failed to establish or lead cogent evidence to show that the N50 million given to Senator Uba was, indeed, a loan facility, and not a gift.
Consequently, he urged the court to hold that the failure of the company to produce the said resolution in court meant it would have been “unfavourable “to the person pursuing the case against Uba.
In response, the plaintiff’s lawyer Mrs. Ugochi Ohajekwe, while relying on section 131 (1) of the Evidence Act averred that the onus is on Mr. Uba to prove that there was no intention to repay.
On the issue that there was no evidence from the company that authorised the suit, Ms Ohajekwe argued that there was no law that insists on “front-loading of the resolution to sue.
She, therefore, prayed the court to hold that senator Uba failed to offer real defence to the suit, and that having failed in that regard, the court should enter judgment against him in the sum of N50 million, being a refund of the money he took as loan.
The court ordered that the judgement sum be recovered from the defendant to an amount assessed by the court in the circumstances of the case.
READ ALSO: What Andy Uba should note after the dismissal of Soludo’s disqualification suit
“Leave is hereby granted to the plaintiff/judgment creditor/applicant 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 held 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 judge ruled.
-
Aviation7 days agoGrenada grants visa-free entry to Nigerians, plans direct flight route to boost investment ties
-
Latest7 days agoAkpabio denies promising APC tickets to defeated Senators
-
Business4 days agoThe Pros and Cons of Nigeria’s $10bn Surge in Capital Importation
-
Politics6 days agoADC aspirant leads mass defection to APC in Kebbi
-
Football5 days agoChristian Eriksen stable after collapsing during Denmark–Ukraine friendly
-
Football1 week agoWorld Cup prediction expert sees Netherlands ending trophy drought in 2026
-
News1 week ago2027 Elections: Alimosho Federal Constituency stakeholders backs Ayuba, tasks Yilwatda, Sanwo-Olu, Tinubu
-
News5 days agoOndo cleric leads protest over insecurity, blames government failure (Video)

