Business
How Goodluck Jonathan requested for Olisa Metuh’s corporate account to deposit money’ – Witness reveals
The defence of the embattled Peoples Democratic Party, PDP, spokesman has finally commenced at an Abuja Federal High Court with the presentation of it’s first witness.
The defence witness, Ike Abonyi, a journalist and Public Relations Consultant with a 28-years working experience in his testimony informed the court how former President, Goodluck Jonathan demanded for a corporate account from Metuh which some amount was paid into.
Abonyi said, “the President told Metuh to bring a corporate account to him for immediate mobilization.”
“I’m aware as a journalist that funding of publicity comes from the leader of the party mainly.”
He said Metuh had engaged him and his services and that of a Public Relations consultant called CNC connect to repackage the image of the party.
Abonyi said, “Metuh called me to work with him when he won the election to occupy the position of the National Publicity Secretary of the PDP, saying his new position has to do with the media and he had no knowledge of the media.
“In a bid to repackage the image of PDP, Metuh informed me that he would be engaging the services of a consultancy firm called CNC connect and together we made presentation to Jonathan.
”CNC had worked with former Chairman of the party, Ekewesileze Nwodo but had to withdraw their services because they are being owned by the party.
“Metuh, however told me that he had appealed to CNC connect that they would work with him due to their good job. He appealed to CNC connect that he would want them to continue where Nwodo stopped.
They said they were willing to return but the party was owing them and this, Metuh agreed to push their case.
“Following their presentation in a meeting, Metuh promised to meet them but at that time, there was no resources to engage them but we promised to get funds from the party.
“Eventually, the general election was fast approaching and Metuh approached me as the Executive Director of New Telegraph and requested he would need my full services this time, saying he would like if I can come in and work as a consultant to help him on the new challenge of improving the image of the party which was in bad shape and by virtue of his position all eyes were on him to come up with strategies ahead of the upcoming general election.
“When I joined him, Metuh told me that CNC connect will be needed and my response was CNC connect was too expensive as we can deal with other Public Relations firm but he insisted on CNC as the assignment was enormous and would rather go for the best.
When I told him of funding, he said the general election was coming and the lack of fund in his department will soon be a thing of the past as the leader of the party will have no choice but to fund the party.
“Even when I tried to lure Metuh out of CNC connect, he reminded me that he had made a commitment and would not go out of it. We eventually called CNC connect to join the team of journalists, where he informed us that he had been given an assignment by the leader of the party, former President, Goodluck Jonathan to come up with strategy that would help the party win the forthcoming election.
“Metuh told us that the assignment given to him was also given to some other professionals and we should see it as a challenge and make sure that our own strategy prevails. The team anchored by CNC connect with PDP began the strategies meeting with Metuh presiding over most of the meetings. We all agreed that he had a good product to offer, but Metuh said we should wait for clearance from the Presidential villa for Presentation.
“One afternoon, he called me that he had just received a call from the National Chairman of the party that the President would be ready for presentation that night and all those involved were resident in Abuja except the Managing Director of CNC connect whom I called to take the next available flight for the presentation.
Because he was already expecting the presentation, he took the next available flight to Abuja. Because he was coming in from Lagos, other members of the team went in one vehicle while Metuh carried the Managing Director of CNC in his vehicle.
Upon arrival at the villa, only Metuh’s car was allowed to enter but they waited for us at the clearance point where we were ushered to a waiting room where Metuh left and entered another room and 15 minutes later, Metuh ushered us into a large parlour with the President, vice Senate President , National Chairman of the party, former governor of Cross River state, Liyel Imoke and some media aides including Reuben Abati all seated.
“When we entered, the MD of CNC connect was the first to speak from our team, after the presentation, the President requested for comments from the team which he later said were too hard on him, adding that he himself was not helping the matter with the way he was acting.
“At a point, Reuben Abati who saw our presentation as an indictment on him told the President that the situation was not bad as we portrayed but was overruled. After the presentation, the President requested comments from those seated.
Peter Obi urged the president to mobilise our team before the commencement of the campaign, if not it would be difficult to win the election giving the difficult situation of the government at that time.
Following Obi’s comment, the President advised that all others that did presentation that night should collapse into Metuh’s team. At that point, the President commended Metuh but said the real job was out there.
” President told him to bring a corporate account to him for immediate mobilisation.”
“I’m aware as a journalist that funding of publicity comes from the leader of the party mainly.”
“After our presentation, we returned to our homes waiting to hear from Metuh on the outcome. One afternoon he told us that work will now start that the president said he should check his bank account that some money had been disbursed for the job.”
Cross examination is still in progress.
Supreme Court sets aside N22trn judgement against Union Bank
The Supreme Court has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014.
The judgement arose from a suit instituted by a company known as Visana Nigeria Limited which claimed that Union Bank was indebted to it in the sum of approximately $8 million at an interest rate of 2.5 per cent per month compounded from January 2000 until judgement and thereafter at 10 per cent per annum from the date of judgement until the sum was fully paid.
Delivering the lead judgement of the Supreme Court, with which four other Justices agreed, Justice Stephen Jonah Adah regretted how non-adherence to a settled judicial precedent by the two lower courts had caused a simple matter to be in court for over 25 years.
The final determination of the case is expected to lay to rest the discomfort of the CBN and other regulators of Union Bank, its auditors and rating agencies on the possible impact of the judgement on the going concern status of the bank.
Visana instituted the suit against the defendants, alleging that Metalloplastica Nigeria Limited, a Borrower from Union Bank was indebted to it in the sum of $7,616,188.94 as at December 1993 and that the purported Deed of Debenture made on 24th February 1989, pursuant to which Continental Merchant Bank appointed Chief R. U. Uche as Receiver/Manager of Metalloplastica was invalid, same having been procured “without the prior written consent of Universal Trust Bank and its successors-in title or assigns (being Union Bank) as provided in paragraph 13(f) of the original Debenture issued by Metalloplastica in favour of Universal Trust Bank.
Judgment was delivered against Union Bank on 16 December 2014 for the sum of USD7,616,188.94 or its equivalent in Naira with pre judgement compound interest at the rate of 4.25 per cent per month from 26th January 2000 till the date of judgement and thereafter at the rate of 10 per cent on the judgement sum per annum from the date of the judgement till final liquidation of the debt.
The Court of Appeal later heard the application filed by the 1st respondent (Visana Nigeria Limited) to rely on fresh evidence. The Appeal was heard, and judgement was delivered on the 16th of April 2021. Judgement was reduced to the sum of USD 365, 605.32 or its equivalent in Naira with pre-judgement with interest at 4.25 per cent per month simple interest from 31st December 1993 to 16th December 2014 and thereafter at the rate of 10 per cent per annum from the date of the judgement at the court below until final liquidation of the Judgment debt.
Still dissatisfied by the judgement of the Court of Appeal, Union Bank further appealed to the Supreme Court in 2021. Union Bank’s persistence paid off in the judgement delivered on Friday, 25 April 2025.
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