Arthur Eze Demands N200bn from Wema Bank over Debtors List Publication



Arthur Eze Demands N200bn from Wema Bank over Debtors List Publication

Today, business mogul and philanthropist Prince Arthur Eze, has asked the management of Wema Bank Plc to pay him N200 billion to lessen the damage he said he suffered on account of the “false and defamatory publication” of his name and photograph among the debtors of the bank in a national daily on August 7.

He also demanded the sum of N200 billion from the management of the national newspaper, Punch Nigeria Limited, within seven days for publishing and circulating the “highly defamatory and injurious falsehood” to the effect that he (Eze) was among the directors of a debtor company, Genesis Electricity Limited which owes Wema Bank Plc the sum of N136.93 million.

Eze, who wrote the bank and the media organisation through his counsel, Chief G. Tagbo Ike of Ike & Associates in Enugu, said the contentious publication captioned: ‘Arthur Eze’s firm among Wema Bank loan defaulters’ and published along with his photograph was totally false and untrue as he (Eze) had nothing to do with the alleged debtor company.

The letters dated August 7, 2015, copies of which were obtained by journalists in Enugu, read: “It is our instruction that on August 7, 2015, you caused to be published and circulated in a daily newspaper, ‘The Punch’, a highly defamatory and injurious falsehood to the effect that our client is among the debtors of a debtor company, Genesis Electricity Limited, which owes your bank the sum of N136.93 million.

“To bring home to the reading public, you caused the said publication to be made along with the photograph of our client inserted in the most conspicuous front-page of the said newspaper.

“In the said publication, you put up a screaming headline on the front cover of the said publication to wit ‘Arthur Eze’s firm among Wema bank loan defaulters’.”  

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