Court, police impound Andy Uba’s cars over N50m debt owed Arthur Eze

Officials of the Execution Unit of the Federal Capital Territory High Court, Abuja and some policemen, yesterday, raided the Asokoro, Abuja home of Senator Andy Uba over an unpaid loan of N50 million from Oranto Petroleum Ltd., owned by billionaire and philanthropist, Prince Arthur Eze.

It was gathered that the court officials and policemen seized three vehicles belonging to Senator Uba, the sequel to the judgment of an Anambra State High Court delivered on March 6, 2017, by Justice C.N. Mbonu Nwenyi of the Aguata Judicial Division Ekwulobia.

In his ruling, Justice Nwenyi held that as the defendant in the case, Senator Uba has not denied he received the friendly interest-free loan from the plaintiff. The judge further held that having gone through the statement of defence of the defendant, he did not disclose any good defence to the suit and in such circumstance, the plaintiff is entitled to the judgment.

Justice Nwenyi stated: “The Plaintiff has sufficiently shown that he granted an interest-free friendly loan to the defendant which has not been denied and since has not been repaid. In the circumstances, I enter judgment for the plaintiff in the sum of N50million being refund of interest-free loan granted to the defendant by the plaintiff at the defendant’s request.”

Ugochi Obajekwe, with the brief of Chief G. Tugbe Ike, appeared for the plaintiff, while G.N Onovo with the brief of Chima Oguejiofor appeared for the defendant.

The execution of the judgment came about as a result of a motion ex parte dated May 5, 2022, and filed the same date praying to the court for some relief and subsequent order of the FCT Capital Territory High Court dated June 30 2022.

An official of the court confirmed the execution of the order at Senator Uba’s house.