#BBB NEWS| NDIC Drags Doyin Okupe To Court Over Unpaid Debt

The Nigerian Deposit Insurance Corporation, (NDIC), Liquidator of Gulf bank Nigeria Plc in a debt recovery suit before a Federal High Court in Lagos, against the Senior Special Assistant to President Goodluck Jonathan, Dr. Doyin Okupe and two others filed an application to place the suit on an undefended list.

Joined as Okupe’s co-defendants in the suit are an investment company, Value Trust Investment Limited, and a Director of the company Mr. Ray Ahazie.‬
NDIC is claiming Okupe, who is the chairman of the company and other defendants owe the sum of N34,168,064.51.‬ as outstanding balance of a loan they took from liquidated Gulf bank Plc.

NDIC is also claiming the interest on the said sum at the rate of 21 per cent per annum from May 2007, until the final liquidation of the said sum.‬

NDIC in its statement of claim filed before the court on the 10 July 2007 by its lawyer, Dr. I. Abiodun Layonu, stated that the defendants was granted a credit facility in October 2000, by Gulf Bank Plc, to finance the importation of 10,000 metric tones of rice for onward delivery to the Balyesa state government in the sum of N448, 000.00, vide an offer letter dated 27 October 2000, and that the terms and conditions of the offers and acceptance were later formalized in a memorandum of agreement duly signed and stamped by the bank and defendants.‬

#BBB NEWS| Buhari Has No Certificate, Okupe Insists

The Senior Special Adviser to the President on Public Affairs, Doyin Okupe, has said that he stands by his words that the President-elect, Muhammadu Buhari, is not an electable leader.

Many critics of the All Progressives Congress candidate, including the Ekiti State Governor, Ayodele Fayose, who, in the buildup to the March 28 presidential election, condemned Buhari, had subsequently apologised after he won the election.

But Okupe, on Monday said he would stand by his words that Buhari, who he said had no West African Senior School Certificate, was not eligible to contest for President.

He stated on his official Facebook page, “These are very interesting times in our nation. An election has come and gone. A victor has emerged and the loser has conceded.