Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan (2166 Views)
Lai Mohammed Used FG’s Handle To Tweet On APC Crisis, Got Blasted / Atiku Reacts To CJN Onnoghen's Petition in CCB / Embattled Justice Onnoghen To Be Replaced By Justice Tanko Ibrahim Mohammed (2) (3) (4)
| Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by GODISGREAT123: 5:45pm On Mar 21, 2019 |
Onnoghen used FG bonds, shares as collateral for $500,000 loan —Witness By Unini Chioma - Mar 21, 20190 Share Tweet An official of Standard Chartered Bank, Ifeoma Okeagbue, confirmed to the Code of Conduct Tribunal on Thursday that the suspended Chief Justice of Nigeria, Justice Walter Onnoghen, was granted a loan of $500,000 by the bank as of January this year. Okeagbue, who was testifying as the third prosecution witness in the ongoing trial of Onnoghen on charges of false and non-declaration of assets, also confirmed that the loan was guaranteed by the suspended CJN’s investments in Federal Government’s bonds and shares, among others. She said this while being cross-examined by the suspended CJN’s lawyer, Chief Adegboyega Awomolo (SAN). The witness, who had earlier said in her evidence-in-chief that Onnoghen had five accounts, confirmed that the ones in euro, dollar, and pound sterling were domiciliary accounts and not ‘foreign accounts.’ The conversation between Awomolo and the witness went thus: Awomolo: The defendant has a facility or loan of $500,000 granted by the bank as of January 2019. Witness: Yes. Awomolo: The security for the loans is his investments in Federal Government bonds and other investments such as shares. Witness: Yes. Awomolo: The pound sterling, dollars and euro are domiciliary accounts operated in Nigeria not overseas. Witness: Yes. Awomolo: The bank encouraged him as a disciplined account holder to invest in some other profit venture. Witness: Yes. Awomolo: And interests on these investments are credited back to his accounts. Witness: Yes. https://thenigerialawyer.com/onnoghen-used-fg-bonds-shares-as-collateral-for-500000-loan-witness/ 2 Likes 2 Shares |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by Realtord43: 5:51pm On Mar 21, 2019 |
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| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by Pekele007: 6:00pm On Mar 21, 2019 |
EFCC and their rush rush media trial self 6 Likes |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by nameo: 6:05pm On Mar 21, 2019 |
See the way Buhari FG is disgracing itself on this trial so far. @Buharists, come and see o. The so called "foreign" accounts that the CJN alledgedly had are just domiciliary account and the so called dollars he has are loans gotten from a bank with his investments in shares and govt bonds as guarantees. Ok o..... 6 Likes 1 Share |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by slivertongue: 6:10pm On Mar 21, 2019 |
EFCC will soon lose steam and start asking for adjounments. all d 'jamboree' stories about billions is yet to b proven 2 Likes |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by Nobody: 7:00pm On Mar 21, 2019 |
The disgrace and embarrassment this man has faced is enough to make up his mind not to work for this country again. Shameless people... Nigeria no deserve good people at all 2 Likes |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by GODISGREAT123: 7:10pm On Mar 21, 2019 |
ejibaba: It is really very disheartening!. Someone that has spent over 30 years since 1988 at no the Bench and you see money not up to Yusuf Buhari's power bike and there is hullabaloo all over the place. 7 Likes |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by Nobody: 7:14pm On Mar 21, 2019 |
GODISGREAT123: My brother, I just weak since o read this thing...if Na after everything I will just take over and resign 3days after. I can't work where I'm not valued. 1 Like |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by Igwe9(m): 7:18pm On Mar 21, 2019 |
Hmm, poverty is a disease, those with poverty mentality will ask what does he need the loan for 1 Like |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by LibertyRep: 7:53pm On Mar 21, 2019 |
The CJN deserves apology from everyone that had hurled insults at him over this media trial. I'm sorry, Justice Onoghen 4 Likes |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by dirtycoin(m): 7:54pm On Mar 21, 2019 |
PMB and his 'attack dogs', the EFCC and DSS, failed to do their homework properly. They really do not have any case against the CJN, Onnoghen. They filed up false charges against him without proper investigation. It is now very clear that PMB wanted him out of the way so he could rig the elections with the support of INEC. |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by truthfulparrot(m): 9:03pm On Mar 21, 2019 |
The plan was to bullied the CJN into resignation by intimidation and media trials. But they were shocked when the CJN refused to resign and eventually opted to enter the dock. Even if the CJN eventually resign which I will advice him to do immediately after the trial, he has succeeded in clearing his name and showing to the whole world that the FGN did not act in utmost good faith in his prosecution. The ZOmbies that swallowed the propaganda hook and sinker without thinking should bow their heads in shame! This was a man against all odds that fearlessly gave PMB a favorable judicial opinion at the 2007 election tribunal. The real fear of APC is that they are afraid of such a fearless CJN! 6 Likes 1 Share |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by lionshare: 9:56pm On Mar 21, 2019 |
truthfulparrot: What basis will you advise him to resign? 1 Like |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by id911(m): 10:39pm On Mar 21, 2019 |
truthfulparrot: As for the bolded, I'm sorry he will never resign because they will achieve their objective if he eventually resigns. I know Onnoghen as a courageous judge who always stands for justice. I wonder what is going to be the headlines in the Nation Newspaper now. The Nation Newspapers was fabricating false news on a daily basis against Onnoghen even no Nothern Media Houses ever did such damage to the man as Nation, TVC and Channels Television did. God will punish them for trying to tarnish the man image and reputation he has built for over 30 years on the bench because of elections. We in the Niger Delta are taking notes of what some people here in the South are doing to our prominent sons and daughters 1 Like |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by Lec25(m): 10:40pm On Mar 21, 2019 |
God will surely vindicate the CJ, the man is innocent of all the charges.
May thunder fire APC and their supporters. |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by truthfulparrot(m): 7:07am On Mar 22, 2019 |
lionshare:Nigeria is not worth dying for. If not for the fact that by God grace, I am a little bit comfortable and have some commitments, I would have left this country. This country don't value hard-work and honesty. The mentality of our youths and zombies is also frustrating. They are not ready to work hard to earn a leaving. To get good and dedicated employees is very hard. The government found it easier to Lord it over Nigerians because there are a lot of Zombies who will also lick the asses of those in government without thinking! |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by Mystick: 7:52am On Mar 22, 2019 |
What is happening? All the three witnesses FG presented ended up defending the CJN indirectly. 1 Like |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by justtoodark: 8:03am On Mar 22, 2019 |
efcc has the right to question anybody....wheather right or wrong.... |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by lionshare: 3:50pm On Mar 22, 2019 |
truthfulparrot: May the heavens bless for this apt & rational reply, its a hard to find one on Nairaland this days. I understand the rationale behind your suggestion but then just like you Onnoghen has too much commitments to the Nigerian project to abandon it as of now and also considering is his age, his victory will go a long way to further empower our judiciary and strengthen it as an institution which is crucial our collective development. |
| Re: Onnoghen Used FG Bonds, Shares As Collateral For $500,000 Loan by weownthewest: 3:58pm On Mar 22, 2019 |
What the apc demons did to onoghen is unforgivable. |
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