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General News of Tuesday, 11 July 2023

Source: www.mynigeria.com

Are you not a billionaire? - Rufai Oseni puts Dr Abati on the spotlight on live TV

Photo of Rufai Oseni and Dr Abati play videoPhoto of Rufai Oseni and Dr Abati

A video of Arise TV co-host, Rufai Oseni asking his co-host Reuben Abati if he is a billionaire has emerged on social media.

The conversation popped up when Dr. Abati was sharing his thoughts on the controversy that has shrouded the purchase of 4.7 billion shares by Oba Otudeko’s Honeywell Group.

After Dr Abait has shared his initial thoughts, he concluded by saying that "he doesn't want to lose sleep whenever billionaires are fighting"

He said further, "As I said earlier when Rotus brought up the story, I don't like to lose sleep when billionaires are fighting. I show more concern with all these borrowers because billionaires know how they play their game. And I am sure they'll resolve it one way or the other."

Reacting to Dr Abati's comment, Rufai asked, "Are you not a billionaire Mr Abati? Dr Abati are you not a billionaire? Dr. Abati, I put it to you that you are a billionaire."

Meanwhile, Ecobank Nigeria Limited has urged First Bank of Nigeria Holdings Plc not to approve the 4.7 billion shares bought by Oba Otudeko’s Honeywell Group over an alleged N13,507,052,417.99 debt owed it by th company and its promoters.

Ecobank, in a letter written on its behalf by its lawyer, Oludare Amusan of Kunle Ogunba & Associates, insisted that if First Bank approved the transaction, it would be equivalent to assisting in the diversion of funds and assets meant for the payment of the debt which the Supreme Court has allegedly affirmed.

The bank also, in the letter dated July 7, 2923, demanded that the management of First Bank should, within seven days of the receipt of its letter provides it with details of the status of the transaction.