• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Saturday, June 13
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Banking & Finance»Money Market»Buhari’s Group May Sue Atiku Over Keystone Bank, Etisalat Ownership Claim
Money Market

Buhari’s Group May Sue Atiku Over Keystone Bank, Etisalat Ownership Claim

By Orientalnews StaffJanuary 3, 2019No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Joseph Bakare 

The Buhari Campaign Organisation (BCO) has declared its intention to sue the Peoples Democratic Party (PDP) and its presidential candidate, Atiku Abubakar, except within seven days they show evidence of their claim that President Buhari and members of his family own substantial shares in Etisalat Nigeria and Keystone Bank.

Atiku had in a statement issued in Abuja last week by his Special Assistant on Public Communication, Phrank Shaibu, claimed that members of the first family had become big players in the financial sector after acquiring mouth-watering shares worth $1.916 billion (equivalent to N307.5 billion) as well as purchasing about N3 billion worth of shares in the new Pakistani Islamic Bank.

The PDP Presidential Campaign Organisation called for an investigation into the alleged diversion of military funds for the acquisition of shares in 9Mobile in the telecom firm and the bank.

But the BCO said that the allegations made by Atiku and his party, beyond mere politicking, were too weighty to be ignored or considered as electioneering gimmicks.

In a reaction by its Director of Communications & Strategic Planning, Mallam Gidado Ibrahim, the BCO said the PDP and its candidate should be ready for a court action.

Relying on the provisions of the law, the President’s support group maintained that the ball was in Atiku’s court to provide evidence of the allegations of sleaze against Buhari and his family because the burden of proof always lies with the person who lays charges.

Ibrahim said in a statement: “The BCO has been taking note of the smear campaign mounted against President Muhammadu Buhari by the PDP and its presidential candidate, Alhaji Atiku Abubakar, in which they accused the first family of owning shares in Keystone Bank with total assets of $1.916 billion (equivalent to N307.5 billion) and Etisalat Nigeria, as well as purchasing about ¦ 3 billion worth of shares in the new Pakistani Islamic Bank.

“These are very weighty allegations and we are not saying the former vice president and his party have no right to blow the whistle, especially under an administration with a whistleblowing policy in place.

“But following the provisions of the law, the burden of proof (onu probandi) is always on the person who brings a claim or alleges.

“We therefore urge Atiku and his party, PDP, to show proof that the President and members of his family have shares in these companies.

“At least, with such evidence, they would have done great service to Nigerians by exposing corruption. But if they fail to do so within seven days, the BCO will be left with no other option than to drag them to court on behalf of President Buhari where they will be compelled by the law to provide evidence or pay for damages.”

Reiterating its stance that the opposition should engage in issue-based campaigns rather than resorting to hate speeches and campaign of calumny against the President, the BCO said it showed that the PDP and its standard bearer have nothing to offer Nigerians.

Ibrahim continued: “Atiku is certainly feeling the heat of facing reality and has resorted to the principle of ‘attack is best form of defence’. There is no hiding place for him. Those who misgoverned the country in the past should be shamed rather than rewarded. That is the only way Nigeria can move forward.

“No amount of unfounded allegations against President Muhammadu Buhari can stop Nigerians from voting a leader they have come to trust and believe in for these past years.

“We will, however, refrain from making further comment on this issue since it is going to be a subject of litigation. But, if Atiku and his party think this will end on the pages of newspaper, they should prepare to meet us in court if they cannot prove their allegations.

Share this:

  • Share
  • Click to email a link to a friend (Opens in new window) Email
  • Tweet
  • Click to share on Reddit (Opens in new window) Reddit
cover
Orientalnews Staff

Related Posts

Now That Banks’ Recapitalization Exercise Is Over

May 19, 2026

Moniepoint Reaffirms Leadership In Nigeria’s Banking Space 

April 23, 2026

CBN Confirms Significant Improvement In Nigeria’s Foreign Reserves

March 3, 2026

Leave A Reply Cancel Reply

The latest
  • BP’s Great Reversal and the Return of Energy Realism
  • RECLAIM AND DEFEND THE YORUBA HOMELAND: Why a Pan-Yoruba Summit Must Convene in Ilorin
  • Warri Federal Constituency II: Warring Parties Agree To Power Sharing 
  • APC National Chairman Urges Defense Of Nigeria’s Democracy 
  • Fidelity Bank Reaffirms Support For MSMEs, Drives Growth Agenda At SME Forum
  • JMG Marks 28 Years With Stronger Commitment To Sustainable Energy Solutions
  • Osun APC Is A Failure Declares TICC
  • NDSF 2026: Teniola, Ebeledike Inducted Into Hall Of Fame As NiRA, MTN, Digital Realty Honoured 
  • Nigeria Reaffirms Commitment To Hit 2 Million Barrels Daily Oil Production 
  • Rite Foods Engages Schools In Practical Environmental Education 
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2026 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.