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Falae denies receiving N100m from CBN

16 March 2016, 16:18

Lagos - The Social Democratic Party has denied that N100million was transferred to the company account of its Chairman, Olu Falae, from the Central Bank/ Joint Trust Dimension Nigeria Limited.

This was contained in a statement issued in Akure by the state Publicity Secretary of the Party Remi Olayiwola.

According to the statement; “The party and it’s national chairman never had any business dealing or transaction whatsoever with either the CBN or the Joint trust Dimension Limited.

"We wish to inform the general public that it is the same amount sent by the Peoples Democratic Party, PDP, to the SDP as a result of their inter-party agreement that is now being re-presented to the public through another dubious channel in order to portray Chief Falae and the SDP in bad light.

“It is falsehood. It has failed in the past and it will fail again no matter how many times our detractors attempt to smear our name obviously for political reasons.

Also read: Ogun SDP disowns Falae over N100m donation

The party noted that "On many occasions in the recent past, Chief Falae had reiterated that the sum of N100m was transferred by the PDP through its former Chairman, Board of Trustee, Chief Tony Anenih to the SDP through him as the National Chairman of his own party.

The EFCC had alleged in the reports that an alleged N100 million was traced to the account of Chief Falae while N840million was traced to the account of Chief Fani Kayode and some members of the PDP ahead of the last presidential polls.

Chief Falae, according to the anti graft agency received the money through his company-Marreco Limited, where he is the Chairman and paid it into the company’s United Bank of Africa Plc account.

Source: Vanguard

- News 24

Tags cbn olu falae

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