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Invasion of Senator Andy Uba’s Residence Political, Unlawful – ZLP Chairman

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National Chairman of Zenith Labour Party (ZLP) Chief Dan Nwanyanwu has condemned the barricade and picketing of the residence of Senator Andy Uba, a chieftain of All Progressives Congress (APC) and governorship aspirant in Anambra State by staffers of a new generation bank.

Nwanyanwu, in a statement in Abuja, faulted the method adopted by the bank to recover an alleged loan owed by the former Presidential adviser, describing it as “grossly irresponsible and against the ethics and ethos of the banking profession.”

The ZLP Chairman said what happened between Uba and the bank was a business relationship clothed with fiduciary understanding, which is not for public drama.

He accused the bank of acting in an ignorious manner.

“When the contract between the two parties was entered into, the public was not involved and not aware and you can not dance naked in the market Square under the guise that you were on debt recovery,” he said.

Nwanyanwu insisted the action of the bank smacked of “paid hirelings out to embarrass and disgrace Senator Andy Uba in other to satisfy their paid masters rather than a genuine attempt to recover the so called debt. No responsible bank or its officials anywhere in the world will act in that manner.”

According to the ZLP boss: “As a banker of many years, I know that banks don’t recover their debt through a public show, rather there are procedures and mechnisms available to any bank to recover any debt owned by a customer that is getting difficult to be repaid.

“I don’t know when it has become a crime for individual and business concerns to borrow from a bank. Most business concerns run their businesses with some facilities from banks in a fiduciary relationship and it is never a crime. Is Nigeria not owing?”

Nwanyanwu said the invasion was also political. According to him: “Now that the primary election by different political parties including the party of Senator Andy Uba are also selecting their governorship candidates, the actions of the bank at this critical point lends credence to the fact that the action was political and aimed at working against the interest of Senator Andy Uba who is also an aspirant in the state for the race of governor in Anambra state.”

He advised Senator Uba to seek redress in court and press for damages for a breach of fiduciary relationship between the bank and himself.

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