Nigerian billionaire Arthur Eze, known for his business acumen and leadership at Atlas Oranto Petroleum, has recently won back millions in assets.>>>CONTINUE FULL READING HERE....CONTINUE READING THE ARTICLE FROM THE SOURCE
This win came after a tense legal battle involving his brothers.
What really happened
Arthur’s ordeal began when he discovered that his brothers, Olisaebuka and Onyeka Nnadozie Eze, were allegedly involved in siphoning off assets that belonged to him.
The assets which include properties in prime locations of Abuja such as Plot No. XK1057 in Apo Layout and Plot No. 188 in Cadastral Zone E12 of Orozo, were allegedly purchased with funds diverted from Eze’s business.
The vehicles recovered range from practical choices like Toyota Camrys and a Honda Accord to luxury selections such as a Mercedes-Benz GLE and a Kia SUV. Additionally, three high-value watches, including a unique gold Piaget, were part of the assets returned to him.
The case escalated to the Court of Appeal in Abuja. The Economic and Financial Crimes Commission (EFCC), Nigeria’s guardian against financial crimes, stood by Arthur, presenting a strong case.
On June 7, the court ruled in Arthur’s favor, dismissing his brothers’ appeals who claimed they had acquired those assets legitimately.
What you should know about Arthur Eze
Arthur Eze has been a major player in Nigeria’s oil sector since he founded Atlas Oranto Petroleum in 1991. Today, it is the largest privately held oil exploration and production company in Nigeria, with operations spanning 22 African countries.
His business acumen also led him to venture into the aviation sector following Nigeria’s 1992 airline deregulation with the founding of Triax Airlines.
Moreover, his influence extends beyond the Nigerian borders. In a recent move in December 2023, Uganda extended its exploration license for another two years, allowing further oil drilling opportunities and cementing its status as a key player in the region.>>>CONTINUE FULL READING HERE
