• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Alleged N17bn Fraud: Firm Files Defamation Suit, Seeks N5bn Damages

by Olakunle Olasanmi
8 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

A firm, NB Ceramics Limited and the managing director of BN Ceramics Industry Nigeria Limited, Liu Yangxi, have slammed an N5 billion defamation suit against two media outfits and one other over alleged false publication linking him with a purported N17 billion fraud.

Advertisement

The plaintiff in a suit, marked: CV/3993/2024 through their Counsel, Chief Akinlolu Kehinde (SAN), filed before the High Court of the Federal Capital Territory (FCT), listed Peoples Gazette Ltd (publisher of the Peoples Gazette – an online newspaper; Media Trust Ltd (publisher of Daily Trust newspaper) and Fidelis Akumatu (described as a journalist and correspondent/reporter with Daily Trust) as defendants.

In his statement of claim, the plaintiff stated that Peoples Gazette allegedly made the false and libelous publication on August 3, while Daily Trust made similar publication on August 7, which was purportedly authored by Akumatu (in Daily Trust).

Yangxi gave the title of Peoples Gazette’s alleged false and libelous publication as: “Petitions to EFCC, SSS accuse Chinese expatriate of colluding with bank manager to steal N17billion from two Nigerian ceramic companies.”

He said the publication allegedly made by the Daily Trust was captioned: “Bank manager, Chinese expatriates’ N17billion fraud: A dangerous economic sabotage.”

RELATED

Ndume Seeks Stiffer Military Action Against Terrorists In Sambisa, Mandara Mountain

22 PDP Govs Endorsed Jonathan In 2015 Yet He Lost Re-election, Ndume Warns Tinubu About 2027

38 minutes ago
‘No Discord Between Us’, Sanwo-Olu Breaks Silence Over Alleged Rift With Tinubu

‘No Discord Between Us’, Sanwo-Olu Breaks Silence Over Alleged Rift With Tinubu

38 minutes ago

The claimant stated that both publications did grievous damage to his reputation and exposed him to public disdain, disrepute, disregard and opprobrium.

He averred that “the defendants, without verifying the facts contained in their respective articles or conducting proper investigations, published the above libelous words, knowing them to be false.

“The above published words have portrayed the claimant in the following negative light: a fraudulent person, a person who launders money, an impersonator, a person who does not care about the welfare of his workers, a murderer, a person who causes harm to his environment, a person who evades paying taxes and person who encourages fraudulent activities.

“The catchy libelous titles of the published articles portray the claimant as a person, who conspires with bank workers to launder money and commit fraud, and evades tax payment.

“It is the claimant’s averment that the said published articles are grievous, false and calculated to damage his image, goodwill and reputation.

“The articles have indeed tarnished the image and reputation of the claimant which he has built over the years as a law abiding expatriate and a morally upright person.

“The claimant’s business associates now see him and believe that the defendants have evidence to prove that he actually committed the alleged acts which includes; conspiracy to launder money, money laundering, tax evasion and impersonation.”

He is praying the court to, among others , declare that the publications amount to libel and particularly calculated to injure his reputation.

The claimant wants an order mandating the defendants, their servants, privies or agents to cause a withdrawal of the libelous materials.

He is also seeking an order mandating the defendants to each publish an apology on three national newspapers for the libelous publications made against him in the publications of August 3, 2024 and August 7, 2024, respectively.

Yangxi equally wants the court to issue an order awarding to him N5billion against each of the defendants for the libelous publications, including an order of perpetual injunction restraining the defendants and their agents from further making any false and libelous publications against him.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

CSO Lauds CNS Ogalla’s Leadership Of Nigerian Navy

Next Post

Zwingina: Loss Of A Patriot, Mobiliser, Nationalist – NOA

Olakunle Olasanmi

Olakunle Olasanmi

You May Like

Ndume Seeks Stiffer Military Action Against Terrorists In Sambisa, Mandara Mountain
News

22 PDP Govs Endorsed Jonathan In 2015 Yet He Lost Re-election, Ndume Warns Tinubu About 2027

2025/06/08
‘No Discord Between Us’, Sanwo-Olu Breaks Silence Over Alleged Rift With Tinubu
News

‘No Discord Between Us’, Sanwo-Olu Breaks Silence Over Alleged Rift With Tinubu

2025/06/08
Community Begs Gov Makinde For Intervention Over Death Of APC Chieftain On Dilapidated Bridge
News

Community Begs Gov Makinde For Intervention Over Death Of APC Chieftain On Dilapidated Bridge

2025/06/08
Why We Buried ‘Gwo Gwo Ngwo’ Crooner Ejeagha Within 24 Hours — Eldest Son
Entertainment

Why We Buried ‘Gwo Gwo Ngwo’ Crooner Ejeagha Within 24 Hours — Eldest Son

2025/06/08
Thieves Stab Senior Naval Officer To Death In Kaduna
News

Thieves Stab Senior Naval Officer To Death In Kaduna

2025/06/08
Edo South Senator Imasuen Speaks On Planned Defection To APC, Achievements
News

Edo South Senator Imasuen Speaks On Planned Defection To APC, Achievements

2025/06/08
Leadership Conference advertisement

LATEST

22 PDP Govs Endorsed Jonathan In 2015 Yet He Lost Re-election, Ndume Warns Tinubu About 2027

‘No Discord Between Us’, Sanwo-Olu Breaks Silence Over Alleged Rift With Tinubu

Community Begs Gov Makinde For Intervention Over Death Of APC Chieftain On Dilapidated Bridge

Alcaraz Beat Sinner In Epic French Open Final

Why We Buried ‘Gwo Gwo Ngwo’ Crooner Ejeagha Within 24 Hours — Eldest Son

Thieves Stab Senior Naval Officer To Death In Kaduna

Edo South Senator Imasuen Speaks On Planned Defection To APC, Achievements

Natasha: ‘Denial Is Not Enough’, Group Dares Akpabio’s Aide Over Deleted ‘Confession’ On Social Media

4 Killed, 2 Injured In Ambush On Miners In Plateau Community

Federal Civil Service Commission Alerts Public Over Fake Promotion Exam Forms

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.