Pius Ogbuawa: Sons Of Late Billionaire Settle Feud With Father’s Business Partners

The fracas engulfing the family of Chief Pius Ogbuawa (YOKO president), the late Nnewi business mogul, took a nosedive weekend when the late billionaire’s sons recanted their earlier allegations that some business partners of their father wanted to run the family business down through fictitious debt claims. The sons, who are directors in the business, specifically fingered Mr Fang Du, a Chinese partner; Nonso Ukatu of the Nonsec Ltd, as well as Augustine Jideofor Emmanuel (a importer), as the culprits.

They had in their accusations claimed that the associates planned to hijack their family business by compelling them to sign some agreements inimical to the business.

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A part of the publication to this effect read that, “P.O. Ogbuawa’s third wife, Amaka, connived with some of Ogbuawa’s business partners, Nonso Ukatu (Nonsec) and Augustine Jideofor (Austin-Manuel) to take over the business empire of P.O. Ogbuawa & Sons Ltd. The trio contrived a figure of over 400,000USD as debt owed by the company to one Fang Du, a Chinese, and cajoled us, Uchenna and Onyedika Ogbuawa, to sign an agreement to pay the debt.

“The trio have already extorted the sum of 100,000USD out of the sum from the unsuspecting and innocent sons and legitimate heirs of the late Chief Ogbuawa. Less than two weeks after extorting 100,000USD from us, they also concocted some stories, and used police to freeze our business accounts. They also got police to get us, the sons of Ogbuawa, arrested and arraigned in court.”

The sons further accused their father’s third wife of having amorous affairs with his late father’s business partners, a development that threw the family as well as the hierarchy of their business into chaos.

However, it took a dramatic trend weekend when the sons recanted their earlier stance and sued for peace. In a statement they issued, entitled ‘A Retraction and Apology’, signed by Ogbuawa’s second son, Onyedikachi, a director in Ogbuawa and Sons Ltd, the children claimed that they were misled in the earlier statement of 13th July, 2020.

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Their recanting statement read, “For the past few days, the social media have been trending with the news of feud between my elder brother, Uchenna Ogbuawa, and myself, on one side, and Mr Nonso Ukautu and Mr Augustine Jideofor Emmanuel, aka Austin Emmanuel, on the other. We have carefully reviewed the situation, and particularly had a retrospect on the invaluable assistance rendered to my late father by Nonso Ukatu, in view of the activation of credit sales relationship with Fang Du, a Chinese partner. I have, therefore, come to the realisation that the raging fight between us and the above mentioned gentlemen is unnecessary.

“The press release made by my elder brother and myself on 13th July, 2020, wherein damaging allegations were made against Nonso Ukatu, Austin Emmanuel and the DPO of the Central Police Station, Nnewi, is hereby retracted by me. We were wrongfully advised and misled into subscribing to the said publication, which was against my wish and all that I had always stood for. I have, at all times, been a peaceful person, who will not subscribe to unnecessary acrimony or hostility in resolving any issue.

“The agreement for payment of debt owed our Chinese partner, Fang Du, by P.O. Ogbuawa and Sons Nig Ltd, was executed willingly and willfully by us under a circumstance devoid of any inducement, harassment or coercion. It is the wish of P.O. Ogbuawa and Sons Nig Ltd, which I am one of the directors, to continue to transact businesses with Mr Fang Du and Nonso Ukatu, and honestly hope that the incident of the last few days will not truncate the said relationship.”

THE WHISTLER reports that Chief P.O. Ogbuawa, who hailed from Nri, slumped and died in his home in Nnewi on February 7th 2020 during a game with some of his friends.

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