Falae, SDP Denies Receiving N100m From CBN


The Social Democratic Party (SDP), yesterday denied that N100 million was transferred to the company account of its Chairman, Chief 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.

“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.

“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.

“Chief Tony Anenih in his own statement has confirmed this transaction which was based on a written inter party agreement which existed between the two parties before the last Presidential election.

“It is also a statement of fact that the national secretariat of the SDP has confirmed through a widely publicized Press Conference that the N100m was received in full by the party haaving remitted to the party account by Chief Olu Falae.”

“We strongly believe that this new story is yet another attempt aimed at further embarrassing Chief Falae and especially the SDP which the initiators now perceived to be towering in the Politics of Nigeria .

“The EFCC at one point said that the N100million was from Dasuki, a lie which has now been effectively debunked.

“Now they are claiming that the money was from a company known as Joint Trust Dimension Nigeria Limited, an entity totally unknown to Chief Falae and the SDP.

The EFCC had alleged in the reports that an alleged N100 million was traced to the account of Chief Falae through his company- Marreco Limited, where he is the Chairman and paid it into the company’s United Bank of Africa Plc account.


Please enter your comment!
Please enter your name here