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An All Progressives Congress, APC, Chieftain, Orji Uzor Kalu, has revealed how ex-President, Olusegun Obasanjo, killed two of his booming businesses in Nigeria, because he (Kalu) refused to support his third term Presidential bid.
He said that Obasanjo punished him by withdrawing the licenses of his companies – Hallmark bank and Slok Airlines.
Speaking to Daily Independent, Kalu said: “The 9,000 workers I mentioned are all here in Nigeria, and we could have been a larger group if Hallmark Bank was not closed, and its license was withdrawn.

“A Bank with 5,000 workers and 33 branches, and someone cancelled the license in one day for political reasons; and that takes us to where we are now in Africa. Somebody cancelled the license of an Airline with 14 aircraft in a day, and nobody asked questions.
“How do you convince people to come and invest in your country, when a President (Obasanjo) can wake up and order the Central Bank and the Ministry of Aviation to cancel licenses without due process? I am in court with the Federal Government. So, I would not dwell more on the issue.

“The whole process was totally flawed. There was no offence committed, just because we disagreed on the third term, and that was the price I paid. It was uncalled for to take such action without considering the many families that would be affected.
“So, these are the major factors that discourage Investors from having long-term businesses in the country. When Politicians quarrel in America, they quarrel as Politicians, they do not go about attacking each other’s businesses.
“They talk about politics face to face; they agree and disagree; they quarrel based on politics, and they agree and disagree on issues. These are what our political leaders engaged in which is not fair at all. They should not channel their grievances to businesses which people make their living from.”

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