N70b Fraud: Wechie Apologises For Defamatory Report Against Amaechi [See Judgement & Terms Of Settlement]
Livingstone Wechie has retracted his publication against Advante Consulting And Management Ltd. wherein he made perceived defamatory and derogatory statements.
Consequent upon the said publication, Advante firm had dragged him and his group, The Integrity Group, to court and had demanded N500 million damages.
During the trial, the respondent, however, realised that his publication was based on false information given to him by the Governor Nyesom Wike-led Rivers State government and has since retracted and apologised.
The presiding judge entertained the retraction and the apology and allowed for amicable settlement.
Attached are the CTC of Judgement and Terms of Settlement between Advante Consulting and Magt. Ltd & 2ors Vs Livingstone Wechie & 3 others