By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: $2.1 BILLION ARMS DEAL: The Sun Newspaper Returns N9 Million Compensation
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

$2.1 BILLION ARMS DEAL: The Sun Newspaper Returns N9 Million Compensation

Damilola A.
By Damilola A.
Published: December 20, 2015
Share
3 Min Read
SHARE

dasuki-d11-1-1-1

The Sun Newspaper announced on Saturday that they have returned the N9million compensation it received from the Newspaper Proprietors Association of Nigeria (NPAN), paid to them by Sambo Dasuki. The money was said to be compensation given to newspaper houses whose offices were raided by the military last year.

In a statement signed by the Sun Managing Director/Editor-in- Chief, Mr. Eric Osagie, the paper said it took the decision to return the money following the controversy the episode generated:

The Man­agement of The Sun Publishing Limited has considered the public outcry and diverse controversies generated among media hous­es, the Newspaper Proprietors Association of Nigeria (NPAN) and the public over the N120 million paid by the Goodluck Jonathan administration as compensation to newspaper companies for the unlawful seizure of their newspapers and stoppage of circulation by armed soldiers in several cities across the country in June 2014.

- Advertisement -

  1. After the unlawful action of the military, to which The Sun lost millions of naira, we had signified the intention to commence liti­gation against the Federal Government along with other affected newspaper companies. 2. However, at the level of the NPAN, which The Sun is a member, a de­cision was collectively taken to accept the Presi­dency’s offer of peace­ful settlement in place of litigation in the interest of peace and national se­curity.
  2. We were later in­formed of the payment of N120 million compensa­tion out of which the sum of N9 million was paid to The Sun Management by the NPAN.
  3. At the time the com­pensation was paid, we had no inkling whatso­ever under which expen­diture sub-head in the Presidency the fund was sourced and that it was al­legedly part of the funds meant for the purchase of arms.
  4. As a very responsible newspaper organization, which places premium on ethics, individual and cor­porate integrity, we are certainly embarrassed by the turn of events and the unfortunate insinuation of involvement in the illegal sharing of the nation’s commonwealth and the feasting on the blood of soldiers fighting the war against insurgency.
  5. We believe strongly in our corporate integrity and principles of fairness and social justice, which have driven our business considerations over the years.
  6. In the light of the foregoing, we have re­turned the cheque of N9 million to the NPAN for onward transmission to the source through which it came.
  7. We have seen that the good intention not to seek redress in court has seem­ingly backfired.
  8. We have also given notice to our lawyers to immediately commence the process in court to redress the huge loss suf­fered through the actions of the military.
  9. We assure our teem­ing readers of our com­mitment to serving them faithfully and conscien­tiously by upholding the time-tested principles of fair business ethics, eq­uity and social justice.
Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:DasukiSambo Dasuki
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByDamilola A.
Entertainment News Reporter
Follow:
Damilola is a dedicated entertainment writer for Okay Nigeria (Okay.ng). He joined the platform with the aim of using his experience in the Entertainment industry to share wonderful articles in this field. Dammy is a die-hard fan of Wizkid.
Previous Article Northern Governors Issue Serious Warning To Buhari (READ)
Next Article Air France Flight Forced to Land in Kenya Over Bomb Alert

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?