Skip to main content

MILITARY OFFICER FORFEITS N3BN PROPERTIES TO EFCC

 

EFCC seizes properties worth N3bn from serving military officer

EFCC
The Economic and Financial Crimes Commission on Monday secured the final forfeiture of 20 properties valued at over N3 billion belonging to a top military officer.                          According to the EFCC in a statement by its Spokesman, Wilson Uwujaren, the officer used fronts including the late General Aminu Maude as well as companies such as Atlasfield Integrated Services Nigeria Limited, Marhaba Events Place, Aflac Plastics and Atlasfield Gas Plant Limited.Justice N. E. Maha of the Federal High Court sitting in Abuja, granted the order of forfeiture while ruling on the application by counsel to the EFCC, Cosmos Ugwu and Musa Isah.The court had in May, 2020 ordered the interim forfeiture of the properties following an ex parte application by the commission, alleging that the assets were proceeds of unlawful activities.

The court, having considered the application vis-a-vis Section 17 of the Advance Fee Fraud and other Fraud Related Offences Act, 2006, granted the prayers of the commission for an interim forfeiture and directed the publication of notices, alerting anyone with interest in the properties to show cause why they should not be forfeited to the Federal Government of Nigeria.

In the absence of any contestation, the court ordered the final forfeiture of the properties.

The forfeited properties, situated on lands valued at over N3,007,000,000 are located in different parts of Kano, Katsina, Calabar (Cross River State), and Kaduna.                                        They included filling stations, event centres, plazas, block industries, truck assembly plant, polythene production factory and a table water factory.

Some of the properties include an undeveloped plot of land located at Rake, adjacent to Dara Orthopedic Hospital, Kano valued at N300 million; 117 hectares of land located at Adiabo, Oduapani LGA covered by Certificate of Occupancy No. OD/23/2011 dated 21/2/2011 in Calabar, Cross River State, valued at N386 million; a truck assembly plant at Ring Road, adjacent to AA Affa filling station, Kano, valued at N206 million; and Marhaba Event Centre, Guda Abdulahi Road Farm Centre, Kano valued at N250 million

Comments

Post a Comment

Popular posts from this blog

$100 MILLION STOLEN BY HACKERS IN CRYPTO HEIST

  Hackers steal nearly $100m in Japan crypto heist IMAGE SOURCE, Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. Leading Japanese cryptocurrency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen.  The company announced that some of its digital currency wallets have been "compromised." It is the second major theft of cryptocurrencies to take place in recent days.                 Last week, digital token platform Poly Network was at the centre of a $600m heist. "WE ARE SORRY TO ANNOUNCE THAT #LIQUIDGLOBAL WARM WALLETS WERE COMPROMISED, WE ARE MOVING ASSETS INTO THE COLD WALLET," THE COMPANY SAID ON TWITTER. So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their cryptocurrencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure.                            
Post a Comment
Read more

Countries Accepting Nigerians Seeking Second Citizenship

  Countries Accepting Nigerians Seeking Second Citizenship Nigerians are able to access the following citizenship and immigration programs: The Caribbean Second Citizenship Programs, Caribbean nations like St. Kitts & Nevis, St. Lucia and Grenada offer second citizenship through their respective Citizenship-by-Investment programs. A holder of one of these passports may travel visa free to about 135 countries, including all European Union countries, the UK, Russia, Turkey, Singapore and Hong Kong. Holding a citizenship from one of these respected countries may also make it easier to obtain residency status or study in other countries, and allows political security and makes it easier to open bank accounts in foreign jurisdictions. To qualify, an applicant needs to be of good reputation and make a government donation of at least $100,000 USD after approval of their citizenship application.  Approval of a Citizenship-by-Investment application normally takes about 3 months, and all de
3 comments
Read more

AKURE OBASHIP: OBA AGUNSOYEBIOYINBO ADEMUAGUN ADESIDA 11 BROUGHT CLASS AND DIGNITY TO THE THRONE

      AKURE OBASHIP: OBA AGUNSOYEBIOYINBO ADEMUAGUN ADESIDA 11 BROUGHT CLASS AND DIGNITY TO THE THRONE                 By Sunday Ajibola There are men and there are men. Man gets to positions of power and authority and bring to bear their inner qualities. Position, as we have it here, is used to do all sorts of things; good and bad. But mostly and vexatiously, position blinds us as we use it to cheat and deny others their rights. Certain men understand that position is an opportunity to etch their names in gold and put such in the same of time.   It is exactly fifty years today that the 42nd Deji of Akure, late Oba Agunsoyebioyinbo Ademuagun Adesida 11 joined his ancestors. That fateful day was Sunday and in the evening; darkness was just enveloping the city. It was the strange shouts of "opo ye o, opo ye o, opo ye o", that prompted me to rush out of our house at Oke aro. I saw people running helter, skelter. I did not bother about them. I was looking for the "electric
Post a Comment
Read more