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Again! Court Forfeits Another $1.4m Linked To Ex-CBN Boss, Emefiele

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By Kayode Sanni-Arewa

Justice Ayokunle Faji, of a Lagos Federal High Court, on Wednesday, ordered interim forfeiture of the sum of $1, 426, 175.14 million, linked to the former governor of the Central Bank of Nigeria (CBN) Godwin Ifeanyi Emefiele.

Apart from forfeiting the mentioned sum, Justice Faji also, ordered the EFCC to published the interim forfeiture order in a national newspaper, for anyone interested in the money sought to be forfeited to appear before the Court and show cause within 14 days, why the final order of forfeiture of the said sum should not be made in favour of the Federal Government of Nigeria.

Justice Faji, made the above orders, while granting an Exparte motion marked FHC/L/CS/232/2024, moved by Mrs. Bilikisu Buhari-Bala, lawyer to the Economic and Financial Crimes Commission (EFCC).

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The money forfeited in the interim is said to be in Donatone Limited’s account number: 2000000500 domiciled in Titan Bank Limited.

In asking the court for the orders, Mrs. Buhari-Bala, told the court that the orders sought for are pursuant to Section 17 of the Advance Fee Fraud and other fraud-related Offences Act No. 14, 2006, and Section 44 (2)(B) of the 1999 Constitution of the Federal Republic of Nigeria.

She also informed the court the grounds for the orders are: “that this honourable court has the statutory powers under the provisions of section 17 of the Advance Fee Fraud and Other Related Offences Act, 2006 to grant the reliefs being sought.

“That the funds sought to be forfeited are reasonably suspected to be proceeds of unlawful activities.”

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Mrs. Buhari-Bala also told the court that he motion Exparte is supported with an affidavit deposed to by one David Jayeoba, an investigator with the EFCC.

In the affidavit, the deponent stated that his commission received a credible and directed intelligence which led to the tracing of funds reasonably suspected to be proceeds of unlawful activities warehoused in the Donatone Limited (DL) Titan Trust Bank account, which funds are reasonably suspected to be part of proceeds of unlawful activities.

The deponent stated that the EFCC, whilst investigating the monumental fraud carried out by the erstwhile Centra Bank of Nigeria Governor, Mr Godwin Emefiele (GE) and his Cronies, discovered a huge amount of money warehoused and concealed in the account of Donatone Limited, domiciled in Titan Trust Bank.

He stated that investigation revealed that some of the brains behind the fraudulent concealment of funds reasonably suspected to have been proceeds of unlawful activities of the erstwhile Central Bank of Nigeria’s Governor, Mr Godwin Emefiele, are the natural persons behind Donatone Limited, Uzeobo Anthony and Adebanjo Olurotimi, who are directors Donatone Limited.

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The deponent further stated the followings: “Between 2021 and 2022, when accessibility to Forex in Nigeria was difficult, several international entities operating in Nigeria had to resort to different means to source Forex.

“That Uzeobo Anthony and Adebanjo Olurotimi used the firm, to collect bribes and gratification on behalf of Godwin Emefiele, to get approval for accessing Forex. And that one of the entities (NP) paid a total sum of $26,552 million USD, into the account of firm domiciled in Titan Trust account number 2000000500.

“That the said credits came into the account of firm on November 9, 2021: $6,450,000; November 5, 2021: $6,050,000.00; December 16, 2021: $5,400,000.00; December 23, 2021: $652,000; January 31 2022; $3,000,000.00 and September 21, 2022: $5,000,000.00.

“The investigation traced the funds to having been fixed into interest-yielding accounts, dissipated and laundered through a foreign account in Mauritius, and transported back to Nigeria under disguise.

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“That of the total sum of $26, 555, 000.00 US dollars received by firm, the balance standing in the said account as at today is the sum of $1, 426, 175.14 million USD.

“That it is the balance in the account that the applicant seeks to forfeit to the Federal Government of Nigeria, which has been traced to be the proceeds of unlawful activities of (GE) and his cronies. And that investigation further revealed that the international entities sourcing for forex were pressured into parting with huge funds to access forex during the period.

“That the signatories to the account warehousing the sum of $1, 426, 175.14 million USD, sought to be forfeited are at large and are making frantic efforts to dissipate the funds electronically. And that based on our investigation findings, the funds sought to be forfeited are proceeds of unlawful activities of (GE) and his cronies. And that it is in the interest of justice to grant this application.”

Justice Faji, after granted the orders, adjourned the matter to June 25, for hearing of the final forfeiture of the money.

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It would be recall that Justice Yelim Bogoro had on May 25, 2024, ordered interim forfeiture of $4.7m, N830m, and some properties assets linked to Emefiele

The monies forfeited to the Federal Government in the interim were said to be warehoused in First Bank; Titan Bank and Zenith Bank, being operated by Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Ltd; Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd and TIL Communication Nigeria Ltd.

While the properties forfeited in the interim are: His properties forfeited to the Federal Government include 94 Units of an 11-floor building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, iKoyi, Lagos; AM Plaza, 11-floor office space, situate on 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with (Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos, Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, ibeju-Lekki LGA, Lagos and two properties purchased from Chevron Nigeria, Closed PFA Fund, Block B. Lot twin completed property in Lakes Estate, Lekki, Lagos.

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Osun DECIDES:INEC starts distribution of reprinted ballot papers to party agents in 30 LGAs

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The Independent National Electoral Commission (INEC) on Thursday began the distribution of reprinted ballot papers and result sheets to agents of all participating political parties across the 30 Local Government Areas (LGAs) of Osun State ahead of Saturday’s governorship election.

The exercise commenced at the Commission’s state office in Osogbo on Thursday night, following INEC’s compliance with a Federal High Court judgment ordering the inclusion of the Social Democratic Party (SDP) governorship candidate, Dr. Francis Olugbenga Ajala, and his running mate, Faseke Babajimi Oladipo, in the election.

The Federal High Court, Abuja, had on July 22, 2026, delivered judgment in Suit No. FHC/ABJ/CS/344/2026, directing INEC to recognise, accept, upload, process and publish Ajala’s candidature for the August 15 governorship election.

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INEC complied with the judgment on Wednesday, August 12, 2026, leading to the reproduction of the ballot papers and relevant result sheets to reflect the inclusion of the SDP candidates.

The reprinted materials were subsequently moved to the Osun State INEC office in Osogbo, where agents of the participating political parties gathered on Thursday night to witness the distribution process.

Addressing journalists at the venue, the Osun State Resident Electoral Commissioner, Mrs. Oluwatoyin O. Babalola, explained that the exercise would commence with the signing of the result sheets by the party agents before the distribution of the materials to the respective Local Government Areas.

Babalola said the materials had already been customised according to the polling units for which they were intended, with the names of the polling units clearly indicated on the documents.

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“Everything is going to be customised. Believe it. All the results, they already have the name of the polling units on them,” the REC told journalists.

She explained that the customisation was intended to ensure that the materials could be properly identified and matched with their designated polling units during the electoral process.

According to her, the signing by party agents was an important part of the documentation process preceding the distribution of the materials.

“If you are signing, you see what happened,” she said, while explaining the procedure to the agents and journalists at the venue.

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The REC also indicated that the materials had been prepared in a manner that would allow the Commission and the political parties to keep track of the documents allocated to the various areas.

The exercise was not, however, a distribution of the materials directly to polling units.

Rather, the reprinted ballot papers and result sheets were being distributed to agents of the participating political parties for the respective 30 Local Government Areas of Osun State.

The party agents were present at the INEC office to witness the process, beginning with the signing of the result sheets before the materials were handed over for the respective Local Government Areas.

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Osun election: INEC records 1.9million PVC collections

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The Independent National Electoral Commission (INEC) has disclosed that 1,906,390 Permanent Voter Cards (PVCs) have been collected ahead of Saturday’s governorship election in Osun State.

The figure represents 81.50 per cent of the 2,339,233 registered voters in the state, according to a statement issued on Thursday by INEC National Commissioner and Chairman of the Information and Voter Education Committee, Mohammed Haruna.

Haruna said the remaining 426,842 PVCs, representing 18.50 per cent of the registered voter population, had been securely deposited with the Central Bank of Nigeria (CBN), in line with the Commission’s established procedure.

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INEC also disclosed that 6,101 voters whose PVCs were damaged, defaced or lost applied for replacement and subsequently printed downloadable copies of their voter cards.
The Commission said it had published a polling-unit-by-polling-unit breakdown of the collected PVCs on its official website.

INEC further assured political parties, civil society organisations, the media and residents of Osun State of its preparedness to conduct a free, fair, credible, transparent and inclusive election on Saturday, August 15, 2026.
Police deploy thousands for election security
Meanwhile, security agencies have intensified preparations for the governorship election, with the Nigeria Police Force deploying thousands of personnel across the state’s 30 local government areas.
Police sources and official statements indicate that at least four police officers will be deployed to each of the 3,673 polling units across the state.
The deployment, however, excludes personnel from other sister security agencies expected to participate in the election security operation.
With the election just hours away, political parties and candidates are making final preparations while voters await the outcome of what is expected to be a closely watched governorship contest.

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Uncovered: N24bn Ghost Workers’ Pension Remains Unclaimed Two Years After ICPC Seizure

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Two years after the Independent Corrupt Practices and Other Related Offences Commission (ICPC) uncovered and seized N24 billion allegedly meant for the payment of ghost workers’ pensions, no individual or organisation has come forward to claim ownership of the funds or challenge the seizure in court.

ICPC Chairman, Dr Musa Aliyu, disclosed this on Thursday in Abuja while delivering a lecture titled, “Anti-Corruption Reforms, Economic Stability and Effective Communication,” organised by Economic Confidenti.

Aliyu said investigations by the commission had uncovered cases in which unpatriotic civil servants allegedly enrolled their children and other family members as ghost workers on government payrolls.

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According to him, one individual was found to have enrolled 14 members of his family on the payroll and was allegedly collecting 13 salaries.

“Up till now, no single person has come out to claim the N24 billion or gone to court to claim ownership of the money,” Aliyu said.

He said the commission would continue to investigate payroll fraud and other financial irregularities in government institutions to protect public funds.
The ICPC chairman described corruption as one of the greatest challenges confronting Nigeria, stressing that the menace must be tackled with seriousness if the country is to achieve sustainable economic progress.

He called for stronger enforcement of anti-corruption laws, noting that the country continues to lose significant amounts of money through bribery and other corrupt practices.

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Aliyu also expressed concern over the involvement of some public officials in economic crimes, despite their responsibility to serve as role models for younger Nigerians.
He said some officials allegedly use consultants as intermediaries to facilitate corrupt activities and conceal the movement of illicit funds.
Recalling a major case uncovered by the ICPC in 2012, Aliyu cited an alleged diversion of $65 million released for the construction of houses for public officers to address accommodation challenges.

He said instead of using the funds for the intended purpose, those involved allegedly diverted the money and abandoned the housing project.
The ICPC chairman warned that pervasive corruption could discourage both local and foreign investment, stressing that investors would be reluctant to commit their resources to an environment where corruption thrives.
He said the commission would henceforth place greater emphasis on strengthening weak government systems that create opportunities for fraud and undermine economic growth.
Aliyu also referred to the recent discovery of a fake government agency, saying such an organisation should have been detected earlier if the country’s institutional systems were sufficiently robust.

He further identified the insertion of unexecuted projects into government programmes as another consequence of weak systems, saying the practice deprives Nigerians of value for money.

According to him, contractors found to have been awarded such projects would be compelled to execute them once identified.
To build a stronger culture of integrity, Aliyu urged Nigerians to begin anti-corruption campaigns from the primary school level, saying children should be taught early about the dangers and consequences of corruption.
He said such efforts would help raise a generation that would reject corrupt practices and demand accountability from public officials.
“Nigeria can capture corruption and a solid foundation will come up for the country on integrity. The damaging effect of corruption is too much and must not be allowed to thrive,” he said.
Aliyu added that the ICPC would focus on addressing systemic weaknesses that facilitate corruption in areas including constituency projects and payroll management, while working to sanitise the public sector.

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