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Just in: Court order EFCC to confiscate Abuja estate with 753 duplexes
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The EFCC said in a release that this was the single largest asset recovery by the Commission since its inception in 2003.
Justice Jude Onwuegbuzie, on Monday, ordered the final forfeiture of an estate in the Federal Capital Territory, Abuja, measuring 150,500 square metres and containing 753 Units of duplexes and other apartments.
The EFCC said in a release that this was the single largest asset recovery by the Commission since its inception in 2003.
The estate rests on on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja.
“The forfeiture of the property to the federal government by a former top brass of the government was pursuant to EFCC’s mandate and policy directive of ensuring that the corrupt and fraudulent do not enjoy the proceeds of their unlawful activities.
“In this instance, the Commission relied on Section 17 of the Advance Fee Fraud And Other Fraud Related Offences Act No 14, 2006 and Section 44 (2) B of the Constitution of the 199 Constitution of the Federal Republic of Nigeria to push its case,” the EFCC said.
Ruling on the Commission’s application for the final forfeiture of the property, Justice Onwuegbuzie held that the respondent have not shown cause as to why he should not lose the property, “which has been reasonably suspected to have been acquired with proceeds of unlawful activities, the property is hereby finally forfeited to the federal government.”
The road to the final forfeiture of the property was paved by an interim forfeiture order, secured before the same Judge on November 1, 2024.
The government official which fraudulently built the estate is being investigated by the EFCC.
The forfeiture of the asset is an important modality of depriving the suspect of the proceeds of the crime.
The justification for the forfeiture is derived from Part 2, Section 7 of the EFCC Establishment Act, which stipulates that the EFCC “has power to cause investigations to be conducted as to whether any person, corporate body or organisation has committed any offence under this Act or other law relating to economic and financial crimes and cause investigations to be conducted into the properties of any person if it appears to the Commission that the person’s lifestyle and extent of the properties are not justified by his source of income.”
The Commission’s Executive Chairman, Mr. Ola Olukoyede, has repeatedly described asset recovery as pivotal in the fight against corruption, economic and financial crimes and a major disincentive against the corrupt and the fraudulent.
In the release by the EFCC Head of Media and Publicity, Dele Oyewale, addressing members of the House of Representatives Committee on Anti-corruption recently, he said, “If you understand the intricacies involved in financial crimes investigation and prosecution you will discover that to recover one billion naira is war. So, I told my people that the moment we start investigation we must also start asset tracing because asset recovery is pivotal in the anti-corruption fight; and one of the potent instruments that you can deploy as an anti-corruption agency for an effective fight is asset tracing and recovery.
“If you allow the corrupt or those that you are investigating to have access to the proceeds of their crime, they will fight you with it. So one of the ways to weaken them is to deprive them of the proceeds of their crime. So, our modus operandi has changed simultaneously. The moment we begin investigation, we begin asset tracing. That was what helped us to make our recoveries.”
The Establishment Act of the Commission places huge emphasis on asset recovery. Subject to the provisions of Section 24 of the Act, “whenever the assets and properties of any person arrested under the Act are attached, the Commission shall apply to the court for an interim forfeiture and where a person is arrested for an offence under the Act, the Commission shall immediately trace and attach all the assets and properties of the person acquired as a result of such economic and financial crime and shall thereafter cause to be obtained an interim attachment order from the Court.
“And where the assets or properties of any person arrested for an offence under the Act has been seized or any assets or property has been seized by the Commission under the Act, the Commission shall cause an application to be made to the Court for an interim order forfeiting the property concerned to the Federal Government and the court shall, if satisfied that there is prima facie evidence that the property concerned is liable to forfeiture, make an interim order forfeiting the property to the Federal Government, which the Commission would usually escalate to earn a final forfeiture”.
This procedure was duly followed in this respect. The recovery of the asset represents a milestone in the annals of operations of the EFCC and infallible proof of the commitment of President Bola Ahmed Tinubu to the anti-corruption war.”
News
Meta to seal teen app usage at night, impose 2-hour daily limit
Facebook and Instagram owner Meta on Wednesday agreed to block teens from using its apps at night and to impose a default two-hour cap on their cumulative daily use across the company’s family of apps.
The measures were part of a $16.7 billion settlement with US states over claims that Meta deliberately engineered its platforms to hook young users, misled the public about the risks and unlawfully collected data from children under 13.
News
Ochacho Real Estate celebrates King Mohammed Adah on birthday
By Kayode Sanni-Arewa
The media team and music video director of rising Afrobeat artiste, ICEking Ochacho Director 4k, have celebrated the birthday of his father, His Royal Majesty, King Mohammed Adah, Chairman of Ochacho Real Estate, describing him as an accomplished businessman, philanthropist and visionary leader.
In a birthday tribute, the team congratulated King Mohammed Adah, popularly known as King Moh, while highlighting his contributions to the real estate sector and his philanthropic engagements.
The team described the celebrant as a man whose influence extends beyond business, noting that his humility, generosity and commitment to uplifting others have earned him recognition among respected business leaders in Nigeria.
A visionary in real estate
According to the tribute, King Moh has distinguished himself through his achievements in the real estate industry, where his leadership has contributed to the growth and visibility of Ochacho Real Estate.
The team described him as a visionary whose business accomplishments are complemented by his commitment to creating opportunities and positively impacting the lives of people around him.
It also praised his easy-going disposition and benevolent nature, saying his willingness to support others has remained one of the qualities that distinguish him.
Strong supporter of the younger generation
Beyond his business interests, the tribute described King Mohammed Adah as a devoted father and strong supporter of young people pursuing their dreams.
Particular reference was made to his son, ICEking Ochacho, a Nigeria/UK-based rising Afrobeat artiste who is building a career in the music industry.
The team said King Moh’s support for his son’s creative journey reflects his commitment to encouraging the younger generation to pursue their talents and ambitions.
Wishes for greater achievements
The media team and music video director of ICEking Ochacho joined members of the celebrant’s family, friends, associates and well-wishers around the world in celebrating the occasion.
They prayed for greater wisdom, sound health, abundant blessings and continued success for the business leader as he begins another year of his life.
“May this new chapter bring you greater wisdom, sound health, abundant blessings, continued success and many more years of impactful leadership,” the tribute stated.
The team wished King Mohammed Adah a long life, greater prosperity and continued greatness, while celebrating his contributions to business, family and society.
News
China’s Poverty Fight Lifted More Than 800m People – Ambassador Yu
By Gloria Ikibah
China has said it lifted more than 800 million people out of poverty since the country began its reform and opening-up programme in 1978, contributing more than 70 per cent of global poverty reduction, the Chinese Embassy in Nigeria has said.
Chinese Ambassador to Nigeria, Yu Dunhai, stated this on Tuesday in Abuja ar a one-day workshop on Nigeria’s Poverty Alleviation and China’s Development model organised by the Diplomatic Correspondents Association of Nigeria on Tuesday in Abuja.
Ambassador Yu was represented by the Counsellor, Economic and Commercial Office of the Chinese Embassy in Nigeria, Counsellor Sun Xuekun.
According to him, China’s poverty reduction achievement was unprecedented in scale, speed and sustainability, with the country eradicating absolute poverty by 2020.
He said when the People’s Republic of China was founded in 1949, nearly 87 per cent of its population lived in rural areas under extreme poverty, while per capita national income stood at only 27 US dollars.
Dunhai said the pace of poverty reduction also stood out, noting that nearly 100 million rural residents were still living below the poverty line at the end of 2012.
“Since the launch of reform and opening-up in 1978, China has lifted more than 800 million people out of poverty, contributing over 70 percent of global poverty reduction.
“Yet within only eight years, by the end of 2020, all of them had been lifted out of poverty.
“On average, more than 12 million people escaped poverty each year, equivalent to the population of a medium-sized country,” he said.
He added that 98.99 million rural poor residents, 832 impoverished counties and 128,000 impoverished villages were removed from poverty.
“China eradicated absolute poverty and achieved the poverty reduction target of the United Nations 2030 Agenda ten years ahead of schedule,” Dunhai said.
He attributed the achievement to strong government leadership, targeted interventions, economic development and the mobilisation of communities, businesses and social organisations.
The envoy said China invested nearly 1.6 trillion yuan in special poverty alleviation funds and deployed more than three million officials and village work team members to support poor communities.
He said the country also moved away from broad-based interventions towards targeted poverty alleviation by identifying poor households, examining the causes of poverty and tailoring assistance to local needs.
“China shifted from broad, generalized measures to precision-based interventions.
“Through detailed identification of poor households and villages, analysis of the causes of poverty, and the establishment of a national information management system, assistance was tailored to local realities,” he said.
Dunhai said China’s strategy included developing local industries, relocating communities from inhospitable areas, ecological compensation, educational assistance and stronger social security.
He also highlighted investments in roads, drinking water, electricity, telecommunications, education and healthcare as important parts of the country’s poverty reduction strategy.
According to him, China has since linked poverty alleviation with rural revitalisation to prevent people from slipping back into poverty.
“Poverty governance has gradually shifted from intensive campaigns to long-term institutional mechanisms, demonstrating that poverty can not only be overcome but also prevented from recurring,” he said.
The envoy said China’s experience showed that poverty reduction should be people-centred and treated as a core responsibility of government.
“China’s experience shows that poverty reduction begins with putting people’s interests first,” he said.
He also argued that poverty was fundamentally a development issue and could be tackled through economic growth, investment, improved livelihoods and policies adapted to local conditions.
“Poverty is fundamentally a development issue.
“By prioritizing economic development, addressing regional disparities, and continuously improving people’s livelihoods, China created conditions that enabled sustained poverty reduction,” Dunhai said.
He said China’s experience also had lessons for developing countries, stressing that each country should adopt policies suited to its own circumstances.
He said China had supported international development cooperation through initiatives including the Global Development Initiative and the Belt and Road Initiative.
“China’s experience in targeted poverty alleviation, strong accountability, and dynamic management demonstrates that developing countries can successfully overcome poverty through strategies suited to their own national circumstances,” he said.
He maintained that despite continuing global poverty challenges, China’s experience demonstrated that poverty could be overcome through determination, appropriate policies and collective action.
“China’s poverty reduction journey demonstrates that poverty is neither inevitable nor irreversible.
“Through strong leadership, people-centered development, targeted policies, sustained economic growth, and broad social participation, China has achieved a historic transformation that has improved the lives of hundreds of millions of people.
“China’s experience shows that with determination, appropriate policies, and collective effort, poverty can be overcome, development can be shared, and a more prosperous future can be built for all,” Dunhai said.
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