Connect with us

News

More troubles for Emefiele as Ccourt seizes N830m, multibillion naira assets linked to him

Published

on

By Francesca Hangeior

Justice Yellim Bogoro of the Federal High Court, Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830, 875,611, and several properties linked to the embattled former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.

He made the order following an ex-parte application filed by the Economic and Financial Crimes Commission (EFCC) counsel, Bilkisu Buhari and C.C Chineye.

Justice Bogoro, after taking the lawyers’ submission, held: “I have listened to the submission of the applicant’s counsel and also perused the motion just moved, together with the affidavit in support.

Advertisement

“I find merit in the application and same is hereby granted as prayed.

“The applicant should publish this order in any daily newspaper circulating all over the federation for anybody interested to show cause why the final order of forfeiture should not be made.

“Case adjourned to July 2, for motion for final forfeiture.”

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.

Advertisement

His properties being forfeited include 94 Units of 11-floor building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, IKoyi, Lagos; AM Plaza, 11-floor office space, situated at 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 and twin completed property in Lakes Estate Lekki, Lagos.

Others include One plot measuring 1,038.069 sqm, at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; Estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, Owned by Lipam investment Services; a Land at 1, Bunmi Owulude Street, (Maruwa), Lekki Phase 1, Lagos and a Property Situated at 8, Bayo Kuku Road, lkoyi Lagos.

The EFCC had approached the court for an interim forfeiture of the monies and properties, under Section 17 of the Advance Fee Fraud and Other Fraud Related Offence Act. 14 2006, Section 44(2)(b) of the Constitution and under the inherent jurisdiction of the court.

The anti-graft agency had asked the court for the following: “An interim order forfeiting to the Federal Government the funds warehoused in the accounts particularised in Schedule ‘A’ which funds are reasonably suspected to be proceeds of unlawful activities.

Advertisement

“An interim order forfeiting to the Federal Government properties provided in 2nd Schedule ‘B’ which are proceeds of unlawful activities.

“An order directing the publication In any National Newspaper, the interim order under reliefs 1-2 above, for anyone interested in the properties and funds sought to be forfeited to appear before this court to show cause within 14 days why the final order of forfeiture of the said properties and funds should not be made in favour of the Federal Government.”

Emefiele is having running legal battles in Abuja and Lagos over alleged fraud, among other charges.

The Federal High Court in Lagos, Friday, April 12, 2024, heard that Emefiele allegedly received millions of dollars in cash, in undocumented circumstances, through a proxy, Mr. Monday Osazuwa.

Advertisement

Emefiele and his co-defendant, Henry Isioma-Omoile were arraigned by the Lagos Zonal Command of the EFCC on Monday, April 8, 2024, on an amended 26-count charge bordering on alleged $4.5billion and N2.8billion fraud.

He is also being tried by the EFCC at the Special Offences Court in Ikeja over alleged abuse of office and accepting gratification to the tune of $4.5 billion and N2.8 billion.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Just in: Ramadan begins today -Sultan declares

Published

on

Fasting in the month of Ramadan, which is the ninth of the 12 Islamic calendar year, begins today, Saturday March 1, 2025, the Sultan of Sokoto and Leader of Muslim Ummah of Nigeria, Alhaji Muhammad Sa’ad Abubakar, declared on Friday.

The Sultan explained that his declaration followed verified and authenticated reports from various Muslim leaders across the country, which he said had been accepted.

The Sultan said: “Today, Friday, 28th February, 2025, brings us to the end of Sha’ban. Reports of positive sighting of the new crescent of Ramadan were brought to us by various leaders across the country. We have verified and have authenticated such reports and have duly accepted such reports.

“Therefore, tomorrow, 1st March, 2025, makes it 1st Ramadan 1446 After Hijrah,” the Sultan said.

Advertisement

He, therefore, called on Muslims in the country to commence the fasting while also urging them to pray for leaders to enable them to lead the nation and its people well.

He seized the opportunity of the announcement to enjoin well-to-do Muslims to reach out and give to the less privileged or needy during the period.

Continue Reading

News

NAFDAC paints popular Indian company black over alleged sale of harmful

Published

on

The National Agency for Food and Drug Administration and Control (NAFDAC) says it has blacklisted Aveo Pharmaceuticals Pt Limited, an Indian company, over the illegal production and exportation of dangerous opioid combinations into West Africa, including Nigeria.

Opioids are a class of drugs that work in the brain to produce a variety of effects, including pain relief.

Opioid drugs include prescription pain medicine and illegal drugs.

In a statement on Friday, NAFDAC said investigations revealed that the company, managed by Vinod Sharma on the outskirts of Mumbai in India, is responsible for manufacturing and distributing Tafrodol and Royal 225 drugs containing a harmful mix of tapentadol and carisoprodol.

Advertisement

Tapentadol is a powerful opioid, and carisoprodol is a banned muscle relaxant.

The agency said the substances pose severe health risks such as respiratory failure, seizures, overdose, and death to users.

“A BBC World Service investigation exposed how packets of these drugs, branded with the Aveo Pharmaceuticals logo, have been found on the streets of Nigeria, Ghana, and Côte d’Ivoire,” the statement reads.

“Further evidence confirmed that Aveo Pharmaceuticals is also involved in the illegal exportation of high-dose tramadol above 100 mg, a strength not registered or approved by NAFDAC.

Advertisement

“Undercover footage captured Vinod Sharma admitting to the mass distribution of these opioids for abuse as street drugs across West Africa.

“Given the severity of these findings, NAFDAC has taken decisive action to blacklist Aveo Pharmaceuticals and block any future registration of its products in Nigeria.”

NAFDAC said it is committed to protecting public health by enforcing international best practices in pharmaceutical regulation, including stringent product registration, good manufacturing practice (GMP) inspections, post-marketing surveillance, and pre-shipment inspections for high-risk imports.

The agency said it has intensified enforcement operations against illicit pharmaceuticals in major drug distribution hubs across the country.

Advertisement

NAFDAC urged the public to avoid unregistered medicines and only use prescription drugs dispensed by licensed healthcare professionals.

“With continued vigilance and public support, NAFDAC will persist in its fight against the circulation of fake, substandard, and dangerous pharmaceuticals in Nigeria,” the agency said.

Continue Reading

News

ECOWAS Court quashes case on Kudirat Abiola’s murder

Published

on

The Community Court of Justice, ECOWAS, has declared a case filed by Khalifa Abiola and two others against the Federal Government of Nigeria over alleged human rights violations concerning the assassination of the late Mrs Kudirat Abiola as inadmissible.

In its ruling delivered on Friday, Justice Edward Amoako Asante, the Judge Rapporteur, stated that the applicants lacked the legal capacity to sue, as they failed to establish a direct relationship with Mrs Abiola or present any legal mandate to act on behalf of her estate.

In a statement sent to our correspondent via email, the case, with suit number ECW/CCJ/APP/62/22, was brought before the court by Khalifa Abiola, Moriam Abiola, and Hadi Abiola.

They alleged that Mrs Kudirat Abiola—wife of Chief MKO Abiola, the widely acclaimed winner of Nigeria’s annulled 1993 presidential election—was assassinated in 1996 while advocating for her husband’s release from detention.

Advertisement

According to the statement, the applicants contended that the Nigerian government violated her fundamental human rights by failing to hold her killers accountable, despite a Commission of Inquiry identifying a key suspect, Sergeant Barnabas Jebila.

While dismissing the case, the ECOWAS Court also rejected Nigeria’s objections regarding its jurisdiction, affirming its competence to hear cases involving alleged human rights violations by member states.
However, it clarified that its role does not include acting as an appellate body over national court rulings.

“The court also dismissed the objections of the respondent, the Federal Republic of Nigeria, challenging its competence to determine the matter, which it described as beyond the scope of Article 9 of the Protocol of the Court. It equally dismissed the respondent’s submissions that the applicants were requesting the court to determine a case already decided by a national court and that the case had exceeded the time limit allowed for legal action.

“However, the court noted that the applicants, suing on behalf of themselves and the estate of Mrs Kudirat Abiola, had not demonstrated legal capacity to sue on behalf of the late Mrs Kudirat Abiola’s estate.

Advertisement

“Consequently, the court ruled the case as inadmissible due to the lack of legal capacity of the applicants to sue on behalf of themselves and the late Mrs Kudirat Abiola in this matter.

“The ruling was delivered by a panel of judges, including Justice Sengu Mohamed Koroma (Presiding), Hon. Justice Gberi-bè Ouattara (Member), and Hon. Justice Edward Amoako Asante (Judge Rapporteur),” the statement said.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News