Connect with us

News

Court Orders Final Forfeiture Of Over N12.18bn Properties Linked To Emefiele

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

By Kayode Sanni-Arewa

Oyedepo informed the court that Emefiele was suspected of having bought the choice properties by proxy, with the proceeds of fraud

The Federal High Court sitting in Lagos on Friday ordered the final forfeiture to the Federal Government properties valued at over N11.14bn and another N1.04 billion linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.

Justice Chukwujekwu Aneke made the order of permanent forfeiture after hearing an application filed and argued by the Economic and Financial Crimes Commission (EFCC), through its counsel Chineye Okezie.

Advertisement

On June 5, 2024, The judge had upheld the anti-graft agency’s motion filed and argued by its counsel, Senior Advocate of Nigeria, Mr. Rotimi Oyedepo for a temporary forfeiture of the properties.

Oyedepo informed the court that Emefiele was suspected of having bought the choice properties by proxy, with the proceeds of fraud.

The EFCC named two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud.

The trio, according to the affidavit filed in support of the application, are Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde a former CBN staff and others.

Advertisement

The properties are mostly located in highbrow parts of the Federal Capital Territory (FCT), Abuja.

Justice Aneke ordered the EFCC to publish the order for interim forfeiture in a national newspaper for any interested party to show cause why the final order of forfeiture should not be made.

The judge then adjourned for a hearing of the application for final forfeiture.

Upon resumption on June 21, no party appeared in court to contest the judge’s interim order and Chineye Okezie moved her application for the permanent forfeiture.

Advertisement

After reading a 41-paragraph affidavit deposed to by an EFCC Investigating Officer, Michael John Idoko, the 19 Exhibits attached, a Written Address signed by Okezie, and after hearing Okezie’s motion, Justice Aneke granted the application.

The properties were listed by the EFCC in two schedules, A and B.

The judge said: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: – that a final forfeiture order of this honourable court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A herein which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”

They include shops and apartments at Cadastral Zone Maitama and Wuse.

Advertisement

For Schedule B, Justice Aneke added: “That a final forfeiture order of this Honourable Court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B herein which properties were traced to have been acquired with proceeds of unlawful activities.”

The properties include lands and apartments which were paid for on behalf of Oluwaseun at a total value of N1.04 billion.

According to the affidavit, Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde “used their positions and Influence as CBN staff to secure retail and Special allocation of Foreign Exchange to different companies in exchange for kickbacks.

“That Olubunmi Makinde is the link between Obayemi Oluwaseun Teben and Akomolafe Adebayo and the various companies applying for the purchase of foreign exchange.

Advertisement

“That Obayemi Oluwaseun Teben and Akomolafe Adebayo as staffs of the Central Bank of Nigeria has access to the bidding processes and bidding Data of companies who has applied for the approval of form Ms to the CBN through their various commercial banks.”

Continue Reading
Advertisement
Click to comment

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Leave a Reply

News

Deputy Speaker Urges International Relations Students to Build Careers on Patriotism

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Deputy Speaker Urges International Relations Students to Build Careers on Patriotism

By Gloria Ikibah

Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu, has challenged young Nigerians aspiring to careers in diplomacy and international.  relations to cultivate a deep love for their country before seeking to represent it on the global stage.

Kalu gave the advice while receiving students of the Department of International Relations, Madonna University, Okija Campus, during an educational visit to the National Assembly over the weekend.

Advertisement

The excursion formed part of the students’ academic programme aimed at exposing them to the practical workings of governance, diplomacy and Nigeria’s foreign relations architecture.

Addressing the students, the Deputy Speaker stressed that effective representation of a country begins with patriotism, noting that genuine diplomacy is driven by commitment to national interests and love for one’s homeland.
He said:

He said: “I understand most of you are from the Department of International Relations. You are going to be Ambassadors tomorrow. You are going to champion the image of the country out there. But you must understand your country first before you represent your country outside. So, your representation starts from patriotism. The spirit of patriotism, your love for Nigeria is what is going to drive you to stand and represent Nigeria tomorrow. So, if you want to a representative of Nigeria outside the shores of Nigeria, the best way to start is by loving your country”.

Kalu acknowledged that Nigeria faces numerous challenges but maintained that no other country could replace one’s homeland, regardless of opportunities abroad.

Advertisement

Drawing inspiration from the founder of Madonna University, Rev. Father Emmanuel Mathew Edeh, he said nation-building is only possible when citizens are motivated by genuine love for their country.

According to him: “I know we have so many challenges but I tell you I have been around the world and I can assure you there is no place like home.

“So, when we finally send out in the coming years to become ambassadors, you are going to live there. But you will go and come back and the only thing that will bring you back is the love you have for our great nation. If Rev. Father Edeh didn’t love our country, he will not build that citadel of learning that is producing champions and captains. It is because he first loved Nigeria.

“Do you love Nigeria? That is where it starts. You can’t represent what you don’t love. What you love is what you represent because if you represent what you love, you do it passionately without anybody telling you what to do. I congratulate you on coming to the People’s House. I pray that your dreams will become a reality”.

Advertisement

Earlier, Kalu, through his Chief of Staff, Mr Sam Hart, delivered a lecture titled “The Legislature and Nigeria’s External Relations in the Fourth Republic”, where he highlighted the increasingly important role of the National Assembly in advancing Nigeria’s foreign policy objectives.

He explained that while the President remains the chief architect of Nigeria’s foreign policy, Parliament plays a vital supporting role through legislation, oversight and diplomatic engagements.

According to the lecture: “While the President remains the chief architect of foreign policy, the Constitution assigns Parliament specific duties to assist in making those policies work at home and abroad. Foreign policy is not made only in presidential palaces and ministries; it is increasingly shaped in parliaments where the voices of the people meet the interests of the nation.

“One of the most significant developments in international relations over the past three decades has been the rise of Parliamentary Diplomacy.

Advertisement

“Parliamentary diplomacy refers to the engagement of legislators with foreign governments, international organisations, and global parliamentary bodies to advance national interests. Today, many diplomatic breakthroughs occur not only through executive negotiations but also through legislative interactions.

“The National Assembly has emerged as a vital pillar of Nigeria’s engagement with the world. Through legislation, oversight, treaty domestication, parliamentary diplomacy, economic reforms, and regional cooperation, Parliament continues to shape Nigeria’s place in the international system.

“As students of International Relations, you stand at the threshold of a profession that will define the future of nations. The world you are preparing to enter is increasingly interconnected, complex, and competitive. Nigeria needs young leaders who can think globally, act strategically, and serve patriotically”.

The visit provided the students with a firsthand understanding of the workings of Nigeria’s legislature and its role in shaping both domestic governance and international engagement.

Advertisement

The Deputy Speaker encouraged the students to remain focused on their studies and prepare themselves for leadership roles in diplomacy, governance and public service, stressing that patriotism, integrity and competence would remain essential qualities for future representatives of Nigeria on the world stage.

Continue Reading

News

7.8 magnitude quake off Philippines kills 15, sparks Tsunami warnings

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Philippine authorities urged people in affected coastal regions to move to higher ground after the offshore quake hit south of General Santos, a city of about 720,000.

A 7.8-magnitude earthquake struck the southern Philippines on Monday, killing at least 15 people, collapsing buildings and sparking tsunami warnings across the region.

Philippine authorities urged people in affected coastal regions to move to higher ground after the offshore quake hit south of General Santos, a city of about 720,000.

A series of powerful aftershocks rocked the area from about two hours after the first quake, according to the United States Geological Survey, with the largest measuring 6.5 magnitude.
Videos posted to social media and verified by AFP showed a shopping centre with a Jollibee fast food restaurant reduced to rubble in General Santos City, while a school building that officials said was unoccupied crumpled in another.

Advertisement

“Lord, it has really collapsed! … The building has really collapsed!” someone can be heard shouting as the school structure toppled.

In another video verified by AFP, young schoolchildren could be seen screaming in the arms of their teachers as the quake violently sways them back and forth on the ground.

A flimsy metal structure could be seen collapsing in the background as the video uploaded to the school’s official Facebook page ends.

An accompanying caption said no one was under the structure when it fell.
The Pacific Tsunami Warning Center said in a notice that tsunami waves were possible along the coasts of the Philippines, Indonesia, Palau, Taiwan and Papua New Guinea.
As of 2 pm (0600 GMT), at least 15 people were reported dead, including 12 from Mindanao island’s Soccskargen region, an area that includes General Santos City.

Advertisement

Responders conduct a rescue operation at a collapsed building after a 7.8 magnitude earthquake in General Santos City on June 8, 2026.

Three more fatalities were recorded in Davao Occidental province, according to the country’s disaster agency.
The figures did not yet include two people who Police Major Roland Catoburan told AFP had been crushed to death by a collapsing wall in Alabel, a municipality near General Santos.

“We have casualties. A wall fell on them,” he said, adding officers were not being allowed to re-enter their stations, some of which now had cracked walls.

Evacuate now

Advertisement

Philippine President Ferdinand Marcos suspended classes across Mindanao island on what was to have been the first day of school, while calling on residents in coastal areas to evacuate immediately.

“Move to higher ground now. Do not wait,” he said. “Your life is more important than anything left behind.”

In Kiamba, a coastal town near the epicentre, about 50,000 residents had already done so.
“As of now, 80 percent of the population has moved to higher ground,” said Agripino Dacera, the regional disaster chief.
“All the villages along the coast were instructed to proceed to evacuation centres.”

The airport in General Santos was also closed until further notice, officials said.

Advertisement

Monday’s quake triggered evacuation warnings for coastal areas of neighbouring Indonesia and Malaysia, with Jakarta’s meteorological agency subsequently lifting its alert.

Japanese authorities issued a tsunami advisory for swathes of its Pacific coast, though waves that reached the country’s coast were reported to be no larger than 20 centimetres (about eight inches).
Earthquakes are a near-daily occurrence in the Philippines, which is situated on the Pacific “Ring of Fire”, an arc of intense seismic activity stretching from Japan through Southeast Asia and across the Pacific basin.

Eastern Mindanao was rocked by a pair of earthquakes of 7.4 and 6.7 magnitude in October that killed at least eight people.
These followed a magnitude 6.9 quake days earlier that killed 76 people and destroyed or damaged 72,000 buildings in Cebu province in central Philippines, according to government figures.

Advertisement
Continue Reading

News

Oyo brings down kidnappers’ hideout in Ibadan

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Report from Ibadan, the Oyo State capital, indicates that the Oyo State Government has begun the demolition of a house used as a hideout by the kidnappers of the sister of the immediate past Minister of Power, Adebayo Adelabu, and her twins.

Recall the victims were abducted last Wednesday.

They were later rescued by the police on Saturday.

The state government has moved the necessary equipment to the area to demolish the house.

Advertisement

The house is located at Lakoun Estate, Olomi-Olojuoro Road, in Oluyole Local Government Area.

It was gathered that the demolition is being carried out on Monday by officials of the Oyo State Ministry of Public Works and Transportation, accompanied by operatives of the Nigeria Police Force.

Daily Post

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News