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Court Orders Final Forfeiture Of Over N12.18bn Properties Linked To Emefiele
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.
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.
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.
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.
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.
“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.”
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Just in: Gov Soludo reveals those behind kidnapping in SE, says it’s now a lucrative biz
… better than oil and drug peddling
Governor Charles Soludo of Anambra State on Saturday disclosed that arrested Finland-based self-acclaimed Biafra agitator, Simon Ekpa “has continued kidnapping for ransom.
Soludo said kidnapping is currently a business that is more lucrative than drugs and oil.
The governor who spoke in Awka, the state capital, said before he became governor, eight local government areas in the state were being controlled by gunmen.
Soludo also recalled how his father was kidnapped in 2009.
He said: “Kidnapping is not new, my father had been kidnapped as far back as 2009. GU Okeke, Pokobros and many others have fallen victim too.
“Before I assumed office, about eight local government areas were being controlled by gunmen.
“They killed policemen and collected guns, attacked and burnt down police stations and went into the bush to label themselves liberators.
We came in and went to work and cleared them and we recovered the eight local government areas that were under siege. These gangs claim to be Biafra freedom fighters. IPOB has dissociated themselves from it, but one Simon Ekpa has continued kidnapping for ransom.
“Kidnapping for ransom is now the most lucrative enterprise, even more lucrative than drugs and oil. For every one naira reported as payment for ransom, five to six naira was not reported.
“With a culture that celebrates wealth without craft, even the kidnappers amongst us are now celebrated. Idolatry which these criminals have converted to have become the fastest growing religion in the South-East. Nothing is sacred to them anymore.”
News
Just in: Obi angry over exorbitant charges by POS operators despite hardship
Ex-governor of Anambra State and presidential candidate of the Labour Party, LP, in the 2023 general election, Mr Peter Obi has protested the level of hardship faced by the poor in Nigeria.
The former governor spoke during a visit to the Archbishop Province on the Niger and Bishop of Awka Diocese of Church of Nigeria Anglican Communion, His Grace Alexander Ibezim.
He said: “The hardship in Nigeria is too much, how can the ordinary people survive. The woman who sells pepper by the road side has to pay huge charges to get her own money. How much is her profit margin and how much will remain after paying charges?
“No country is run like that. Don’t bother to interview me on that, I will write officially to the President on this and state all these things.
“These (POS Charges) is too much, no country is run like this,” Obi told journalists who approached him to speak on the matter.
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Oborevwori expresses sadness over Edna Ibru’s passage
Delta State Governor, Hon. Sheriff Oborevwori, has commiserated with the Ibru family of Agbarha-Otor in Ughelli North Local Government Area of the State on the death of their wife and mother, Mrs. Edna Ibru.
Mrs Ibru, who reportedly died after a brief illness, was the wife of late Olorogun Senator Felix Ovuodoroye Ibru, first Executive Governor of Delta State.
A former Miss Nigeria, Mrs Ibru in 1964, died in London after a brief illness on Wednesday.
In a statement by the Chief Press Secretary to the Governor, Sir Festus Ahon, the governor described the demise of Mrs Ibru as sad and painful, adding that she was a loving wife and mother who supported her husband and family in all his noble endeavours.
He said, “On behalf of the government and people of Delta, I mourn the passing of a great woman of substance, a caring mother and loving wife, Mrs Edna Ibru.
“The news of her death came to me as a shock, especially now that the family members needed her motherly and wise counsel.
“She was a woman of faith who devoted her time in supporting her husband’s political career which culminated in his election as the first Executive Governor of Delta State.”
Oborevwori prayed to God to accept the soul of the deceased and grant fortitude to the family and friends she left to bear the loss.
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