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Tag Archives: Federal High Court

High Court Orders Lagos Director To Forfeit N28.5M, Properties To FG

Lagos Director

A Federal High Court in Lagos on Thursday ordered temporary forfeiture of N28, 500, 000 and several houses allegedly belonging to a Director of Accounts under the Lagos State Ministry of Public Works Corporation, Anifowoshe Alade to the Federal Government. The order was sequel to an ex-parte application filed before the court by the Economic and Financial Crimes Commission (EFCC) ...

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Court orders temporary forfeiture of ‘Diezani’s $4.760m property’

$4.760m property

THE Federal High Court in Lagos yesterday ordered the temporary forfeiture of two penthouses valued at $4.760 million, which allegedly belong to former Petroleum Resources Minister Mrs. Diezani Alison-Madueke. The properties are: Penthouse 21, Building 5, Block C, 11th floor (Bella Vista Estate) Banana Island, Ikoyi, and Penthouse 22, Block B (Admiralty Estate) also in Ikoyi, Lagos. Justice Mojisola Olatoregun ...

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AMCON, Sterling Bank fingered in illegal land sale

illegal land sale

The Asset Management Corporation of Nigeria (AMCON) and Sterling Bank have been accused of the illegal sale of portions of Victory Park Estate belonging to an indigenous real estate development company, Grant Properties Limited (GPL). The portion of land allegedly sold by the Bank was 10 hectares, which was valued at N5b billion at the time of the sale from ...

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Court affirms interim forfeiture of a property belonging to Peter Nwaoboshi

Court remands land agent for alleged land fraud

“Justice Abdulazeez Anka of the Federal High Court, Ikoyi, Lagos yesterday affirmed the interim forfeiture of a property belonging to representative of Delta North in the Senate, Peter Nwaoboshi.”- The Guardian Justice Anka had, on April 24, 2017, granted an interim forfeiture of the said property, a 12-floor high rise building to the Economic and Financial Crimes Commission (EFCC). Counsel ...

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Family battles AMCON and Ecobank over mortgaged property

Family battles AMCON, Ecobank over mortgaged property

The Guardian reports that Legal battle over the soul of a landed property situate at 5, Oduduwa Street, GRA Ikeja, Lagos is raging between administrators of the estate of Late Samuel Iyiola Omotoso, and the Asset Management Corporation of Nigeria (AMCON), Ecobank, and Registrar of Titles, Lagos State. The bone of contention in the suit filed at Ikeja division of ...

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N4.7 Billion Debt – AMCON takes over properties in UK, Lekki, Ijebu-Ode Estates

N4.7 Billion Debt - Amcon takes over properties in UK, Lekki, Ijebu-Ode Estates

“The Asset Management Corporation of Nigeria (AMCON) yesterday on an order of a Federal High Court seized multi-billion naira properties in Lagos, Ogun and United Kingdom from three property firms and eight others following an alleged N4,680,343,681.47 bank debt.”- All Africa The assets, including land, houses, cars and generating plants, were seized in execution of an order granted by Justice ...

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Court Convicts INEC Official, to Forfeit Land, Other Assets to FG

Court remands land agent for alleged land fraud

“A Federal High Court in Lagos, presided over by Justice Mohammed Idris wednesday convicted and sentenced an official of the Independent National Electoral Commission (INEC), Yisa Olarenwaju Adedoyin, was convicted on the basis of a plea bargain he entered with the Economic and Financial Crimes Commission (EFCC).”- This Day The plea bargain agreement was dated May 2, 2017. The judge ...

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Court orders temporary forfeiture of Senator’s 12-storey building

Court orders temporary forfeiture of Senator’s 12-storey building

Premium Times says that a Federal High Court, Lagos, on Monday ordered temporary forfeiture of a 12-storey building belonging to a Peoples Democratic Party (PDP) Senator, Peter Nwaoboshi. The property located at 27 Marine Road, Apapa, is said to belong to Mr. Nwaoboshi who is senator representing Delta North Senatorial District. The court’s order was sequel to an ex-parte application, ...

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Court strikes out Obanikoro’s suit

Court strikes out Obanikoro’s suit

According to The Guardian, a Federal High Court in Lagos has struck out a N100 million suit filed by Senator Musiliu Obanikoro and his family against the Economic and Financial Crimes Commission (EFCC). Obanikoro, his wife, Miroophat and his two sons, Gbolahan, Babajide and Fati, Babajide’s wife had sued the anti-graft agency for breach of their fundamental rights. They urged ...

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