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Tag Archives: forfeiture

Court orders final forfeiture of property belonging to NIMASA ex-chief

NIMASA

A Federal High Court, Lagos, has ordered final forfeiture of N11.040 million and some property belonging to former Guard Commanders of the Nigerian Maritime Administration and Safety Agency (NIMASA), Captains Olotu Olumuyiwa Morakinyo and Ebony Emmanuel Aneke, to the Federal Government. Also affected is a company, Lakewood Garden Ventures Limited. The trial judge, Justice Sule Hassan, gave the order of ...

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EFCC fixes April 30th for Patience Jonathan’s property forfeiture hearing

Patience Jonathan

The Federal High Court, Abuja, on Thursday, fixed April 30 to rule on an application, seeking the forfeiture of two properties belonging to Patience Jonathan, wife of former President Goodluck Jonathan to the Federal Government. The Economic and Financial Crimes Commission (EFCC), on Oct. 20, 2017, filed an ex parte application praying the court for an order of interim forfeiture ...

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Federal high court orders forfeiture of Ikoyi flat where $43.4m was found

Ikoyi flat

PM NEWS reports that, a Federal high court sitting in Ikoyi, Lagos, Southwest Nigeria on Thursday temporarily forfeited to the Federal Government of Nigeria Flat 7b Osborne Towers, Ikoyi where the sum of $43.4 million and N23,218,000 were recovered by the Economic and Financial Crimes Commission, EFCC sometimes ago. The EFCC had earlier named Mrs Folashade Oke, wife of the ...

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The Act of Abandonment in Real Estate

Abandonment in real estate

Abandonment in real estate can be referred to as the act of surrendering a claim to, or interest in, a particular asset. In some other circles, it is believed to be the permitted withdrawal from a forward contract that is made for the purchase of deliverable securities, and also the act of allowing an option to expire unexercised. Legal Dictionary ...

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