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Tag Archives: EFCC

Ex-NDDC director loses property worth N1.8bn to EFCC

NDDC

A Federal High Court in Lagos orders the final forfeiture of properties linked to a former NDDC executive director The properties are forfeited to the Economic and Financial Crimes Commission (EFCC) – The report lists the affected properties and their locations This is not the best time for Tuoyo Omatsuli, a former executive director of the Niger Delta Development Commission ...

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EFCC traces N500m property to former Plateau Governor Jang

EFCC

The Economic and Financial Crimes Commission (EFCC) has traced a property worth N500 million to a former Plateau State governor, Jonah Jang. The property is located at No. 8 and 9 Gobarau Road Unguwan Rimi GRA Kaduna State, a statement on Sunday by acting EFCC spokesman Tony Orilade said. READ ALSO: Economic and Financial Crimes Commission forfeits over 20 houses from ...

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House sealed by EFCC belongs to me – Samuel Omotoso

Samuel Omotoso

Samuel Omotoso, a legislator in the Ekiti state House of Assembly, has said that a two-storey building sealed by the Economic and Financial Crimes Commission (EFCC) at Okesa Market belongs to him. The lawmaker described the conduct of the EFCC as harassment and political infringement on his property. He claimed the anti-graft agency’s action was as a result of his ...

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Obanikoro’s family recovers N500m houses, land from EFCC

Obanikoro

A former Minister of State for Defence, Senator Musiliu Obanikoro, his wife and children have recovered three properties worth about N500m from the Economic and Financial Crimes Commission. The properties include four terrace houses located at 44 Mamman Kotangora Crescent in the highbrow Katamkpe Extension area of Abuja; a parcel of land in Guzape District and a duplex at Olori ...

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EFCC seals Fayose’s Property in Ado-Ekiti

EFCC

The Economic and Financial Crimes Commission (EFCC), Thursday, sealed the properties of the immediate past governor of Ekiti state Ayodele Fayose. Fayose was arraigned by the anti-graft agency at the Federal High Court, Lagos, on October 22 on 11 counts over alleged N6.9 billion fraud. He had pleaded not guilty to the charges, and the court granted him bail in ...

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EFCC forfeits over 20 houses from Diezani, five from Fayose, Dasuki

EFCC

Former governors, ex-ministers, top military officers and businessmen are among owners of the properties seized by the Economic and Financial Crimes Commission (EFCC). The highlights of the forfeiture were contained in a document obtained by The Nation. The document indicates that the EFCC is empowered by the law to place all suspicious assets under interim assets forfeiture – in line ...

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FG pledgess to complete ongoing housing projects

Housing projects

The minister of Power, Works and Housing, Babatunde Raji Fashola, has reiterated the commitment of the federal government to complete ongoing housing projects across the country under the ministerial pilot housing scheme. He stated this in Kano on Tuesday while declaring open a four-day annual management retreat of the Federal Mortgage Bank of Nigeria. Mr. Fashola who was represented by ...

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Benue SUBEB threatens to drag defaulting contractors to EFCC

Benue SUBEB

The Benue State Universal Basic Education Board (SUBEB) on Wednesday threatened to drag erring contractors handling the construction and rehabilitation of some primary schools projects in the state before the Economic Financial Crime Commission (EFCC). Chairman of SUBEB, Rev. Philip Tachin, said the board would compile all the names of the defaulting contractors and forward same to the EFCC if ...

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Court revokes presidential panel’s power to prosecute, sieze property

presidential

The Court of Appeal, Abuja Division yesterday held that the Chief Okoi Obono-Obla led-Presidential Panel on Assets Recovery lacked prosecutorial power and therefore, cannot initiate criminal proceedings against any accused person. Also, the court held that the panel lacked the constitutional power to seize properties of alleged offenders. The judgment of the court follows an appeal filed by a staff ...

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Court dismisses mortgage bank’s bid to regain forfeited property

court

A federal High Court in Lagos has dismissed an application by Safetrust Mortgage Bank to regain its high-rise property, Safetower Estate, located in Ikate Lekki, Lagos. In an application filed before Justice Sule Hassan, the developer had urged the court to vacate its earlier order of forfeiture of Safetower to EFCC, pending the completion of investigation by the Economic and ...

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