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Tag Archives: EFCC

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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EFCC shares photos of property allegedly acquired by Fayose

EFCC

The Economic and Financial Crimes Commission (EFCC) has released photos of a property which was wrongly acquired by the former Ekiti State Governor, Ayodele Fayose. Fayose surrendered himself to the anti-graft agency in Abuja on Tuesday, October 16, 2018. Reports show that the former Governor is still being interrogated by Economic and Financial Crimes Commission agents, 24-hours after he showed up at ...

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Industry experts express concern over abandoned properties

abandoned properties

Abandoned Properties – The once boisterous building located close to Ikeja under bridge, at Awolowo Road has remained a shadow of its old self-courtesy of the recent sealing order obtained by the Economic and Financial Crimes Commission (EFCC). The mixed-use building, which used to be centre of attraction, is currently placed under lock and key by the anti-graft agency and ...

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Ekweremadu vs EFCC: Senator denies owning hidden properties

senator

Nigeria’s Deputy Senate President, Senator Ike Ekweremadu has denied reports that he owned hidden properties over which he was grilled by the Economic and Financial Crimes Commission, EFCC, on Wednesday. In a statement made available in Abuja by his Special Adviser (Media), Uche Anichukwu, he described reports credited to the EFCC as mere propaganda and concocted falsehood. The statement reads, ...

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EFCC detains Ekweremadu overnight over 22 undeclared properties

EFCC

The Economic and Financial Crimes Commission (EFCC) kept the Deputy President of the Senate, Dr. Ike Ekweremadu in its Abuja facility overnight from Tuesday as he was being questioned over issues bothering on abuse of office and money laundering. Ekweremadu had arrived at the EFCC facility based on an invitation extended to him by the anti-graft agency last week Tuesday. ...

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Court orders interim forfeiture of Lekki property over fraud

interim forfeiture

A federal High Court, Lagos has ordered an interim forfeiture of the multi-billion naira Safetowers Estate located at Ikate, Lekki. The project is being promoted by Safetrust Mortgage Bank Limited and Macbosh Properties Limited. Justice Sule Hassan made the order last week while ruling on the ex-parte application filed by Nkereuwem Anana, counsel to the Economic and Financial Crimes Commission ...

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Court urged to end property dispute between First bank and WBS

First bank

Mr. Francis Nwufoh, the Advisory Board Director, Whiteplains British School (WBS), Jabi, Abuja has appealed to the Federal High Court to find a lasting solution to the ongoing dispute on a property between First Bank Plc and the school management. The Director whose school matter was before Justice Binta Nyako of the Federal High Court equally appealed to the Economic ...

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Court quashes forfeiture order on all Benedict Peters’ UK properties

forfeiture order

Justice Binta Murtala-Nyako of a Federal High Court, Abuja, has set aside the Forfeiture Order obtained by the Economic and Financial Crimes Commission (EFCC), on all UK properties belonging to Aiteo boss, Mr. Benedict Peters. The court also cleared UK Properties of Mr. Benedict Peters, of any link with former Minister of Petroleum Resources, Dizeani Alison Madueke and upheld the ...

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