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Tag Archives: EFCC

Court orders forfeiture of Diezani ‘s $37.5m Banana Island property

Banana Island property

According to The NATION, Federal High Court in Lagos has ordered the interim forfeiture of a Banana Island property, Lagos bought for $37.5m in 2013 by a former Minister of Petroleum Resources, Diezani Alison-Madueke. Justice Chuka Obiozor, a vacation judge, made the order yesterday following an ex parte application by Economic and Financial Crimes Commission (EFCC) counsel Mr. Anselem Ozioko. The EFCC, in documents filed in ...

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‘My errand boy sold my property for N918 million’, Mrs Atiku

‘My errand boy sold my property for N918 million’, Mrs Atiku

“Wife of former Vice President, Mrs.Titi Atiku Abubakar, has narrated to a Lagos High Court sitting in Ikeja how her former errand boy, Nsikak Akpan Jacobs, whom she made the Managing Director of her company, THA Shipping and Maritime Services, sold her property for N918 million and used the money to fund his gubernatorial campaign in Akwa Ibom State.”- The ...

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EFCC proposes prison in Sambisa forest for corrupt people

EFCC proposes prison in Sambisa forest for corrupt people

“Ibrahim Magu, acting chairman of the Economic and Financial Crime Commission (EFCC), says a prison prison in Sambisa forest, a stronghold of the Boko Haram sect in Borno state for corrupt persons should be established .”- PM News Magu made this known while speaking at the commissioning of the agency’s zonal office in Kaduna on Thursday. He also appealed to ...

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EFCC Seizes Patience Jonathan’s N2 Billion Hotel

defrauds hair care company to acquire property

“The Economic and Financial Crimes Commission has seized a hotel allegedly belonging to Mrs. Patience Jonathan, the wife of former President Goodluck Jonathan.” – Signal The anti-graft agency also seized three other properties in Abuja allegedly belonging to Patience. The five-storey hotel is located near Setraco Construction Company, beside Mabushi Kado Expressway. Although the hotel has not been officially valued ...

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Businessman in court over N86 million land fraud

defrauds hair care company to acquire property

According to The Nation, Justice Angela Otaluka of the FCT High Court, Lugbe on Monday commenced trial in a case involving Idris Shuabu, a developer and Ikechukwu Sebastian for allegedly obtaining N86 million under false pretence. Prosecution counsel, Mr Richard Dauda, who led Shuaibu in evidence at the witness box, said his 26 hectares of land was revoked by the ...

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EFCC goes after Jonathan’s wife’s assets

EFCC goes after Jonathan’s wife’s assets

“The Economic and Financial Crimes Commission, EFCC is set  to apply for the final forfeiture of  choice properties  allegedly owned by former First Lady  Patience Jonathan.”- The Nation But the commission has been having difficulty in getting the original titles of the assets. They include Aridolf  Resort, Wellness and Spa  and  eight others. The anti-graft commission may ask the court ...

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Ex-Naval Chief used family company to acquire N600m property

How Ex-Naval Chief, used family company to acquire N600m property

“Peter Oguebie, managing director, Petrus Ogu Nigeria Limited, who is also a witness in the trial of a former Chief of Naval Staff, Vice Admiral Usman Jibrin, on Monday, May 22, 2017 told Justice A. S. Umar of the Federal Capital Territory High Court sitting in Maitama, Abuja that his company sold a property worth N600million to the former naval chief through ...

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Ex-PDP Chairman owns Ikoyi home where $43.4m, N23.2m, £27,800 was found

Ex-PDP Chairman owns Ikoyi home where $43.4m, N23.2m, £27,800 was found

According to PM News, the owner of the Ikoyi home, Lagos, where $43.4m, N23.2m, £27,800 was discovered by the Economic and Financial Crimes Commission (EFCC) on Wednesday has been revealed. The owner is none other than Ahmadu Adamu Mu’azu, a former National Chairman of the People’s Democratic Party (PDP). A source close to the EFCC told SaharaReporters that the building belongs ...

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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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