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Tag Archives: Federal High Court

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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NDIC floors Union Bank, firm over ownership of Fortune Towers

Fortune Towers, Victoria Island, Lagos

Nigerian Deposit Insurance Corporation (NDIC) has succeeded in moving the Court of Appeal, Lagos, to set aside a ruling of a Lagos High Court, which held that the corporation’s suit on the lingering crisis on the ownership of an imposing complex, popularly known as Fortune Towers, situated at No. 27/29 Adeyemo Alakija Street, Victoria Island, Lagos, was an abuse of ...

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