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Court seizes $4.7m, N830m, multibillion assets linked to Emefiele

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Court seizes $4.7m, N830m, multibillion assets linked to Emefiele

A Federal High Court sitting at Ikoyi, Lagos has ordered an interim forfeiture of the sums of $4,719,054 million USD, N830,875,611 million, and several properties linked to the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Justice Yellim Bogoro made the order on Thursday, May 23, 2024 following an ex-parte argued by the Economic and Financial Crimes Commission (EFCC) counsel, Bilkisu Buhari and C.C Chineye.

“I find merit in the application and same hereby granted as prayed.

“The applicant should publish this order in any daily newspapers circulating all over the federation for anybody who is interested to show cause why the final order final order of forfeiture should not be made,” Justice Bogoro held.

The monies forfeited to the Federal Government in the interim, were said to be warehoused in some banks operated by Omoile Anita Joy; Deep Blue Energy Service Limited; Exactquote Bureau De Change Ltd; Lipam Investment Services Limited; Tatler Services Limited; Rosajul Global Resources Ltd and TIL Communication Nigeria Ltd.

Emefiele’s properties forfeited to the federal government include; 94 Units of 11 Storey building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, iKoyi, Lagos; AM Plaza, 11 Story Office Space, Situate on 1E,Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with (Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, ibeju-Lekki LGA, Lagos and 2 properties purchased from Chevron Nigeria, Closed PFA Fund, Block B.Lot.Twin Completed property Lakes Estate. Lekki, Lagos.

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Others include; One plot measuring 1,038.069 sqm, at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; Estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, Owned by Lipam investment Services; a Land at 1, Bunmi Owulude Street, (Maruwa), Lekki Phase 1, Lagos and a Property Situate on 8, Bayo Kuku Road, lkoyi Lagos.

The EFCC had approached the court for an interim forfeiture of the monies and properties, pursuant to Section 17 of the Advance Fee Fraud and other Fraud Related Offence Act. 14 2006, Section 44(2)(b) of the Constitution and under the inherent jurisdiction of the court.

Specifically, the anti-graft asked the court for the followings; “an Interim Order forfeiting to the Federal Government of Nigeria the funds warehoused in the accounts particularized in Schedule ‘A’ which funds are reasonably suspected to be proceeds of unlawful activities.

“An Interim order forfeiting to the Federal Government of Nigeria Properties provided in 2nd Schedule ‘B’ which are proceeds of unlawful activities.

“An Order directing the publication In any National Newspaper, the interim order under reliefs 1-2 above, for anyone who Is interested in the properties and funds sought to be forfeited to appear before this Honourable Court to show cause within 14 days why the final order of forfeiture of the sald properties and funds should not be made in favour of the Federal Government of Nigeria.”

In granting the ex-parte motion Justice Bogoro after he had taken submission of the EFCC’s counsel held; “I have listened to the submission of the applicant’s counsel and also perused the motion just moved, together with the affidavit in support.”

The case was adjourned to July 2, 2024 for motion for final forfeiture.

Court seizes $4.7m, N830m, multibillion assets linked to Emefiele

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National Assembly members now Tinubu’s puppets, destroying democracy – APC chieftain

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Former National Vice Chairman North-west of the All Progressives Congress (APC), Salihu Lukman

National Assembly members now Tinubu’s puppets, destroying democracy – APC chieftain

A former National Vice Chairman North-west of the All Progressives Congress (APC), Salihu Lukman, says one of the core components of democracy, which is separation of power, has been abused, bastardised and jettisoned by the current federal legislature.

He said the current National Assembly has willingly submitted itself to the whims and caprices of the executive arm of government led by president Bola Tinubu, who he said is doing a terrible job managing the affairs of the country.

Lukman, in a statement issued Tuesday, said serving senators and members of the house of assembly are not representing the interests of Nigerians.

He stated that part of the challenge of the country’s democracy is that the two chambers of the National Assembly are only accountable to themselves and not to the people.

He noted that the Public Accounts Committees in both chambers are expected to oversight management of funds allocated to the National Assembly.

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The former APC chieftain explained that somehow, these are issues that contribute to the current reality whereby the National Assembly, its leadership and members lost the moral authority to regulate the conduct of the executive arm of government.

He said with that, they function practically at the mercy of the President and members of the executive arm, almost as if they are employees of the executive.

According to him, Using all these incentives, the President and members of the Executive arm seamlessly turned on the ‘gaslight’, which leaves members with no option but to believe and approve every proposal submitted even when they are injurious to public interests. Having served as the machinery that hurt the people, they become liabilities and therefore eventually got discarded.

Lukman said: “The point is, Nigerian democracy, as it is, is not functionally representing the interest of citizens largely because the parliament represented by the two chambers of the National Assembly – Senate and House of Representatives – have involuntarily submitted themselves to the narcissistic control of the president.

“Until and unless the parliament can free itself from the president, it will almost be impossible for it to develop the capacity of defending and protecting the interests of Nigerians.”

National Assembly members now Tinubu’s puppets, destroying democracy – APC chieftain

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Nigerians still struggling with poverty, unemployment, says Speaker Abbas

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Speaker of the House of Representatives, Hon. Abbas Tajudeen

Nigerians still struggling with poverty, unemployment, says Speaker Abbas

Speaker of the House of Representatives, Hon. Abbas Tajudeen, has said that despite efforts by leaders of the executive and the legislature, Nigeria has continued to grapple with issues of poverty, unemployment, and inequality.

In an address read on his behalf by the deputy speaker, Hon. Benjamin Kalu, at the commencement of the second session of the House, the speaker informed his colleagues that those who elected them have high expectations from them.

He said: “The expectations of our constituents remain high, and they look up to us to address pressing issues such as security, economy, healthcare, education, and infrastructure. The gains of democracy must translate into tangible improvements in the lives of our citizens.”

Speaker Abbas reminded the House that “at the heart of this democratic journey has been the legislature, an institution that epitomizes the participatory character of our democracy.

“The National Assembly, comprising the Senate and the House of Representatives, has played a pivotal role in ensuring that the aspirations and interests of Nigerians are represented, laws are made for the peace and progress of the country, and the executive is held accountable.

“The 10th House, in its First Session, has continued to uphold these tenets and the legacy of previous sessions before us. Throughout our first session, each one of you has demonstrated unwavering dedication and integrity in carrying out our duties.

“We have engaged in robust debates, passed crucial legislation, conducted thorough oversight, and stood firm in representing the diverse voices of our nation. Together, we have shown what true public service looks like – selfless, principled, and committed to the common good.

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“We have passed numerous laws that have shaped our economic landscape, reformed key sectors, and strengthened our democratic institutions.

“The House introduced 1,351 bills, the highest number in any first session since 1999. Out of this impressive number, 89 bills were passed, reflecting the House’s commitment to legislative efficiency and effectiveness.

“Key bills include the Access to Higher Education Act, 2024, popularly known as the Students Loan Bill, and the Electricity Act (Amendment) Bill, 2023, which aims to enhance the efficiency and sustainability of Nigeria’s electricity sector by promoting investment in renewable energy sources. Furthermore, the Federal Audit Service Act (Amendment) Bill, 2023, strengthens financial oversight and transparency, ensuring better management of public funds and reducing corruption.

“Additionally, 679 motions were introduced, setting a record for the number of motions in the first session. One of the core functions of the legislature is oversight. Through public hearings, investigative committees, and rigorous debates, we have held the executive accountable, ensuring that public funds are used judiciously and that government policies are aligned with the needs of the people.

“Our oversight activities have led to significant outcomes, including recovering misappropriated funds and rectifying administrative inefficiencies.

“We have rigorously engaged citizens in our various activities out of the firm understanding that we are here at the people’s instance. We have considered a good number of public petitions, prioritized constituency engagements, and held productive citizens’ town halls on budget considerations, electoral reforms, and the articulation of legislative agendas.

“We couldn’t have done otherwise given our appellation as the People’s House. As we begin this second session, we must acknowledge that there are challenges ahead. Despite our efforts, Nigeria continues to grapple with issues of poverty, unemployment, and inequality.

“The expectations of our constituents remain high, and they look up to us to address pressing issues such as security, economy, healthcare, education, and infrastructure. The gains of democracy must translate into tangible improvements in the lives of our citizens.

“As legislators, we are aware that our work is far from complete. We must continue to enact laws that promote economic growth, social justice, and environmental sustainability. In this regard, we must strengthen our institutions and enhance our legislative processes.

“We must invest in capacity building for legislators and staff, improve our data collection and analysis capabilities, and foster greater collaboration with civil society and the private sector. Transparency, accountability, and public participation must remain the cornerstones of our legislative agenda.

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“As I noted in my July 4, 2023 speech, this House has been called upon to serve at one of the most challenging times in our nation’s history. However, it is a privilege to serve as a member of this esteemed House at such a critical juncture in Nigeria’s history.

“Our nation faces numerous challenges. Yet, it is precisely during times like these that strong leadership and decisive actions are needed most. We have been entrusted with the responsibility to steer our country towards a brighter future, and I have full confidence in our collective ability to rise to the occasion.

“Let me at this juncture renew my pledge as your Speaker to remain fair and open to all, irrespective of our political views and affiliations. I serve you as a servant-leader, committed to upholding the principles of democracy and ensuring that every voice is heard in this hallowed chamber.

“I humbly acknowledge that my role as Speaker places me as the first among equals in this august assembly. I do not see myself as a boss but rather as a facilitator of dialogue, a preserver of order, and a champion of democratic ideals.

“We are all colleagues here, united by our shared commitment to serving the people who have entrusted us with their hopes and aspirations. Each one of us brings unique perspectives and experiences to this House, and it is through collaboration and mutual respect that we can truly serve the interests of our nation.

“I pledge to uphold the values of inclusivity, transparency, accountability, and respect for all in all our deliberations and actions.

Together, let us demonstrate to our constituents that their trust in us is not misplaced and that we are worthy stewards of their hopes and aspirations.

He announced a plan by the House to hold the first-ever House open week to mark the end of its first session and the commencement of its second session.

He said: “The event will kick off with the presentation of the House’s scorecard detailing our achievements and challenges over the past year. We will also have the honour of hosting prominent Nigerians and former presiding officers who will share their perspectives on our performance during this period. This reflective session will provide valuable insights into our strengths and areas for improvement.

“Various engagements have been planned over three days to discuss the strategic legislative priorities outlined in our Legislative Agenda. These sessions are designed to facilitate discussions, debates, and reflections on our deliberations, celebrate our achievements, and reaffirm our commitment to serving with integrity and diligence.

“It is my hope that this event will not only strengthen our bonds as colleagues but also reinforce our dedication to fulfilling our legislative duties with excellence.”

“Your engagement, input, and commitment are crucial in ensuring that we collectively chart a course that aligns with the interests of those we represent. Let us seize this opportunity to engage meaningfully with our people, exchange ideas, and work towards common goals for the betterment of our nation.”

Nigerians still struggling with poverty, unemployment, says Speaker Abbas

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Rivers crisis: Group sacks members supporting ex-governor Wike

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Nyesom Wike and Siminalayi Fubara

Rivers crisis: Group sacks members supporting ex-governor Wike

The Concerned Rivers Citizens (CRC) announced on Tuesday the expulsion of some members suspected to be aligned with former governor Nyesom Wike of Rivers State.

In a statement issued by CRC President Jackson Thomas and Secretary-General Kelvin Eguono, the group stated that the expelled individuals engaged in selfish and malicious activities.

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“We are dismayed by these individuals’ attempts to blackmail Governor Simi Fubara in order to appease their sponsors, neglecting the actual issues at hand. We want to clarify that we do not endorse their agenda,” the statement read.

The CRC clarified its non-partisan stance, dedicated to advancing good governance and accountability in Rivers State. It emphasized that it does not pledge allegiance to either Wike or the current Governor, Siminalayi Fubara.

“We are committed to upholding truth and the rule of law in Rivers State, unaffected by personal agendas or political ties,” the statement concluded.

Since 2023, Wike, now the Minister of the Federal Capital Territory, and Fubara have been embroiled in a political feud, creating a lingering crisis despite efforts by President Bola Tinubu and other stakeholders to mediate.

Rivers crisis: Group sacks members supporting ex-governor Wike

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