Court orders final forfeiture of N12.18bn Emefiele Abuja properties – Newstrends
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Court orders final forfeiture of N12.18bn Emefiele Abuja properties

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Godwin Emefiele

Court orders final forfeiture of N12.18bn Emefiele Abuja properties

The Federal High Court in Lagos has permanently forfeited to the Federal Government properties valued at N11,140,000,000.00 (billion) and N1.04 billion linked to the embattled former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.

Justice Chukwujekwu Aneke made the order of final forfeiture after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), through its counsel Chineye Okezie.

The judge on June 5, 2024 upheld the anti-graft agency’s motion filed by its counsel,  Rotimi Oyedepo (SAN), for an interim forfeiture of the property.

Oyedepo had informed the court that Emefiele was suspected to have bought the choice properties by proxy, with the proceeds of fraud.

The EFCC named two current and one former CBN personnel as Emefiele’s accomplices in the alleged fraud.

The trio, according to the affidavit filed in support of the application, are Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde a former CBN staff and others.

The properties are mostly located in highbrow parts of the Federal Capital Territory (FCT), Abuja.

Justice Aneke ordered the EFCC to publish the order in a national newspaper for any interested party to show cause why the final order of forfeiture should not be made.

The judge adjourned for hearing of the motion for final forfeiture.

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Upon resumption on Friday, June 21, no party appeared in court to contest the judge’s interim order and Okezie moved her motion for permanent forfeiture.

Justice Aneke, after reading a 41-paragraph affidavit deposed to by an EFCC Investigating Officer, Michael John Idoko, the 19 exhibits attached, a Written Address signed by Okezie, and after hearing Okezie’s motion, granted the application.

The properties were listed by the EFCC in two schedules, A and B.

The judge said: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: – that a final forfeiture order of this honourable court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A herein which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”

They Include shops and apartments at Cadastral Zone Maitama and Wuse.

For Schedule B, Justice Aneke added: “That a final forfeiture order of this Honourable Court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B herein which properties were traced to have been acquired with proceeds of unlawful activities.”

The properties include lands and apartments which were paid for on behalf of Oluwaseun at a total value of N1.04billion.

According to the affidavit, Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde “used their positions and Influence as CBN staff to secure retail and Special allocation of Foreign Exchange to different companies in exchange for kickbacks.

“That Olubunmi Makinde is the link between Obayemi Oluwaseun Teben and Akomolafe Adebayo and the various companies applying for the purchase of foreign exchange.

“That Obayemi Oluwaseun Teben

and Akomolafe Adebayo as staffs of the Central Bank of Nigeria has access to the bidding processes and bidding Data of companies who has applied for the approval of form Ms to the CBN through their various commercial banks.”

Court orders final forfeiture of N12.18bn Emefiele Abuja properties

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N25.7 billion fraud: Supreme court upholds Francis Atuche’s conviction

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Francis Atuche

N25.7 billion fraud: Supreme court upholds Francis Atuche’s conviction

In a landmark judgment, the Supreme Court of Nigeria has upheld the conviction of Francis Atuche, former Managing Director of Bank PHB Plc, for his role in a N25.7 billion fraud scheme.

Atuche’s legal battle, which began in 2011, has finally come to an end with the Supreme Court’s unanimous decision to affirm his conviction.

The court found him guilty of conspiracy to commit felony and stealing, and sentenced him to six years in prison.

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The Economic and Financial Crimes Commission (EFCC) had arraigned Atuche, his wife Elizabeth, and Ugo Anyanwu on a 27-count charge in 2011.

While Elizabeth was acquitted due to insufficient evidence, Atuche and Anyanwu were found guilty and sentenced to prison.

The Supreme Court’s decision sets a precedent for the nation’s justice system, emphasizing the importance of credible evidence in criminal cases.

N25.7 billion fraud: Supreme court upholds Francis Atuche’s conviction

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Tenure of FCT council chairmen will expire in 2026 – INEC

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INEC Chairman, Prof. Mahmood Yakubu

Tenure of FCT council chairmen will expire in 2026 – INEC

The Independent National Electoral Commission (INEC) has clarified that the council chairmen and councillors in the Federal Capital Territory would remain in office till 2026.

The Chairman of the Commission, Prof. Mahmood Yakubu, made the clarification at a meeting with the Inter Party Advisory Council (IPAC) on Friday in Abuja, following the agitation for the conduct of fresh elections in the FCT.

According to the INEC Chairman, the tenure of office of the elected officers begins on the date of taking the oath of office, not the date of conduct of the election.

He explained that the National Assembly has since repealed and re-enacted the Electoral Act 2010 (as amended) which provided for a three-year tenure for Chairmen and Councillors, as the Electoral Act 2022.

“In particular, in the exercise of its powers as the law-making body for the FCT, the National Assembly extended the tenure of the Area Councils from three to four years, thereby aligning it with executive and legislative elections nationwide.

“This is one of the important provisions of the Electoral Act 2022. The Act came into force on Friday 25th February 2022, two weeks after the last Area Council elections in the FCT.

“By the time the elected Chairmen and Councillors were sworn in four months later on 14th June 2022, they took their oath of allegiance and oath of office on the basis of the new electoral Act (i.e. the Electoral Act 2022) which provides for a four-year tenure. Consequently, their tenure therefore expires in June 2026,” Yakubu said.

He further explained that in the case of the FCT, Section 108(1) of the Electoral Act 2022 under which the current Chairmen and Councillors were sworn-in on 14th June 2022, is clear and therefore unambiguous.

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“(1) An Area Council shall stand dissolved at the expiration of 4 years commencing from the date – (a) when the Chairman took the oath of office; or (b) when the legislative arm of the Council was inaugurated whichever is earlier”.

Yakubu noted that there are several judicial authorities, including the judgement of the Supreme Court, that tenure begins from the date of oath of office and not the date of election.

“You may also wish to note that when the Electoral Act 2022 was signed into law two weeks after the Commission conducted the last Area Council elections in the FCT, the incumbent holders (Chairmen and Councillors) challenged us that we conducted the election too early, claiming that the new Electoral Act extended their tenure from three to four years.

“We reminded them that they took their oath of office under the old law before the coming into force of the new Electoral Act. Therefore, their tenure will expire in June 2022.”

“I wish to reassure you that we are aware of our responsibilities under the law. Section 28(1) of the Electoral Act 2022 requires the Commission to release the Timetable and Schedule of Activities 360 days (i.e. One year) before the date fixed for the election. It cannot be released two years ahead of the elections.

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“As you are all aware, the Area Council election in the FCT conducted by INEC remains a model for Local Government elections in the country. There is stability of tenure for Chairmen and Councillors.

“There has never been a caretaker committee in any Area Council in the FCT. Democratic elections are conducted on a regular basis. There is plurality of electoral outcomes as no single political party has ever won elections in all the 68 Constituencies (six Area Council Chairmen and 62 Councillors).

“We will continue to uphold the sanctity of tenure and improve the credibility of these elections.”

The INEC Chairman appealed to all persons with the ambition to contest for the positions of Chairmen and Councillors in the FCT to be guided by the provisions of the law and judicial pronouncements on the issue of tenure.

He also appealed to political parties to enlighten their members accordingly, adding that at the appropriate time, the Commission will release the Timetable and Schedule of Activities for the election.

Tenure of FCT council chairmen will expire in 2026 – INEC

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Some private jets used for money laundering, drug trafficking – Keyamo

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Some private jets used for money laundering, drug trafficking – Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo, has accused some private jet owners of using their aircraft for money laundering and drug trafficking.

Keyamo said this on Thursday during the inauguration of a ministerial task force committee on illegal private chartered operations and related matters in Abuja.

The minister said he had set a five-point agenda that would guide him and his team in discharging the mandate of President Bola Ahmed Tinubu when he assumed office.

He said the five-point agenda encapsulates safety, infrastructure, support for local operators, human capacity development and revenue generation.

Accordingly, he said the ministry has identified issues within the aviation industry “that we must tackle headlong”.

“It has come to my attention, through a series of disturbing reports, that the practice of illegal charter operations is thriving within the aviation industry, thereby undermining the efforts of the Nigerian Civil Aviation Authority and other regulatory bodies,” he said.

“These illicit activities have not only resulted in significant financial losses to the Federal Government but have also raised security and safety concerns as the operations of private aircraft owners have remained largely unchecked and unregulated.”

This, Keyamo said, has also resulted in using private aircraft for other illegal activities.

“Last week, the National Security Adviser wrote to us, alerting us to the spike in money laundering, drug trafficking and other illegal activities through the use of private aircraft in the country,” the minister said.

“It appears that Private Non-Commercial Flight (PNCF) operators have become increasingly emboldened, continuing their illegal operations with the assistance of Air Operator Certificate (AOC) holders who collect tolls and list these illegal charters under their AOCs.

“We have received alarming reports that some crew members have not attended mandatory simulator trainings for nearly three years and are flying with fraudulently-obtained renewed licences.

“Many of these individuals are operating planes registered under PNCF but are conducting illegal charter operations with impunity.”

To combat the illegal operators, the minister announced the immediate composition of a ministerial task force on illegal private charter operations and related matters.

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