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Court orders forfeiture of $2m, properties linked to Emefiele

Court orders forfeiture of $2m, properties linked to Emefiele
Justice Akintayo Aluko of a Lagos Federal High Court, has ordered interim forfeiture of cash sum of $2, 045, million USD, linked to the embattled former governor of the Central Bank of Nigeria, Mr. Godwin Ifeanyi Emefiele.
The judge also ordered interim forfeiture of the seven landed properties linked to the suspended CBN Governor.
The lands are listed as follows: “two fully detached duplex of identical structures, lying being and situate at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped/bare land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 LYING, being and situate at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow lying, being and situate at No. 65a Oyinkan Abayomi Drive, (Formerly Queens Drive), Ikoyi, Lagos; four bedroom duplex lying, being and situate at 12a Probyn Road, Ikoyi; Industrial complex under construction on a 22-plot of land, lying, being and situate in Agbor, Delta State; 8 units of undetached apartment on a plot measuring 2457.60sqm OF lying, being and situate at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land measuring 2217.87sqm lying, being and situate at 2a Bank Road, Ikoyi, Lagos.
Justice Aluko further ordered the interim forfeiture of 2 shares shares certificates of Queensdorf Global Fund Limited trust.
The judge made the interim forfeiture orders after taken application for the orders in a suit marked FHC/L/MISC/500/24, which was filed moved and moved by the Economic and Financial Crimes Commission (EFCC) lawyer, Mr. Rotimi Oyedepo (SAN), who led Chineye C. Okezie and Zeenat Atiku Bala.
The EFCC lawyer, in urging the court, said the money and others items sought to be forfeited are reasonably suspected to be proceeds of unlawful activities.
Oyedepo also added that the orders sought for are pursuant to Section 17 of the advance fee fraud and Other Fraud Related Offences Act No. 14, 2006, Section 44 (2)(B) of the 1999 Constitution of the Federal Republic of Nigeria and the court’s inherent jurisdiction.
Oyedepo (SAN) also informed the court that the motion ex parte is supported with an affidavit deposed to by one Idi Musa, an Investigator attached to the Lagos office of the EFCC.
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Parts of the deponent’s averments in the affidavit reads: “that I am one of the operatives of the Economic and Financial Crimes Commission assigned to investigate the damning intelligence report received by the Economic And Financial Crimes Commission in respect of monumental fraudulent activities perpetrated by some senior officers of the Central Bank of Nigeria through which huge sums of money were fraudulently converted and transferred for personal use.
“That the Commission whilst investigating the alleged monumental fraud carried out by the immediate past Governor of the Central Bank of Nigeria (CBN) and his Cronies traced and discovered several properties reasonably suspected to have been acquired and or developed with proceeds of unlawful activities.
“That the said properties particularized in Schedules ‘A’ and ‘B’ herein, having been reasonably suspected to have been acquired/ developed with proceeds of unlawful activities are now sought to be forfeited to the federal Government of Nigeria in the interim.
“That in the cause of this investigation, it was revealed that the erstwhile CBN governor negotiates kickbacks in return for allocation of Foreign Exchange to some companies who were in desperate need of foreign exchange for their lawful and legitimate businesses.
“That most of the proceeds of Godwin Emefiele’s illegal activities were invested in the acquisition of various properties now sought to be forfeited to the Federal Government of Nigeria. And that the properties now sought to be forfeited were not acquired with proceeds of any legitimate earnings rather from funds reasonably suspected to have been derived from proceeds of unlawful activities.
“That from findings of our investigation, I also know as a fact and verily believe that the properties sought to be forfeited were acquired in the name of cooperate entities with a view to concealing the unlawful origin of the funds used for their acquisition. And that the title document in respect of the properties listed in schedule A herein were recovered by the team in the course of this investigation.
Justice Aluko after listening to Oyedepo submission, reading through all the processes filed and the plethora of legal authorities cited, granted the interim forfeiture of the money, the share certificates and the landed properties.
The judge also directed the EFCC to publish the interim forfeiture order in a national newspaper to enable any anyone who is interested in the properties to appear before the Court and show cause within 14 days, why the final order of forfeiture of the said properties should not be made in favour of the Federal Government of Nigeria.
Further hearing of the matter was adjourned to September 5.
Court orders forfeiture of $2m, properties linked to Emefiele
metro
DSS, NIA probe Natasha Akpoti’s attendance at IPU meeting

DSS, NIA probe Natasha Akpoti’s attendance at IPU meeting
Nigeria’s security and intelligence agencies have launched an investigation into how Senator Natasha Akpoti-Uduaghan of Kogi Central attended the recent Inter-Parliamentary Union (IPU) meeting in New York without official nomination.
According to a report by Premium Times, officials from the Department of State Service (DSS) and the National Intelligence Agency (NIA) are reportedly examining the circumstances surrounding her attendance, including who facilitated her participation, how she obtained accreditation, and whether her presence was intended to embarrass the Nigerian government.
The investigation follows concerns that the senator did not receive official clearance from the Nigerian Senate to represent the country at the IPU event on March 11.
According to the IPU’s regulations, participation is generally restricted to official delegates nominated by their respective national parliaments, with details submitted in advance for accreditation. While some individuals may attend as observers, this typically requires explicit approval from both the IPU and the home country’s delegation.
At the meeting, Mrs. Akpoti-Uduaghan raised concerns about her recent suspension from the Nigerian Senate, describing it as a politically motivated move aimed at silencing her. She also made allegations of sexual harassment against Senate President Godswill Akpabio. In response, IPU President Tulia Ackson stated that the organization would investigate the matter while also considering the Nigerian Senate’s perspective.
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However, Nigerian delegate Kafilat Ogbara, who chairs the House Committee on Women Affairs and Social Development, challenged Akpoti-Uduaghan’s claims, presenting a letter from Senate Leader Opeyemi Bamidele. The letter stated that the senator’s suspension was due to violations of Senate standing rules rather than retaliation for her statements against Mr. Akpabio.
During a plenary session last Thursday, Mr. Bamidele questioned the legitimacy of Mrs. Akpoti-Uduaghan’s attendance at the IPU event, emphasizing that the IPU operates based on established protocols.
“So, if for any reason one of our colleagues, who was not even supposed to be there, found her way to the place, sat on the seat meant for Nigeria, and spoke for herself rather than for Nigeria, you know, that’s another issue altogether,” he stated.
Similarly, Jimoh Ibrahim, chairman of the Senate Committee on Inter-Parliamentary Activities, issued a statement on Friday asserting that Mrs. Akpoti-Uduaghan had no official authorization to represent Nigeria at the IPU meeting.
Sources indicate that the DSS and NIA’s inquiry is examining whether Mrs. Akpoti-Uduaghan obtained unauthorized credentials or was assisted by external facilitators in securing her participation. Investigators are also looking into whether her presence violated IPU regulations or Nigeria’s parliamentary protocols.
Additionally, the probe aims to determine if her statements at the meeting misrepresented Nigeria’s official position and whether any individuals or organizations played a role in facilitating her attendance without the government’s knowledge.
It remains unclear how the security agencies will act once their findings are concluded.
DSS, NIA probe Natasha Akpoti’s attendance at IPU meeting
metro
Why we awarded Lagos-Calabar coastal highway project to Hitech – Dave Umahi

Why we awarded Lagos-Calabar coastal highway project to Hitech – Dave Umahi
The Federal Government has explained why it awarded the Lagos-Calabar Coastal Highway project to Hitech Construction Company Ltd.
The Minister of Works, Dave Umahi, made the explanation during an inspection tour of the highway project in Lagos on Saturday.
“Some people say that it didn’t go through a competitive bidding.
“I want to explain this: we have three types of procurement allowed by law,” he said.
Umahi listed the three types as restrictive procurement, selective/competitive bidding, and open bidding.
“When we started this project, we asked for companies that have up to five wirtgne concrete paver.
“You will agree with me that until we started this, the concrete paver was not common in Nigeria as it is today.
“We had to look for a company that had done this kind of project before, and that is Hitech.”
He noted that Hitech reconstructed the Oworonshoki Apapa Road.
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“We saw that they got it right; so, we called them on Section 1.
“Then, we used restrictive bidding, which we sent to BPP (Bureau for Public Procurement) and we sent to the Federal Executive Council and they looked at it and corrected where they should and passed it accordingly.
“When other companies started bringing in some equipment, because they saw that Ministry of Works is insisting, especially where we have high water table, that we must use concrete, they started to bring in concrete equipment,” he said.
Umahi said that the Federal Government consequently opened Section 2 of the project to selective bidding and selected some companies and they bid.
He said that Hitech won the bidding for Lagos-Calabar Coastal highway project.
The minister said that in Section 3A and 3B, the same thing happened.
“We have not gone outside the law, we have not gone outside the Procurement Act.”
He emphasised that President Bola Tinubu did not recommend any company for the Lagos-Calabar Coastal highway project.
“ I want to say that there is no corruption in it. It is very transparent,” Umahi added.
Why we awarded Lagos-Calabar coastal highway project to Hitech – Dave Umahi
metro
Corps member alleges threats over viral video criticising Tinubu gov’t

Corps member alleges threats over viral video criticising Tinubu gov’t
A corps member serving in Lagos State has alleged that she is receiving threatening messages after publicly criticizing President Bola Tinubu’s administration.
In a viral video, the corps member, identified on TikTok as @talktoraye, voiced her frustration over Nigeria’s worsening economic situation, particularly the rising cost of living.
She questioned the government’s response to inflation and lamented how the National Youth Service Corps (NYSC) program has not been financially sustainable for her, as her expenses far exceed her allowance.
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She said: “If a lot of Nigerians come out and start speaking about what we are going through, maybe changes will be made in the government. I just want to say to our president, I don’t know if there is any other president that is as terrible as you, but you are such a terrible president.”
The corps member recounted her shock at the soaring prices of essential goods, including a crate of eggs now selling for N6,500, a significant jump from previous prices. She also complained about skyrocketing utility bills and transportation costs, describing them as unsustainable.
Following the video’s circulation, she claimed to have received calls from an NYSC official, who allegedly pressured her to take down the post.
In a subsequent video, she shared a recording of one such call, during which an official reportedly scolded her, saying: “Are you normal? Keep quiet and bring down the video you posted.”
As of now, the NYSC has not issued an official response to these allegations.
Corps member alleges threats over viral video criticising Tinubu gov’t
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