News
Court seizes $4.7m, N830m, multibillion assets linked to Emefiele
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.
“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
News
Executive Order: NAFDAC praises Tinubu for advancing drug and health security
Executive Order: NAFDAC praises Tinubu for advancing drug and health security
The National Agency for Food and Drug Administration and Control (NAFDAC) has lauded President Bola Ahmed Tinubu for signing an executive order to strengthen drug and health security in Nigeria.
In a statement on Saturday, NAFDAC Director-General Prof. Moji Adeyeye highlighted that the executive order is designed to transform Nigeria’s health sector. The order focuses on increasing local production of healthcare products, reducing healthcare equipment and consumables costs, and promoting local investments.
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Prof. Adeyeye emphasized that this move paves the way for a sustainable and high-quality healthcare system for all Nigerians. She noted that the executive order demonstrates the administration’s dedication to transforming the health sector and aligns with the Nigeria Health Sector Renewal Investment Initiative (NHSRII) and the Presidential Initiative on Healthcare Value Chain (PVAC), which was approved in October 2023.
Prof. Adeyeye also mentioned that NAFDAC has been implementing measures to enhance the local manufacturing of drugs and other health commodities over the past six years. She stated that the Tinubu administration has created an environment where local manufacturers can excel and compete effectively.
Executive Order: NAFDAC praises Tinubu for advancing drug and health security
News
Food Security: Saudi Arabia plans farm equipment manufacturing plants in Nigeria
Food Security: Saudi Arabia plans farm equipment manufacturing plants in Nigeria
Senator Abubakar Kyari, the Minister of Agriculture, announced that Saudi Arabia has shown interest in establishing manufacturing plants in Nigeria for farming equipment.
Kyari disclosed this in a statement on his Twitter account on Saturday following a meeting with stakeholders from the Middle Eastern state. He highlighted that the objective is to enhance Nigeria’s agricultural sector through mechanization by locating these plants within the country.
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Additionally, Kyari mentioned that Saudi Arabia has committed to purchasing 200,000 metric tons of red meat annually from Nigeria and one million tons of soya. He emphasized that this initiative will bolster the agricultural sector and the nation’s production capacity.
News
Release Nnamdi Kanu now, Peter Obi urges FG
Release Nnamdi Kanu now, Peter Obi urges FG
The presidential candidate of the Labour Party in the last general election, Peter Obi, has called on the Federal government to release Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB).
Speaking to journalists at his residence in Onitsha, Anambra State, Obi described Nigeria as being on the brink of failure and emphasized the importance of upholding the rule of law. He called on the Federal government to release Nnamdi Kanu promptly, citing court rulings that granted him bail.
“My take on Nnamdi Kanu is that I don’t see any reason for his continued detention, especially as the courts have granted him bail. The government must obey the court. The rule of law is an intricate asset that we must cherish and live with. I use this same opportunity to plead with the federal government to ensure that all those who are in similar conditions are released and discussed. We are in a democracy, and we should not be doing things that are arbitrary and not within the law.
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I want to use this opportunity to say that all those who are being held because of one protest or the other should be released. Whether it is freedom fighters, End Sars protesters, or even because of freedom of speech, be it journalists, let them all be released immediately.
We are a democratic country, and people have rights under the constitution to express themselves freely. They also have the right to peaceful protest, and we must listen to them. We must listen to those who say they are not happy, that is why it is a democracy. We should stop acting dictatorial and behave as if this is not a democratic country.” he said
Release Nnamdi Kanu now, Peter Obi urges FG
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