News
EFCC Says No One Has Come To Claim The N15bn Found In Ikoyi Apartment
The Economic and Financial Crimes Commission (EFCC) on Friday told the Federal High Court in Lagos that no one has come forward to claim the about N15 billion cash found in Flat 7B, Osborne Towers, 16, Osborne Road, Ikoyi, Lagos.
It, therefore, prayed Justice Muslim Hassan to make an order of final forfeiture of the money to the Federal Government.
The judge, while ordering a temporary forfeiture of the money on April 13, directed EFCC to advertise the order in a newspaper so that anybody who owns the money can claim it within 14 days.
EFCC’s lawyer, Rotimi Oyedepo, said no one showed up in court to show cause why the money should not be permanently forfeited.
The National Intelligence Agency (NIA) had reportedly claimed ownership of the money, following which the federal government launched a probe and suspended NIA Director-General, Ayodele Oke.
EFCC, in an affidavit in support of the application for final forfeiture of the sums, deposed to by a Detective Inspector, Mohammed Chiroma, said Oke’s wife, Folasade, allegedly owns the apartment in which the monies were found.
The Commission said Oke’s wife bought the flat from Fine and Country Limited for $1.658million between August 25 and September 3, 2015 in the name of Chobe Ventures Limited.
According to EFCC, Mrs. Oke and her son, Master Ayodele Oke Junior, were the directors of Chobe Ventures.
EFCC, which tendered the receipt of payment, said Mrs. Oke paid for the apartment in cash in tranches without going through a financial institution.
This, Oyedepo said, violates the Money Laundering Act.
She allegedly paid $700,000, $650,000 and $353,700 to a Bureau de Change (BDC) company, which converted the sums into N360,000,000 with which she bought the property from Fine and Country.
“The circumstances leading to the discovery of the huge sums stockpiled in Flat 7B, Osborne Towers, leaves no one in doubt that the act was pursuant to an unlawful activity.
“The very act of making cash payment of $1.6million without going through any financial institution by Mrs. Folashade Oke for the acquisition of Flat 7B, Osborne Towers, is a criminal act punishable by the Money Laundering (Prohibition) Amendment Act.
“I refer My Lord to sections 1(a), 16(d) and 16(2)(b) of the Money Laundering (Prohibition) Amendment Act,” Oyedepo said.
According to EFCC, Chobe Ventures was merely incorporated to retain proceeds of suspected unlawful activities.
News
Okpebholo orders freezing of ALL Edo government accounts
Monday Okpebholo, governor of Edo, has ordered a freeze of all bank accounts belonging to the state government.
Okpebholo issued the directive on Thursday through Fred Itua, chief press secretary to the governor.
He asked commercial banks, ministries, departments, and agencies (MDAs) to immediately comply with the order or face severe consequences.
“All bank accounts in all the commercial banks have been frozen. Commercial banks must comply with the order and ensure that not a dime is taken out of the coffers of Government until further notice,” the statement reads.
“Heads of Ministries, Departments and Agencies must comply with this order without further delays.
“After the necessary investigations and reconciliations, the Governor will do the needful and decide on the way forward. For now, this order stands.”
Okpebholo also directed relevant agencies to reverse the naming of the ministry of roads and bridges to the ministry of works — a nomenclature changed during the Godwin Obaseki administration.
“It is funny how you can call a Government institution Ministry of Roads and Bridges,” the statement reads.
“Ironically, no single bridge was built by the same administration. Not even a pedestrian bridge
“In the coming days, we will look at more actions taken by the previous administration and more decisions will be taken that will be done in the best interest of the state.”
The development comes days after Okpebholo took over the reins of power in Edo.
The governor had earlier ordered an indefinite suspension of revenue collection in the state — including at motor parks.
News
NESREA seals two facilities in FCT, Kogi for violating environmental regulations
The National Environmental Standards and Regulations Enforcement Agency (NESREA) has sealed two facilities in Abuja and Kogi for breaching environmental laws.
The facilities are Geld Construction Limited, located in Abaji, FCT, and Arno Energy, a charcoal production company in Okaba, Kogi.
In a statement on Wednesday, Amaka Ejiofor, NESREA’s spokesperson, said the companies were sealed for failure to conduct their environmental impact assessment (EIA).
Ejiofor noted that the facilities also failed to provide important environmental documents, including an air quality permit, an environmental audit report, and a waste management permit, necessary for maintaining standards in companies.
“The EIA provides guidance on mitigating the negative impact of a facility’s operations on the environment,” the statement reads.
“Their failure to do so led to the closure of the facilities to save human health and the environment.”
The NESREA’s spokesperson added that the facilities were also operating in an environmentally harmful manner, resulting in negative impacts on the host communities and the environment.
She said procedural measures, including the issuance of compliance notices, had been taken to force the facilities to address and rectify their violations.
Innocent Barikor, the director-general of NESREA, urged industry operators to ensure their activities and operations follow the stipulations of the law.
News
Federal high court to commence Christmas vacation December 16
The federal high court says it would go on break from December 16 to mark the Christmas holiday.
In a circular, John Tsoho, the court’s chief judge, said the Abuja, Lagos, and Port-Harcourt judicial divisions would remain open to the litigating public during the break.
Tsoho added that the court would resume proceedings on January 6, 2025.
“The vacation is pursuant to the provisions of order 46, rule 4 (c) of the Federal High Court (Civil Procedure) Rules, 2019 (as amended),” the circular reads.
“Only matters relating to the enforcement of fundamental rights, arrest or release of vessels and matters that concern the vacation judges shall entertain dire national interest.”
The notice added that Emeka Nwite and M. S. Liman would be judges at the Abuja division during the vacation, while Akintayo Aluko and Isaac Dipeolu would sit at the Lagos division of the court.
P. M. Ayua and A. T. Mohammed would be the adjudicators at the Port-Harcourt division pending the resumption of complete court activities.
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