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EFCC Traces N1bn Property To Timipre Sylva - Politics - Nairaland

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EFCC Traces N1bn Property To Timipre Sylva by semid4lyfe(m): 3:56am On Oct 13, 2012
EFCC traces N1bn property to Former Bayelsa Governor

Two choice property said to belong to the former Bayelsa State Governor, Timipre Sylva, have been uncovered by the Economic and Financial Crimes Commission, EFCC, which is currently in court with the suspect over a case of corrupt enrichment while in office.

A competent source in the commission told Saturday Vanguard last night that the property which worth over N1 billion were traced to companies owned by Sylva.

The source said that the property, which are located in choice areas of Abuja, were discovered in the ongoing investigation into how Sylva looted Bayelsa during his tenure as the governor of the state.

The source added that the anti- graft agency had also uncovered a network of fronts through which the former governor acquired choice property in major cities especially Abuja, the Federal Capital Territory.

One of the properties linked to the former governor is a duplex valued at N310m situated at Cachez Estate, Mpape, Abuja while the other is a mansion valued at N700m located off Ademola Adetokunbo Crescent in high brow Wuse 2, Abuja.

The Wuse mansion was acquired in the name of Marlin Maritime Limited, a company owned by Timipre Sylva.

The managing Director of the Company, Gbenga Balogun, is said to have fled as EFCC operatives closed in on him in the course of investigation of the Sylva era in Bayelsa, during which billions of naira is said to have been looted by him and his officials.

In spite of the escapee of the fronts, the operatives of the commission are reported to be working round the clock to arrest the culprits and bring them to account for the public funds.

Several accounts have already been traced to the front (name withheld) who allegedly opened many of them in his name using different passport photographs. The front, (name withheld) is currently on the run. Meanwhile, Sylva is already standing trial before a Federal High Court in Abuja on a six-count charge bordering on fraud and money laundering.

But in a swift reaction, the spokesman for Timipre Sylva, Mr. Ola Doife, challenged EFCC to stop trying the former governor in the media but to collate any evidence at its disposal and present it in court since the matter was already pending.

Doife maintained that Sylva remained innocent of the charges until proved otherwise by a competent court of jurisdiction in the land.

http://www.vanguardngr.com/2012/10/efcc-traces-n1bn-property-to-former-bayelsa-gov/
Re: EFCC Traces N1bn Property To Timipre Sylva by KokoBeware: 4:05am On Oct 13, 2012
Na wa oooo... naija wish way
Re: EFCC Traces N1bn Property To Timipre Sylva by nass07(m): 4:09am On Oct 13, 2012
Efcc and their empty barking at it again. Abegi!

2 Likes

Re: EFCC Traces N1bn Property To Timipre Sylva by Nobody: 4:14am On Oct 13, 2012
so EFCC still exists embarassed embarassed
Re: EFCC Traces N1bn Property To Timipre Sylva by Nobody: 4:27am On Oct 13, 2012
THE CITIZENS ARE NOT READY FOR PRIME TIME YET! WHEN THEY ARE READY, THESE CORRUPT OFFICIALS IN GOVERNMENT WILL KNOW NO PEACE, BUT BLOODSHED AND TEARS....MEANWHILE.....LET THE LOOTING CONTINUE.....PRAISE THE LORD!!!!!!!!

3 Likes

Re: EFCC Traces N1bn Property To Timipre Sylva by buchibabe: 4:55am On Oct 13, 2012
As usual dis gist will soon be swept under d carpet.
Re: EFCC Traces N1bn Property To Timipre Sylva by Nobody: 5:19am On Oct 13, 2012
Nigeria, which way mehn?? I trust EFCC to sweep the issue under the carpet once they get their own share...smh.
Re: EFCC Traces N1bn Property To Timipre Sylva by Nobody: 6:14am On Oct 13, 2012
Owk... I hope he has enof money stashed away 2 buy SANs n judges dat wl adjourn ds matter till 2069(as d court pleases)...NEXT!!!!

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Re: EFCC Traces N1bn Property To Timipre Sylva by remzytimer: 6:16am On Oct 13, 2012
EFCC should seize all his assets from him... He's still owing our money 2010/2011 corp member
Re: EFCC Traces N1bn Property To Timipre Sylva by dayokanu(m): 6:21am On Oct 13, 2012
Another one from Bayelsa

From Alams to Retardeen Jonathan now Sylva

2 Likes

Re: EFCC Traces N1bn Property To Timipre Sylva by Paentera(m): 6:24am On Oct 13, 2012
N1bn na shinkini money. He no try at all.
Re: EFCC Traces N1bn Property To Timipre Sylva by sawyer89: 6:27am On Oct 13, 2012
The consequence of fighting the government in power.
Sylva, you better go beg oga Jona
Re: EFCC Traces N1bn Property To Timipre Sylva by INFO70: 6:31am On Oct 13, 2012
A pot(EFCC)calling a kettle(Timipre)black.

1 Like

Re: EFCC Traces N1bn Property To Timipre Sylva by Mintayo(m): 6:33am On Oct 13, 2012
Witch Hunting!

God is watching in 3D!!!
Re: EFCC Traces N1bn Property To Timipre Sylva by Nobody: 6:44am On Oct 13, 2012
who is EFCC? is he garri seller? never seriously heard is work before.
Re: EFCC Traces N1bn Property To Timipre Sylva by fowowe411: 6:48am On Oct 13, 2012
INFO70: A pot(EFCC)calling a kettle(Timipre)black.
wrong mehn! Watz d comparisn btw efcc nd sylva ?
Re: EFCC Traces N1bn Property To Timipre Sylva by fowowe411: 6:51am On Oct 13, 2012
4bobo: who is EFCC? is he garri seller? never seriously heard is work before.
must u mention gari in evritin y nt walk away wen u no get smtin to say?

1 Like

Re: EFCC Traces N1bn Property To Timipre Sylva by onatisi(m): 7:00am On Oct 13, 2012
all na play play,nothing go happen.
Re: EFCC Traces N1bn Property To Timipre Sylva by Nobody: 7:01am On Oct 13, 2012
Am I smelling something fishy here? May be these intels are coming from that man that he opposed in the course of the previous guber election held in the state, in the person of the former shoeless and the present clueless Uncle Jay! #IAMJUSTSAYING.
Re: EFCC Traces N1bn Property To Timipre Sylva by james1(m): 7:11am On Oct 13, 2012
grin EFCC and their drama.
Re: EFCC Traces N1bn Property To Timipre Sylva by DonHummer(m): 7:15am On Oct 13, 2012
Dis our efcc wan turn discovery chanel...na to dey discover dem sabi....kant dey send dis criminals to jail......nxt tin u will hear is dat dey hav arrested him nd he is askd to bail himself with 500million naira by d court....tell me how d court expects him to pay such amount 4 bail if they dont kno he stole enuf...
Re: EFCC Traces N1bn Property To Timipre Sylva by Maxymilliano(m): 7:52am On Oct 13, 2012
EFCC has been tracing corruptly acquired properties to ex governors in the past, how many have being confiscated and auctioned to make a possible recovery of State funds?
Re: EFCC Traces N1bn Property To Timipre Sylva by slimming: 7:55am On Oct 13, 2012
EFCC should stop this method of Media propagada and go to work. we tired with this type of report and thereafter go back to sleep.
Re: EFCC Traces N1bn Property To Timipre Sylva by Rooneyboy(m): 8:12am On Oct 13, 2012
ItsModella: Nigeria, which way mehn?? I trust EFCC to sweep the issue under the carpet once they get their own share...smh.

ofcourse that's what's going to happen.
As the saying goes "when money talks abrakatabra happens"
In naija anything goes.
Re: EFCC Traces N1bn Property To Timipre Sylva by stalinism: 8:15am On Oct 13, 2012
all these noise are theatrical,empty and baseless.the modus operandi has been bastardized.we now know the game they play.EFCC only bark but do not bite.ask Otedola he will affirm that it is only the eyes of childhood that fears painted devil like EFCC.

1 Like

Re: EFCC Traces N1bn Property To Timipre Sylva by Rooneyboy(m): 8:17am On Oct 13, 2012
remzytimer: EFCC should seize all his assets from him... He's still owing our money 2010/2011 corp member

Did I hear u say seize ?
Obviously u don't know the politics on ground in Naija.
Come to terms with reality bro.
Re: EFCC Traces N1bn Property To Timipre Sylva by Nobody: 8:30am On Oct 13, 2012
As usual.......NEXT!
Re: EFCC Traces N1bn Property To Timipre Sylva by mekaboy(m): 9:17am On Oct 13, 2012
EFCC CHASING AFTER EX GOV WHO IS SUSPECTED TO HAVE LOOTED STATE FUNDS.

MEANWHILE FAROUK WHO WAS CAUGHT ON CAMERA, RADIO, FINGER PRINTS AND EVEN ADMITED TAKING BRIBE IS STILL FREE.
Re: EFCC Traces N1bn Property To Timipre Sylva by Nobody: 9:23am On Oct 13, 2012
mekaboy: EFCC CHASING AFTER EX GOV WHO IS SUSPECTED TO HAVE LOOTED STATE FUNDS.

MEANWHILE FAROUK WHO WAS CAUGHT ON CAMERA, RADIO, FINGER PRINTS AND EVEN ADMITED TAKING BRIBE IS STILL FREE.

Lol Yeah. Only Happens in Nigeria. undecided
Re: EFCC Traces N1bn Property To Timipre Sylva by Nobody: 9:32am On Oct 13, 2012
The case will be Facrooked by the Judiciary. After the Executives Arranged a Sting operation on Farouk, the judiciary facrooked it. Judiciary is for sale !
Re: EFCC Traces N1bn Property To Timipre Sylva by temitemi1(m): 9:46am On Oct 13, 2012
EFCC is always been used as hunting dog against opposition
Re: EFCC Traces N1bn Property To Timipre Sylva by RexyDon(m): 10:11am On Oct 13, 2012
aguiyi: so EFCC still exists embarassed embarassed

I know!

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