A Federal High Court sitting in Lagos has nullified the Asset Tracing, Recovery and Management Regulations, 2019, for being “an invalid statutory instrument.”

All sales and disposals of assets made by the Attorney-General of the Federation, Abubakar Malami, under the regulations were also nullified by the court.

It held that the regulations were “ultra vires the office and powers” of the AGF.

The order was made by Justice Ambrose Lewis-Allagoa following a suit FHC/L/CS/40/2021 filed by the plaintiff, Incorporated Trustees of HEDA Resource Centre.

Malami had in November 2020 set up an inter-ministerial committee for the disposal of forfeited assets, following a directive by the President, Major General Muhammadu Buhari (retd.) in October 2018.

The AGF’s power to set up the committee was challenged by HEDA, through its counsel, Omotayo Olatubosun, who argued that the regulations conflicted with the Economic and Financial Crimes Commission Act, Trafficking in Persons (Prohibition) Enforcement and Administrative Act, 2015, National Drug Law Enforcement Agency Act, 2004 and Independent Corrupt Practices Commission Act, 2000, among others, on the matter of disposal of final forfeited assets.

The AGF’s preliminary objection argued by its counsel, Tolu Mokunolu, was dismissed by the Court which granted the nine reliefs sought by the plaintiff.

Justice Lewis-Allagoa held, “I am entirely in agreement with the submission of counsels to the plaintiff that the Asset Tracing, Recovery and Management Regulations, 2019 are contrary to the statutory provisions of the Economic and Financial Crimes Commission EFCC Act, Trafficking in Persons Cohabitation Enforcement and Administration Act, NDLEA Act and Immigration Act.

The plaintiff’s reliefs granted by the judge include a declaration that by the ICPC Act, the Asset Tracing, Recovery and Management Regulations, 2019 “is an invalid statutory instrument the former having conferred no power arrogated by the Defendant to himself in the latter Regulations;

“An Order nullifying the Asset Tracing, Recovery and Management Regulations, 2019 as an invalid statutory instrument same being in excess of the provisions of the Independent Corrupt Practices Commission Act, 2000;

“An Order nullifying all sales and disposals of assets made by the Defendant pursuant to the said Asset Tracing, Recovery, and Management Regulations, 2019 same being ultra vires the office and powers of the Defendant.”

https://punchng.com/court-nullifies-malamis-sale-of-forfeited-assets

They turn those properties to government use, simple as ABC.

Those exotic cars he shared should be investigated immediately by the relevant authorities.

Malami is by far the biggest criminal in this administration... An audacious feat, knowing how competitive it's been.

An Attorney General will soon land himself in prison for overambitiousness l.

When money exchange hand we won't hear it again.

Nigeria will be great again in our lifetime.

Ole!!!


Time for Malami to return Yahoo boys cars he gave to APC delegates as bribe


.

Omo, govt agencies contradicting itself on a daily bases


Nigerian fans react to Liverpool vs Aston Villa Match

https://www.youtube.com/watch?v=QwJDH21ZORM
FANZ TALK FOOTBALL

Malami desperately needs to be Kebbi Governor. He doesn't need the office, he needs immunity to escape prosecution after leaving office.
If Malami doesn't become Governor, he will run out of Nigeria.

I do not agree with the courts on this; forfeited assets that are proceeds of fraud should be auctioned off immediately especially if the cases have gone through the Supreme courts.

Keeping them is of no use.
Abeg, make we for see cheap Prado buy

Malami.

Na double gbese bi this ooo.

I know of a guy that bought one house from the asset sales early last year, so what will become of the situation.

Cabal don dey fight this one

This thief.

Selling assets to join politics.

Mooh247:

Time for Malami to return Yahoo boys cars he gave to APC delegates as bribe

Malami, Emefiele and co would have their days in our courts one day.

Whether next year, whether next 5 years.

Attorney general who is not qualified in the first place.
Corrupt administration.

post=112714751:
Nigeria will be great again in our lifetime.

You this hypocritical handle.

If it was news about one corrupt PDP or opposition member, you would have been everywhere using plural to quantify yourself. Now, there is glaring injustice by the AGF office and you are speaking from the corner of your snort.

You will eat your breakfast too. Just siddon on the plastic chair wey dem give you.

Malamu has never won a case for fg all through his tenure.

NwaNimo1:


https://punchng.com/court-nullifies-malamis-sale-of-forfeited-assets

Judiciary please make the thief refund all the stolen monies.

The Abacha loot, ECA funds and the looted assets being used to finance elections. Since EFCC, Presidency, ICPC are facilitators of corruption.

In all these I blame the south for allowing one man to steal our common wealth so much, reducing allocation to the collective south and get away with it seemingly.

Forfeited assets sold to their cronies.

truthCoder:


You this hypocritical handle.

If it was news about one corrupt PDP or opposition member, you would have been everywhere using plural to quantify yourself. Now, there is glaring injustice by the AGF office and you are speaking from the corner of your snort.

You will eat your breakfast too. Just siddon on the plastic chair wey dem give you.

Online troll, keep shut.
Too early in the morning to be blabbing.
I like it as she doesn't even reply you kids,
And that kills you more.

Aunty MANNA, continue to hit dem on d heads with d truth.

Audio nullification, something that they will still release. Once power (money) change hands

Ok