Femi Falana, a senior advocate of Nigeria (SAN), has advised the Economic and Financial Crimes Commission (EFCC) to stop sealing off assets belonging to suspects of financial crimes.

The lawyer gave the advice in Ikeja at the presentation of ‘Compendium of High-Profile Corruption and Financial Crimes Cases in Nigeria’.

Falana said sealing of properties while cases were still pending in courts does not do the public any good as the assets eventually lose economic value.

He said: “I do not subscribe to the locking up of assets or properties while a case is still pending in court. I do not think the EFCC or other anti-corruption agencies should be doing that.

“If somebody has stolen money to build a hospital, just like the one on Adeniyi Jones in Ikeja, somebody was alleged to have stolen to build the hospital worth about N2.5billion, which is sealed now.

“For me, you are not doing the public any good by just locking up the place and by putting your inscription: ‘Under Investigation’.

“Why don’t you allow it to function so that the place can benefit the people, because it is already acquired for public purpose.

“And this should go for all buildings too. People are looking for accommodation and you just lock up blocks of flat over cases still pending in court.

“And these cases may be in court for years. And by the time the cases are concluded, the premises you have sealed no longer have their value.

“The EFCC was set up to revive businesses not to liquidate them. You liquidate businesses by just getting some court orders. That to me, is not the way to fight corruption.”

Falana said the seized vehicles wasting away at EFCC offices is a cause for concern.

He suggested that the vehicles could be sold by the EFCC while the proceeds are kept in an account pending the determination of the cases involving their owners.

“If the case is finally resolved in favour of the suspects, they are given the money, if not, the money is forfeited to the government,” he said.

“That, I think, is better than allowing these vehicles to waste away while cases are being investigated or still pending in court.”

https://all-gists..com/2018/12/falana-to-efcc-sealing-assets-of-suspects-not-the-way-to-fight-corruption.html

I don't take lawyers seriously.... even papa falz

Tell them... Devilish party and governance

The father of Falz who sang "This is Nigeria" has spoken from his chamber and in his great wisdom.

He's making sense

My brother help us tell apc abeg

Na wa

Walahi EFCC no get sense

Well that’s the only option they got!
When your Govt lacks basic idea of Governance, what do you do ?

Vote them out !

What he said is very correct. Most especially with the Hospital

He has a point

His points are valid

The President will never build good Hospitals for us even though he's also questionnable for fraud but he will sealed those that are profitble to us. Can anything good come out from a lifeless person?

magu's EFCC is the most controversial, double standard, bias and directionless EFCC that has ever existed in this country. magu's EFCC is a pseudo-APC association

datyrone:
I don't take lawyers seriously.... even papa falz

But there is a lot of sense from what he has said, you may not see because you are part of the Z nation

Garagara of this government s much

welcome to Nigeria,where recovered loots are looted by people who tag other people 'looters' ..
So how do we now tell the difference between the original looters and the lootees

Shebi u dey support this govt before falana? Wanting power at all course and not having a tangible plan in place before coming to power killed this govt. Let's collectively decide and make naija work and great again God bless naija.

.

I think I subscribed to his observation regarding this issue outright closure or sealing off properties is not the right way of doing things in this country we waste 2many resources yet we claim we don't have money

That's what happens when old people with burnt brain fuse rules us.

Femi knows the truth, this government is fast turning to a civilian dictatorship

Gani Fawehinmi of blessed memories... Since his demise, none has come close. How pathetic!

I totally agree with Femi on this issue
Sealing the property or company can also lead to job lose

gare:


But there is a lot of sense from what he has said, you may not see because you are part of the Z nation

you that is part of A nation.what have you done for your country or even your constituency

datyrone:


you that is part of A nation.what have you done for your country or even your constituency

Lol, what have I done for my country or constituency, let's not go there because you will not understand, it's not about me but rather focus on the advice from Falana

Festus keyamo dey advise them

Adeitanajoke:


Femi Falana, a senior advocate of Nigeria (SAN), has advised the Economic and Financial Crimes Commission (EFCC) to stop sealing off assets belonging to suspects of financial crimes.

The lawyer gave the advice in Ikeja at the presentation of ‘Compendium of High-Profile Corruption and Financial Crimes Cases in Nigeria’.

Falana said sealing of properties while cases were still pending in courts does not do the public any good as the assets eventually lose economic value.

He said: “I do not subscribe to the locking up of assets or properties while a case is still pending in court. I do not think the EFCC or other anti-corruption agencies should be doing that.

“If somebody has stolen money to build a hospital, just like the one on Adeniyi Jones in Ikeja, somebody was alleged to have stolen to build the hospital worth about N2.5billion, which is sealed now.

“For me, you are not doing the public any good by just locking up the place and by putting your inscription: ‘Under Investigation’.

“Why don’t you allow it to function so that the place can benefit the people, because it is already acquired for public purpose.

“And this should go for all buildings too. People are looking for accommodation and you just lock up blocks of flat over cases still pending in court.

“And these cases may be in court for years. And by the time the cases are concluded, the premises you have sealed no longer have their value.

“The EFCC was set up to revive businesses not to liquidate them. You liquidate businesses by just getting some court orders. That to me, is not the way to fight corruption.”

Falana said the seized vehicles wasting away at EFCC offices is a cause for concern.

He suggested that the vehicles could be sold by the EFCC while the proceeds are kept in an account pending the determination of the cases involving their owners.

“If the case is finally resolved in favour of the suspects, they are given the money, if not, the money is forfeited to the government,” he said.

“That, I think, is better than allowing these vehicles to waste away while cases are being investigated or still pending in court.”

https://all-gists..com/2018/12/falana-to-efcc-sealing-assets-of-suspects-not-the-way-to-fight-corruption.html

True talk

Oga F F, thanks for sharing this common sense but I m sure apc won't need it