Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,800,203 members, 6,692,783 topics. Date: Wednesday, 26 January 2022 at 10:12 AM

Court Orders Forfeiture Of N8.8bn Worth Properties To FG - Crime - Nairaland

Nairaland Forum / Nairaland / General / Crime / Court Orders Forfeiture Of N8.8bn Worth Properties To FG (296 Views)

Invictus Obi: Court Orders Interim Forfeiture Of Obinwanne's Abuja Houses, Cars / 12 ASPs In Police Convoy Kidnapped, Families Selling Properties To Pay Ransom / Rivers: EFCC Secures Forfeiture Of 244 Vehicles In Port Harcourt [PHOTOS] (2) (3) (4)

(1) (Reply)

Court Orders Forfeiture Of N8.8bn Worth Properties To FG by chibaby1985(f): 4:41pm On May 31, 2019
An Abuja high court has granted an order of interim forfeiture of 29 properties in different locations of the federal capital of Nigeria worth about N8.8billion to the government.



The Independent and Corrupt Practices and Other Related Commission (ICPC) applied for the interim forfeiture of the properties through an ex-parte motion. 27 respondents were listed on the motion including Shehu Yaradua Foundation, while others are companies. ICPC counsel, Osuobeni Akponimisingha said the twenty-seven respondents had denied ownership of the properties, in order to evade tax liabilities on the properties. “The immovable properties have been confirmed unclaimed by preliminary investigation activities conducted by the applicant,” Akponimisingha said. He said that the properties were alleged to have been acquired with proceeds of crimes. Akponimisingha said the respondents may likely sell off the properties to unsuspecting members of the public if the court does not order the temporary forfeiture.



In an affidavit attached to the motion by one Iliya Markus, an official of ICPC, the court was told that the commission received a petition from the Presidential Advisory Committee Against Corruption (PACAC) about unclaimed properties allegedly acquired in the names of the respondents. He said the petition had contained an initial 31 immovable properties but upon publication of notice on two national newspapers regarding the properties, two companies came forward to claim two of the properties. The presiding judge, justice Husseini Baba-Yusuf said the court was satisfied with the argument of the ICPC counsel. “An interim forfeiture order is hereby made,” Baba-Yusuf ruled.




The judge thereafter fixed September 23 as the return date.


https://ebeanonews..com/2019/05/court-orders-forfeiture-of-n88bn-worth.html

Re: Court Orders Forfeiture Of N8.8bn Worth Properties To FG by GeneralPula: 5:48pm On May 31, 2019
See money!
Re: Court Orders Forfeiture Of N8.8bn Worth Properties To FG by chibaby1985(f): 6:24pm On May 31, 2019
grin
GeneralPula:
See money!

(1) (Reply)

Abuja Pastor Arrested For Allegedly Raping, Impregnating 16-year-old / MFM Pastor Blames Devil After Impregnating 16-yr-old Orphan . / President Buhari Approves Creation Of State And LGA Police.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 27
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.