A Federal High Court in Lagos has ordered the forfeiture of three landed properties in Lagos and Abuja belonging to Mr Kola Aluko, an ally of former Minister of Petroleum Resources, Mrs. Diezani Allison-Madueke.

Justice Mohammed Liman made the order following an ex parte motion filed by Economic and Financial Crimes Commission (EFCC) counsel, Mr. Rotimi Oyedepo.

The EFCC said first defendant Aluko is the Chief Executive Officer of Atlantic Energy Drilling Concept Ltd (AEDC) and Atlantic Energy Brass Development Limited (AEBD).


His co-defendant is a firm, District Heights Ltd.

The anti-graft agency said the properties were valued at $73 million and N350 million

The properties are: Plot 3389 and Plot 3390, House 2, Margaret Thatcher Close, Asokoro Cadastral Zone, Abuja as well as Avenue Towers, Plot 1391, Tiamiyu Savage Street, Victoria Island, Lagos.

The EFCC said Plot 3389 and Plot 3390 in Abuja were purchased for N350m and $18 million respectively while the Lagos property was bought for $55million.

According to it, the funds used to procure the properties were reasonably suspected to be proceeds of unlawful activities.

After granting the application, Justice Liman directed the EFCC to publish the order in a national newspaper.

He adjourned till November 12, 2019 for anyone interested in the properties to appear before him to show cause why they should not be permanently forfeited to the Federal Government.

@mynd44

https://legitnewsblog..com/2019/10/court-also-orders-forfeiture-of-kola.html

Many of them go get stroke before 2023 by the time Buhari is done

Nice one @ judiciary

dheilaw1:
Many of them go get stroke before 2023 by the time Buhari is done

Honestly ...








Abdul Rasheed maina, the alleged pension theif also forfeited some properties to the federal government .there is this question begging for answer, what will happen to the seized properties

kolakolex:


Honestly ...








Abdul Rasheed maina, the alleged pension theif also forfeited some properties to the federal government .there is this question begging for answer, what will happen to the seized properties

to be sold off to legitimate money makers and the proceeds be remitted into the federation account, according to the President