Court Freezes Aluko And Omokore's $1.8bn Assets - Politics (5)

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Court Freezes Aluko And Omokore's $1.8bn Assets - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Court Freezes Aluko And Omokore's $1.8bn Assets (37899 Views)

Paris Club Refund: Court Freezes Bank Accounts Of Abia, Cross River, Delta State / Ganduje Signs $1.8bn Railway Project With Chinese Firm(pics) / $1.8bn Assets Of Aluko & Omokore To Be Frozen (2) (3) (4)

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Re: Court Freezes Aluko And Omokore's $1.8bn Assets by Truckpusher(m): 10:57pm On May 25, 2016

tsdarkside:

i use this opportunity to greet my main man sir truckpusher and my queen coolitempa.....ofcourse...the dame ngenekwenu... ..

nice to be out of nairaland-jail again....

These days the mods are on a jailing spree . grin

They jailed me for two months bro . grin

1 Like

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by Esperooke(m): 10:58pm On May 25, 2016

niggaz4life:
what is number 6 ?

our satirical term for 'nemesis'

2 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by diva90: 11:25pm On May 25, 2016

FINALLY! Wonder why it took FG so long to do this! For those saying they don't have jurisdiction over freezing accounts outside nigeria. Says who? FG can work with other world governments to freeze and repartriate stolen funds.

1 Like

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by iyobosadavid: 11:34pm On May 25, 2016

Beehshorp:

Name one tangible thing buhari has achieved if not distract us..

Another Ugandan spotted

4 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by Yksoul(m): 11:53pm On May 25, 2016

I HAVE KNOWN BEFORE THAT KOLA ALUKO AND OMOKORE WOULD FACE THE WRATH OF THE LAW.ALL EYES COULD SEE HOW THEY TEAMED UP WITH DIEZANI TO LOOT NIGERIA.GOD PUNISH THEM

1 Like

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by drebaba12(m): 11:59pm On May 25, 2016

Asset freezing is a legal process which prevents a defendant (usually an apparent fraudster) [1] to an action from dissipating their assets from beyond the jurisdiction of a court so as to frustrate a potential judgment . It is widely recognised in other common law jurisdictions [2] and such orders can be made to have world-wide effect. It is variously construed as part of a court's inherent jurisdiction to restrain breaches of its process . The jurisdiction arises in part from the Judicature Act 1873 , which provided that "A mandamus or an injunction may be granted or a receiver appointed by an interlocutory Order of the Court in all cases in which it shall appear to the Court to be just or convenient..." Relying on this, Jessel MR in 1878 declared, "I have unlimited power to grant an injunction in any case where it would be right or just to do so..."

2 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by CoolAmbience(m): 12:07am On May 26, 2016

wirinet:
PDP and its allies (IPOB and Avengers) would not like this. They will start screaming, "Buhari should face the economy and stop distracting Nigerians.

Don't mind them, they claim he is an illiterate but have not been able to pinpoint any grammatical errors from his interview clips.

2 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by lastpage: 12:18am On May 26, 2016

cktheluckyman:
Lolz!! So a federal high court in lagos would seize an asset in los angeles USA? These fools never cease to amaze me!! Very soon a high court in zimbabwe would order the seizure of my property in lagos!!

It is very easy to secure the oluwole injuction anyway,the enforcement is another matter entirely

Dont display IGNORANCE on NL.

The Nigerian Court, through the Nigerian Govt, will simply apply to foreign Govts where these assets are located, to enforce such Court Order.

It will also be passed to the Interpol, if they need to arrest him, by issuing a Warrant of Arrest, incase he goes under-ground.

People like you know nothing,.... yet you are the loudest and first to comment. angry

Lastpage!

3 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by ISpiksDaTroof: 12:19am On May 26, 2016

Missy89:

I would assume that Buhari's government is going after assets in the UK. This injunction will be crushed in US courts. They have always rejected it as far as i know

What on earth are you talking about?

4 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by Beeman1(m): 12:41am On May 26, 2016

cktheluckyman:
Lolz!! So a federal high court in lagos would seize an asset in los angeles USA? These fools never cease to amaze me!! Very soon a high court in zimbabwe would order the seizure of my property in lagos!!

It is very easy to secure the oluwole injuction anyway,the enforcement is another matter entirely

U dis old fooool. U never still get sense up till now

5 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by tsdarkside(m): 1:19am On May 26, 2016

Truckpusher:
These days the mods are on a jailing spree .

They jailed me for two months bro .

shittttt.......!!!!.....thunda fire!!!!....... grin

....

soon they will start banning us for years..... grin

funny people.... grin

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by Pavarottii(m): 2:12am On May 26, 2016

free2ryhme:
Here we go !. We are getting there slowly but, surely !

U mean total. Collapse of d economy?

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by Pavarottii(m): 2:15am On May 26, 2016

seunmsg:

Pa Chukwudi44, why are you always in support of corrupt criminals? You have opposed all the efforts of this government to prosecute and recover stolen assets from people who almost ruined this country with their greed. Seriously, do they pay you to do this or you just love to defend corrupt criminals?

That's because it's a selective prosecution. Why is Tinubu and Ameachi, Fashola's assets not frozen and thrown behind. Bars?

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by InvertedHammer: 3:28am On May 26, 2016

/
The Aluko family is a criminal enterprise starting from their patriarch Sam Aluko who was the brain behind £20 to Biafrans after the civil war. I guess the sins of the father is following the offsprings and relations around. There is no rest for the wicked. The first son Bolaji was recently fired as the VC of Fed. University, Otuoke. He remains jobless.
\

1 Like 1 Share

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by Rhea(f): 3:31am On May 26, 2016

cktheluckyman:
A federal high court in lagos does not have jurisdiction outside Nigeria.The order is as useless as my toilet paper

Never underestimate the utility of toilet paper if you have never wiped our otule with your palms

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by kokobongo: 3:35am On May 26, 2016

Everyone see

2 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by afrika(f): 3:38am On May 26, 2016

WHAT IS ALL THIS STOLE AND NOISE ABOUT. WHERE RE THE MONIES. AND RFCC EANTS TO BUILD A STATE OF ART OFFICE. AND THE PRESIDENTS WIFE DOES NOT HAVE AN OFFICE YET FLIES HER OWN PRIVATE PRESIDENTIAL PLANE, RAISES SO MUCH FUNDS ON IDP AND WE RE YET TO ACCOUNT FOR IT.

WHATS GOING ON HERE.

FTC BTC ALL NA WASH. A FIGHT FOR CORRUPTION THAT DOES NOT TOUCH HIS GOVERNMENT THAT PARTICIPATED IN THE LAST DISPENSATION IS NO FIGHT OF TRANSACTION.

DEMOCRACY WITHOUT CRITISM IS autocracy. Where is gani, where is ffk

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by lonelydora: 3:38am On May 26, 2016

BIGERBOY1:

It is not a direct order freezing the assets rather a permission granting FG liberty to go after their assets using international legal framework

Why wasting words on him? He never understands international laws.

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by donmaria: 3:39am On May 26, 2016

The sad thing is Nigerians refuses to believe these people are looters. They refuse to target these people that have milked the country dry. They refuse to hold these thieves responsible. Many folks that are poor and suffering in this NL will still be defending all these rogues. We cannot blame Buhari for all the decay that have been going on in this country. The country is broke. The country was looted. No country can survive after such a long bleeding. Buhari has his own problems. But we can't just brush away the terrible things the past looters have done to this country.

People should stop defending these thieves that stole the country resources. I can foresee the day the ex-con, thief, James Ibori is release from UK prison. Some people will go and welcome him. Delta state will be a gorged with drums and dance. He will have a rosy welcome. His cronies, poor and ignorant will welcome him in as far a food and drinks will be served. It's pathetic.

6 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by harveyspec: 3:42am On May 26, 2016

kcnwaigbo:

You are the one making a fool of yourself. Unless omokore is convicted by a US court, those properties would remain his. There is nothing like foreign policy here. This is simply law

Pls answer this, if the court in Nigeria doesnt OK, an extraditction of a Nigerian to another country, can Interpol just come in & swipe him off?

so also nigeria can not approach the foreign asset recovery team without showing paper work from our court's. it's a start

do you know more than the judge or the AG

if you do, kindly tell us the steps involved when assets are to be seized in a foreign country

3 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by rusher14: 3:53am On May 26, 2016

InvertedHammer:
/
The Aluko family is a criminal enterprise starting from their patriarch Sam Aluko who was the brain behind £20 to Biafrans after the civil war. I guess the sins of the father is following the offsprings and relations around. There is no rest for the wicked. The first son Bolaji was recently fired as the VC of Fed. University, Otuoke. He remains jobless.
\

They are not even related.

Also, I did a little research on how much £20 from 1969 is and discovered it's present value is approximately £230 of today.

230 = 103, 500 Naira today.

That is at 450 Naira to the pound.

103,000 Naira is not a lot but not a child's play when you consider how many are to be paid out.

Many must have made losses yet it was a tidy little sum.

Considering this was after a long war that affected finances of both parties it may not have been easier to come up with a figure that's achievable.

http://www.moneysorter.co.uk/calculator_inflation2.html#calculator

1 Like

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by chrisblack: 4:08am On May 26, 2016

cktheluckyman:
Lolz!! So a federal high court in lagos would seize an asset in los angeles USA? These fools never cease to amaze me!! Very soon a high court in zimbabwe would order the seizure of my property in lagos!!

It is very easy to secure the oluwole injuction anyway,the enforcement is another matter entirely

u are the fool. Do you understand what a mareva injunction is. Mumu

1 Like

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by cktheluckyman: 4:33am On May 26, 2016

Charles545:

it's not enforcement per se...but restraint from dissipation of the assets

How exactly can a court oorder in Nigeria stop the sale of assets in the US? I am amazed at the ignorance of the law been displayed on this thread!!

And please all I am no chukwudi44 so please spare me all this bullshit

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by cktheluckyman: 4:34am On May 26, 2016

chrisblack:
u are the fool. Do you understand what a mareva injunction is. Mumu

You think I don't know what it is and yet I tekk you the order is useless?

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by cktheluckyman: 4:42am On May 26, 2016

harveyspec:

Pls answer this, if the court in Nigeria doesnt OK, an extraditction of a Nigerian to another country, can Interpol just come in & swipe him off?

so also nigeria can not approach the foreign asset recovery team without showing paper work from our court's. it's a start

do you know more than the judge or the AG

if you do, kindly tell us the steps involved when assets are to be seized in a foreign country

If the nigerian government think they have a case against him,they would have to involve interpol who after investigations and having been satisfied that a prima facie case has been established against him goes to a court of competent jurisdiction to secure an arrest,search warrant or mareva injunction to freeze his assets!!

They will not just freeze his assets because a Nigerian court so orders.Even President Obama cannot order the freezing of anyone's asset without an order from a court of competent jurisdiction!! Don't forget Omokore will definitely lawyer up and he can definitely afford a damn good one

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by payosehtor(m): 5:03am On May 26, 2016

sadissbala:
and emerging something bunch of nonsense corrupt elements are supporting these guys that left the future of this country in total jeopardy.pls pls emerging a person stealing morthan $1b Kai only God can judge these people, because killing them is not enough.

thak God for answering aur prayers by
bringing an intaventionIst
in pmb

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by kabman: 5:04am On May 26, 2016

Aluko,the man that became rich out of nowhere and srarted hanging with jay z

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by back2sender: 5:18am On May 26, 2016

BIGERBOY1:

It is not a direct order freezing the assets rather a permission granting FG liberty to go after their assets using international legal framework

Dont mind the idiotic fuul. That how they think and act like thier hero the ineffectual baboon. Where is GEJ? So as an old man he cannot stay in his country? Of all Nigeria past president he is the only one a fraud afraid to come to Nigeria running to cote d voire. Shame

2 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by back2sender: 5:21am On May 26, 2016

cktheluckyman:

How exactly can a court oorder in Nigeria stop the sale of assets in the US? I am amazed at the ignorance of the law been displayed on this thread!!

And please all I am no chukwudi44 so please spare me all this bullshit

You are Pa chukwudi brother, IPOB member. Useless bunch of people. No more free looting money for una again.
God bless PMB

2 Likes

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by larry75(m): 5:25am On May 26, 2016

Let their nose be under the grounding stoneLet their nose be under the grounding stoneLet their nose be under the grounding stone

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by simplex2: 5:32am On May 26, 2016

Did I read 43 apartments at Banana Island

These guys really raped the economy dry!

1 Like

Re: Court Freezes Aluko And Omokore's $1.8bn Assets by xwolverine: 5:39am On May 26, 2016

Missy89:

I would assume that Buhari's government is going after assets in the UK. This injunction will be crushed in US courts. They have always rejected it as far as i know

Here's the simple fact of the situation. The assets in the United States are only six which by estimate wouldn't exceed the $150 million mark at approximately $25 million each, give or take. Both of them don't have an offshore account in the states in a bid to avoid IRS and the scrutiny of the CIA, which would be their undoing. Its a simple case of diplomatic lobbying to get them extradited to Nigeria or get the feds to get them on money laundry charges and poof, they are sent to Nigeria.

Assets owned by them can't be leased or sold neither can it be used as collateral for loans, they can only access funds in investment funds (if they have one).

Even if the assets in the states are tied up in the courts which I doubt, it only accounts for approximately 11.1% of the total funds, so not a bug deal if the bulk of the money in Europe can be accessed.

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