• About
  • Advertise
  • Contact
Thursday, October 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Judiciary

Court Gives EFCC Nod To Take Over Abuja Estate With 753 Duplexes

...EFCC says it is largest asset recovery in history

Vital News by Vital News
December 2, 2024
in Judiciary
0
Court Gives EFCC Nod To Take Over Abuja Estate With 753 Duplexes
Share on FacebookShare on Twitter

Justice Jude Onwuegbuzie of a federal high court sitting in Abuja on Monday gave EFCC to take an over Abuja Estate With 753 Duplexes.

The EFCC said in a release that this was the single largest asset recovery by the Commission since its inception in 2003.

Justice Jude Onwuegbuzie, ordered the final forfeiture of the estate in the Federal Capital Territory, Abuja, measuring 150,500 square metres and containing 753 Units of duplexes and other apartments.

The estate is located on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja.

The EFCC said : “The forfeiture of the property to the federal government by a former top brass of the government was pursuant to EFCC’s mandate and policy directive of ensuring that the corrupt and fraudulent do not enjoy the proceeds of their unlawful activities.

RelatedStories

Court Fixes Oct 31 For Judgment In Suit Seeking To Stop PDP National Convention

Acting National Chairman, National Secretary Can Take Decisions On behalf Of SDP, Appeal Court Rules Against INEC

Malabu Oil & Gas Limited Drags CAC To Court Over Alleged Illegal Deregistration

FG Says Pardon For Maryam Sanda, Others, Not Final,Begins Review Of Prerogative Of Mercy Exercise

“In this instance, the Commission relied on Section 17 of the Advance Fee Fraud And Other Fraud Related Offences Act No 14, 2006 and Section 44 (2) B of the Constitution of the 199 Constitution of the Federal Republic of Nigeria to push its case,” the EFCC said.

Ruling on the Commission’s application for the final forfeiture of the property, Justice Onwuegbuzie held that the respondent have not shown cause as to why he should not lose the property, “which has been reasonably suspected to have been acquired with proceeds of unlawful activities, the property is hereby finally forfeited to the federal government.”

The road to the final forfeiture of the property was paved by an interim forfeiture order, secured before the same Judge on November 1, 2024.

The government official which fraudulently built the estate is being investigated by the EFCC.

The forfeiture of the asset is an important modality of depriving the suspect of the proceeds of the crime.

The justification for the forfeiture is derived from Part 2, Section 7 of the EFCC Establishment Act, which stipulates that the EFCC “has power to cause investigations to be conducted as to whether any person, corporate body or organisation has committed any offence under this Act or other law relating to economic and financial crimes and cause investigations to be conducted into the properties of any person if it appears to the Commission that the person’s lifestyle and extent of the properties are not justified by his source of income.”

The Commission’s Executive Chairman, Mr. Ola Olukoyede, has repeatedly described asset recovery as pivotal in the fight against corruption, economic and financial crimes and a major disincentive against the corrupt and the fraudulent.

In the release by the EFCC Head of Media and Publicity, Dele Oyewale, addressing members of the House of Representatives Committee on Anti-corruption recently, he said, “If you understand the intricacies involved in financial crimes investigation and prosecution you will discover that to recover one billion naira is war.

“So, I told my people that the moment we start investigation we must also start asset tracing because asset recovery is pivotal in the anti-corruption fight; and one of the potent instruments that you can deploy as an anti-corruption agency for an effective fight is asset tracing and recovery.

“If you allow the corrupt or those that you are investigating to have access to the proceeds of their crime, they will fight you with it.

“So one of the ways to weaken them is to deprive them of the proceeds of their crime. So, our modus operandi has changed simultaneously.

“The moment we begin investigation, we begin asset tracing. That was what helped us to make our recoveries.”
(vitalnewsngr.com)

Tags: assetCourtEFCCestateorder
Previous Post

Spend Your Service To Reflect, NYSC D-G Urges Corps Members

Next Post

How Customs Officer, Wife, 4 Children Died In Osun Inferno

Vital News

Vital News

RelatedStories

PDP NEC Appoints Damagum As Substantive National Chairman, Zones Presidential Ticket To South
Judiciary

Court Fixes Oct 31 For Judgment In Suit Seeking To Stop PDP National Convention

October 21, 2025
Rumpus In SDP As Party  Suspends National Chairman, Sheu Gabam, Two Other NWC Members
Judiciary

Acting National Chairman, National Secretary Can Take Decisions On behalf Of SDP, Appeal Court Rules Against INEC

October 17, 2025
Malabu Oil & Gas Limited Drags CAC To Court Over Alleged Illegal Deregistration
Judiciary

Malabu Oil & Gas Limited Drags CAC To Court Over Alleged Illegal Deregistration

October 17, 2025
FG Cancels Independence Anniversary Parade
Judiciary

FG Says Pardon For Maryam Sanda, Others, Not Final,Begins Review Of Prerogative Of Mercy Exercise

October 16, 2025
Nnamdi Kanu’s Ailment Not Life Threatening – NMA
Health

Nnamdi Kanu’s Ailment Not Life Threatening – NMA

October 16, 2025
Next Post
How Customs Officer, Wife, 4 Children Died In Osun Inferno

How Customs Officer, Wife, 4 Children Died In Osun Inferno

Gov. Ododo Unveils Kogi’s 2025 Budget Of N582bln

Gov. Ododo Unveils Kogi's 2025 Budget Of N582bln

Friedrich Ebert Stiftung Trains, Graduates 26 Trade Unionists

Friedrich Ebert Stiftung Trains, Graduates 26 Trade Unionists

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Sallah: Kogi Police Commissioner orders tight security

3 years ago

RMAFC To Review Sharing Formula Among States, LGs

3 years ago

Buhari invites Tinubu, Adamu, Sheriff , others to breaking of Ramadan fast

3 years ago
Ibadan High Chiefs Meet To Deliberate, Nominate Ladoja As 44th Olubadan of Ibadanland

LADOJA, THE KING WHO IS TRULY READY – Dare Babarinsa

4 weeks ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

National Orthopedic Hospital Jalingo Signs MoU With Police Health Maintenance Limited

Former Kogi Senator In Trouble Over Attempts To Scuttle Appointment Of Amupitan As INEC Chairman, Action Raises Dust Among Kinsmen

Three INEC Officials Going For November 8 Anambra Governorship Election Kidnapped In Kogi

Amid Worsening Insecurity, Kwara Closes 45 Public Schools

Court Fixes Oct 31 For Judgment In Suit Seeking To Stop PDP National Convention

ERNEST IKOLI’S FAMILY ANNOUNCES BURIAL DATE FOR ELSIE AJAYI IKOLI

Trending

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund
News

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

by Vital News
October 22, 2025
0

The Osun State Government on Wednesday announced the appointment of Afrobeats Star, David Adeleke, popularly known as...

FG Cancels Independence Anniversary Parade

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

October 22, 2025
‎IMPI Welcomes First Interest Rate Cut In Five Years, Says CBN Decision Aligns With Its Projection

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

October 22, 2025
National Orthopedic Hospital Jalingo Signs MoU With Police Health Maintenance Limited

National Orthopedic Hospital Jalingo Signs MoU With Police Health Maintenance Limited

October 22, 2025
Former Kogi Senator In Trouble Over Attempts To Scuttle Appointment Of Amupitan As INEC Chairman, Action Raises Dust Among Kinsmen

Former Kogi Senator In Trouble Over Attempts To Scuttle Appointment Of Amupitan As INEC Chairman, Action Raises Dust Among Kinsmen

October 22, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund October 22, 2025
  • FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo October 22, 2025
  • ‎IMPI Revises Inflation Rate Projection To 14% From 17% For December October 22, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In