Connect with us

News

Court Siezes $2.04m worth of properties linked to Emefiele

On Friday, a Federal High Court in Lagos ordered a final forfeiture of 2.04 million dollars, linked to the suspended Central Bank Governor, Godwin Emefiele. Justice Isaac Dipeolu also ordered the final forfeiture of landed properties and share certificates of Queensdorf Global Fund Ltd Trust, all linked to Emefiele. The court made the final orders of forfeiture, after holding that the former CBN governor or any other interested party did not contest the same after an earlier interim forfeiture order

The court held that the respondent could not connect his lawful earnings from Zenith Bank and the CBN to the acquisition of the properties. The Economic and Financial Crimes Commission (EFCC) counsel, Rotimi Oyedepo (SAN) had by a motion on August 15, sought an order to forfeit the properties on grounds that they were reasonably suspected to be proceeds of unlawful activities.

Oyedepo had added that the orders sought were under Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006, Section 44 (2)(b) of the 1999 Constitution of the Federal Republic of Nigeria and the court’s inherent jurisdiction.

The court had granted the interim order of forfeiture on the properties and had adjourned for any interested party to appear in court and show cause. In its ruling on Friday, the court held that the respondent failed to provide documents or links to show that he owned the properties.

The court held that the conclusion that can be deduced is that there must be something dark about the acquisition of the properties, which the respondent and the companies do not want to come to light.

The judge consequently, held that “the interested party has failed to demonstrate any lawful interest in the properties and that they were acquired from his legitimate earnings”.

“I, therefore order the final forfeiture to the Federal Government of Nigeria, of all those properties, which are reasonably suspected to have been acquired with proceeds of unlawful activities”.

The properties are two fully detached duplexes of identical structures, lying and situated at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos

An undeveloped land, measuring 1919.592sqm at Oyinkan Abayomi Drive Ikoyi, Lagos; a bungalow at No. 65a Oyinkan Abayomi Drive, Ikoyi, Lagos and a four-bedroom duplex at 12a Probyn Road, Ikoyi.”

Others are an industrial complex under construction, 22 plots of land in Agbor, Delta State; eight units of an undetached apartment at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land at 2a Bank Road, Ikoyi, Lagos

Click to comment

Leave a Reply

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

Entertainment

Bovi To Replace IK Osakioduwa as hosts for 12th edition Of AMVCA, Ending 11-year Run

After eleven consecutive editions under the same host, the Africa Magic Viewers’ Choice Awards is changing the face of its stage.

The organisers have announced Nigerian comedian and actor Bovi Ugboma and South African actress Nomzamo Mbatha as co-hosts for the 12th edition, scheduled for May 9, 2026, at the Eko Hotel and Suites in Lagos, bringing to a close IK Osakioduwa’s unbroken run as the face of the ceremony since its debut in 2013.

Osakioduwa has been a fixture of the AMVCA since the awards launched, hosting every edition across more than a decade. His departure from the role marks the most significant change to the ceremony’s presentation since its inception.

In his place steps Bovi, one of Nigeria’s most recognised stand-up comedians, known for his sharp wit, storytelling, and stage command. Joining him is Nomzamo Mbatha, whose profile extends well beyond the screen. The actress, producer, and UNHCR Goodwill Ambassador gained international recognition through her role in Coming 2 America and currently stars as Queen Nandi in the acclaimed epic drama series Shaka iLembe, for which she also serves as Executive Producer.

The organisers described the pairing as “a master of wit and narrative, and a global icon of screen and advocacy,” promising a night where “mastery meets African excellence.” Bovi, speaking on his appointment, made clear he understands the significance of the occasion.

“The AMVCA stage is one of the biggest in Africa, and I don’t take that lightly,” he said. “I want to bring the energy, the laughs, and the magic that this night deserves. African storytelling is at an all-time high, and it’s an honour to be the one holding the mic while we celebrate the best of it.”

Veteran actress Joke Silva has been named head judge for the 12th edition.On the nominations front, Gingerrr and The Herd lead the pack with nine nods each across acting, directing, and technical categories. To Kill A Monkey follows with eight nominations, while My Father’s Shadow, from the Davies brothers, earned seven across various categories.

Continue Reading

Celebs

One Half Of The Estranged Duo P-Square Declares Nov 30 as his new birthday

Mr P has officially moved his birthday celebration from November 18 to November 30, adding a new layer to the ongoing P-Square family feud. What began as a social media declaration has now been formalised. A few hours after announcing his intention to change his birthday date, Peter Okoye, known professionally as Mr P, has issued an open letter confirming that November 18, the date he has shared with his twin brother Paul Okoye since birth in 1981, is no longer his day of celebration.

“Dear Family, Friends, and Fans,” the post read. “I’m making it official. November 18th is no longer my birthday celebration date. Please note that I will not be accepting any messages or gifts on that day. My birthday will now be celebrated on November 30th. This is a personal decision, and I truly appreciate your understanding.”

The message is brief, but its implications are quite clear. November 18 has long been one of the last remaining public symbols of a shared identity between two brothers whose professional and personal relationship has deteriorated sharply over the past several years.

By formally reassigning the date, Peter is drawing a line that goes beyond creative differences or business disputes.

The reaction from Nigerians online has been largely sceptical.

Many have questioned the necessity of the gesture, with a significant number describing it as petty and unnecessary given the more substantive issues that have defined the brothers’ current estrangement.

The consensus among critics is that changing a birthday date does little to resolve any of the actual grievances and serves mainly as a public statement of severance.

The feud between Peter and Paul Okoye has now spanned multiple years, two official splits, a brief reunion, and a growing list of public accusations on both sides. November 30 is still months away. To see if the gesture will land as true liberation or just pettiness may depend entirely on where things stand by then.

Continue Reading

News

I Took Over From Myself’: Tinubu’s Claims that He and Buhari Are ‘One’

President Bola Tinubu addressed supporters on Wednesday night in a video that was equal parts pep talk and provocation, but it was one particular line that cut through everything else and set social media alight.

Speaking to the leadership and coordinators of his Renewed Hope Ambassadors, Tinubu pushed back against the criticism that his administration inherited and worsened an already broken economy.

His defence took an unexpected turn. “This economy, I didn’t have to look back because the truth is, I took over from myself,” he said. “The late Buhari is me, he was a partner, if I took over from him, is that not from myself? So, it’s wrong? Fine. Live with it, correct it, move on.

Nigerians online did not move on, at least not immediately. The comment, which appeared to collapse the distinction between his administration and Muhammadu Buhari’s, drew a flood of reactions ranging from genuine bewilderment to sharp mockery.

For critics who have spent two years arguing that Tinubu’s government is a continuation of the same policies that drove Nigeria into economic hardship, the president had essentially handed them their argument in his own words.

The broader address, shared to his official page at 10:38 pm alongside a roughly ten-minute video, was deliberately combative.

Tinubu took aim at the opposition, dismissing the recently held ADC convention as “a street convention” and its energy as mere “rascality.”

He warned that his government would not yield to noise or disobedience of court orders, while also promising supporters that standing with him would not be a decision they would regret.

At one point, he told the ambassadors, “That is why we have told you to renew their hope”, drawing laughter from the audience. He added that for those unwilling to embrace the hope on offer, they would simply provide “eyeglasses.” It was the kind of line that plays well in a room full of loyalists and poorly everywhere else.

The overall message he tried to convey was that he would not be retreating, would not be apologising, and was not particularly interested in critics.

Continue Reading
Advertisement

Recent Comments

Trending