Connect with us

News

Lagos: Court grants EFCC’s request for permanent forfeiture of suspect property

Published

on

The Federal High Court sitting in Ikoyi, Lagos, on Friday ordered the final forfeiture of a property suspected to have been acquired with proceeds from unlawful activities.

Vacation judge, Justice Deinde Dipeolu, ruled that the property, situated at 26 Tolu Road, Olodi Apapa, within Ajeromi-Ifelodun Local Government Area of Lagos State, be permanently forfeited to the Federal Government of Nigeria.

The order followed a motion on notice filed by the Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, represented by its counsel, Hannatu Kofarnaisa.

In January 2025, the court had initially granted an interim forfeiture of the property and directed that the order be published in a national newspaper to allow any interested parties to appear and show cause why the property should not be permanently forfeited.

During Friday’s proceedings, Kofarnaisa informed the court that no objections had been filed within the 14-day period provided after the publication, thereby paving the way for the final forfeiture.

The application was further supported by an affidavit sworn by Gyal Maina Gapani, an EFCC operative.

After reviewing the submissions, Justice Dipeolu found merit in the EFCC’s application and granted an order for the permanent forfeiture of the property to the Federal Government of Nigeria, in favour of Sterling Bank Plc.

In the affidavit, Gapani had stated, “that the Commission on the 18th day of July 2022, received a petition from Sterling Bank PLC bothering on criminal conversion of funds and stealing of funds belonging to the bank wherein an unauthorized transfer of huge sums of money was done.
“The petitioner alleged that the unauthorized transfer of funds was due to a system glitch in the bank wherein the total sum of N295.916,201.02 (Two Hundred and Ninety Five Million, Nine Hundred and Sixteen Thousand, Two Hundred and One Naira Two Kobo) was stolen by some customers of the bank and same converted to their own personal use.

“That as of the time the said customers allegedly stole the said sum, they do not have a corresponding sum in their accounts.

“That the alleged sum was stolen via PayAttitude Global Limited, which is an e-bank wallet and a payment scheme of the Sterling Bank Plc.

“That the commission wrote a letter to Pay Attitude Global LTD and they responded vide a letter dated 17th March 2023 forwarding the payment transaction scheme of the said Ojora Sulaimon Kehinde.

“Preliminary investigations revealed that due to the system glitch, one of the suspects, by name Ojora Sulaimon Kehinde, criminally converted the total sum of N89,000,000 (Eighty Nine Million Naira) belonging to Sterling Bank PLC.

“That in a bid to launder and fraudulently conceal the said sum, he transferred a substantial part of the said sum to his wife, Aminat Olatanwa Ojora, vide her bank account number domiciled with Sterling Bank PLC.

“That as at the time the said Ojora Sulalmon Kehinde transferred the said monies to the account of Aminat Olatanwa Ojora, his wife, using the PayAttitude platform to be used for the purchase of the property now sought to be forfeited.

“That the said Ojora Suleimon Kehinde did not have the corresponding sum in his account as at the time he transferred the monies to his wife.

“That the said Ojora Sulaimon Kehinde procured his wife to transfer the sum of 17,000,000 (Seventeen Mlilion Naira) to one Chuksy Odozy Osazuwa account number domiciled in Zenith Bank Plc for the purchase of a property situate and located at No 26. Tolu Road, Olodi Apapa, Ajeromi Ifelodun Local Government Area of Lagos State, now sought to be forfeited”.

“That Ojora Sulaimon Kehinde procured his brother Muritala Sulaimon Kehinde to front for him in the purchase and execution of the deed of assignment for the purchase of the said property situated and located at No 26. Tolu Road, Olodi Apapa, Ajeromi Ifelodun Local Government Area of Lagos State, now sought to be forfeited”.

News

PRESIDENT TINUBU’S TRIBUTE TO CENTENARIAN ALHAJI TANKO YAKASAI

Published

on

Of the noble men and women who stood firm for our liberty and freedom from repressive colonial subjugation, Alhaji Tanko Yakasai is the last man standing. Born a hundred years ago in Kano City, Alhaji Yakasai exemplifies a purposeful life, carving out a meaningful legacy despite humble beginnings.

Disturbed by the injustice and maltreatment he witnessed under colonial rule, he chose to join the fight for Nigeria’s liberation. As a young man, Baba Yakasai channelled his energy into the struggle for the emancipation of his people and the rest of the country as a freedom fighter, journalist, and frontline political activist.

His activism led him to join hands with comrades in the Northern Elements Progressive Union (NEPU), led by the visionary radical Mallam Aminu Kano. Through NEPU, Yakasai and his co-travellers launched a massive awakening campaign in Northern Nigeria, igniting the fire for the Independence struggle.

In the aftermath of Nigeria’s Independence in 1960, Yakasai maintained an abiding faith in the country and its development. He played several significant roles, including serving as State Commissioner in Kano under Military Governor Audu Bako and as Special Assistant on National Assembly Liaison to President Shehu Shagari during the Second Republic.

In both youth and old age, Yakasai remains a shining example of commitment to Nigeria. He is a consensus builder who consistently weighs in on the side of national cohesion, peaceful coexistence, and democratic consolidation.

In celebrating Baba Yakasai today, I am not only celebrating the man and his personal achievements, but also a century of dedicated service to freedom and democracy and many years of supporting me and the progressive cause.

I am pleased to join family, friends and associates to celebrate the life and commitment of Alhaji Tanko Yakasai as he turns 100 on December 5.

President Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief
Federal Republic of Nigeria
December 4, 2025

 

Continue Reading

Business

Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress

Published

on

Former British Prime Minister Boris Johnson has expressed confidence in Nigeria’s security, saying he feels perfectly safe during his visit to the country. His remarks come amid ongoing reports of insecurity in various parts of Nigeria, making his statement a notable endorsement of the nation’s stability in certain regions.

Johnson made the declaration on Thursday, December 4, 2025, while addressing participants at the Imo State Economic Summit 2025 in Owerri, the state capital. He acknowledged having read travel advisories and news reports highlighting security concerns prior to his trip but said his experience has been reassuring.

He said he feels perfectly safe in the country and emphasized that the summit environment and local hospitality contributed to his sense of security. He also asked the audience if they felt safe, receiving an enthusiastic affirmation.

During his visit, Johnson commended Governor Hope Uzodimma and the Imo State Government for their development initiatives, particularly efforts to provide 24-hour electricity. He highlighted the potential of Nigeria as a hub for innovation and economic growth, noting the opportunities presented by emerging technologies such as artificial intelligence.

While his statements have been welcomed by some as a boost to international confidence in Nigeria, analysts caution that the former prime minister’s experience reflects only a controlled and secure environment within Imo State. Several parts of the country continue to face challenges, including banditry, communal conflicts, and kidnappings.

Nonetheless, Johnson’s visit and remarks are significant, sending a positive message to investors and global observers about Nigeria’s potential for stability and progress. They also underscore the contrast between localized experiences of safety and broader security challenges across the country.

Continue Reading

Business

Dangote to Uzodimma: Just show me where to invest

Published

on

Dangote

By Emmanuel Iheaka, OWERRI

The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.

Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.

The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.

Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.

“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.

He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.

“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.

Dangote reiterated that his refinery was set to launch 1.4 million barrels per day capacity, the highest for any single refinery in the world.

Continue Reading

Trending