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EFCC Hands over 14 Forfeited Properties to Enugu State

The Economic and Financial Crimes Commission, EFCC on Wednesday, April 24, 2024 handed over 14 properties initially forfeited to the Federal government and now ceded to the government and people of Enugu State.
The transfer of the properties to Enugu State governor, Dr Peter Mba was performed by the Executive Chairman of EFCC, Mr Ola Olukoyede at the corporate headquarters of the Commission.
Speaking before the brief handover ceremony, Olukoyede who disclosed that the road to the forfeiture dated back to 2007, stated that event spoke of the mutually beneficial relationship existing between the federal government and states.
“What we are witnessing today testifies to a symbiotic relationship that should exist between the federal government and the state governments. The essence of our meeting here today is for us to handover properties that were forfeited to the federal government, which of course belong to Enugu State people back to the people. It shows that governance can work in Nigeria. Our people deserve the benefits of good governance and that is what is being evidenced here today.
Speaking further, he said, “If you look at the history of this particular matter, it takes us back to 2007 when we started the prosecution. So we are looking at about 17 years since the matter has been on.
Eventually some of the properties were forfeited and since then, the EFCC has been managing those properties even though the titles of quite a number of the properties have been revoked by the Enugu State government. What we are witnessing here today is the official handing over of the properties to the people of Enugu State through His Excellency, Dr Peter Mba,” Olukoyede said.
Earlier in his remarks, Governor Ubah expressed gratitude for the handover and thanked the EFCC chair and the Commission for ensuring that the people of his state reclaimed their common patrimony.
“I would like to express my profound gratitude for the event we are witnessing today. The importance and significance of this event can never be lost on us and we do not also take it for granted. So I want to take this opportunity to convey my profound gratitude and deep appreciation to the chairman and members of the EFCC team that have brought us to where we are today.
This is a journey that began several years ago and we are marking a formal closure to that journey here today. A journey that saw the successful prosecution of certain companies in possession of assets belonging to the people of Enugu State”.
The governor who noted that the properties were forfeited not to his state but to the federal government expressed gratitude to President Bola Tinubu for making it possible for them to be returned to the government and people of Enugu State.
“Those assets were forfeited to the federal government. And this brings me to another gratitude that I want to convey here today. I want to acknowledge and recognize the important role played by the President, His Excellency Bola Ahmed Tinubu. Without the proactiveness and speed at which he acted on our request to cede these assets back to the people and government of Enugu State, we wouldn’t have been here today. So I want to thank him most sincerely for granting our request for these assets that were forfeited to the federal government to be ceded back to Enugu State.
He lauded Olukoyede’s initiatives at making the EFCC a strong institution and cautioned against attempts by some individuals to distract the Commission. “I will not end this remark without acknowledging the work the EFCC chairman is doing in strengthening this very important institution. It is important that we do not weaken our institutions. Whatever we do in governance is transient. So I want to commend him for the efforts he is making in ensuring that this very important institution, the EFCC is strengthened. Thank you very much for all the great work you and your team are doing and particularly for the effort that you have put in to make today a reality,” the governor stated.
The properties comprise houses, transmission equipment for radio and television stations, a building for medical operations, among others.
The forfeited properties were recovered from a former governor of Enugu State, Chimaroke Nnamani.
Justice Mohammed Yinusa of the Federal High Court, Lagos on July 8, 2015 convicted four companies associated with Nnamani and ordered that their properties be forfeited to the Federal Government.
The four companies are Rainbownet Nigeria Limited, Cosmos FM, Capital City Automobile Nigeria Limited and Renaissance University Teaching Hospital. The companies had on May 19, 2015 pleaded guilty to a 10-count amended charge brought against them by the EFCC.
Visit www.efcc.gov.ng for more stories
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Keyamo Makes Compassionate Moves in Aviation Sector, Announces Release of Emmanson, Reduction of Kwam 1’s Ban

The Minister of Aviation, Festus Keyamo, has announced a series of decisions regarding recent unruly passenger incidents at Nigerian airports. After consulting with stakeholders, Keyamo has decided to withdraw a criminal complaint against Ms. Comfort Emmanson, who was involved in an altercation with Ibom Air staff.
The complaint against Ms. Emmanson will be withdrawn, and she is expected to be released from Kirikiri Prisons.
The Airline Operators of Nigeria (AON) has agreed to lift the lifelong flying ban imposed on Ms. Emmanson.
The flight ban for musician Kwam 1 (Wasiu Ayinde Marshall) will be reduced to one month.
Kwam 1 is expected to be engaged as an ambassador for proper airport security protocol by the Federal Airports Authority of Nigeria (FAAN).
The Nigerian Civil Aviation Authority (NCAA) will restore the licenses of ValueJet pilots Captain Oluranti Ogoyi and First Officer Ivan Oloba after a one-month ban.
Minister’s Statement on X: Formerly Twitter
Keyamo stated that the decisions were made after reviewing the incidents and consulting with stakeholders.
He emphasized that safety and security in the aviation sector will be taken seriously, but also showed compassion in the cases of Emmanson and Kwam.
Keyamo had previously criticized Kwam 1’s behavior as “totally unacceptable” and likened it to a hostage situation
A retreat will be held next week to retrain aviation security personnel on handling errant passengers and de-escalating potentially explosive situations.
Airlines will also hold a session to focus on staff conduct and attitude towards passengers ².
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Court awards N5m in damages against Ecobank for account restriction

The Court of Appeal sitting in Owerri has delivered a landmark judgment affirming that Ecobank Nigeria Limited acted unlawfully in restricting a customer’s account without a court order.
It described the bank’s actions as a gross violation of customer rights and a breach of fiduciary duty.
The judgment arose from an appeal filed by Ecobank against a decision of the trial court, which had earlier ruled in favour of the Respondent, its customer, and awarded N10 million in general damages.
Justice Ntong Ntong, who delivered the lead judgment, agreed with the lower court’s findings but reduced the damages to N5 million, deeming the original sum excessive in light of the evidence presented.
In resolving the first issue, Justice Ntong emphasised that no bank has the power to freeze or restrict a customer’s account without a valid court order, regardless of internal policies or compliance procedures such as the Central Bank of Nigeria’s Know Your Customer, KYC, regulations.
The court held that while Ecobank claimed it acted under regulatory obligations after a $65,000 cash deposit raised red flags, it failed to demonstrate that such compliance required unilateral restriction of the account.
It cited relevant precedents, including FBN v. DKN Investments Ltd and GTB v. Joshua, to reinforce the principle that banking institutions must operate within the confines of the law, warning against the use of internal policies to override constitutional rights.
On the second issue, the appellate court found that Ecobank had no legal or contractual basis to assert a right of lien over $10,000 in the respondent’s account, which was allegedly owed to a foreign trading partner, Unique International Trading Ltd.
The bank had argued that it restricted the funds to protect itself from potential litigation threatened by the trading firm.
However, the court ruled that Ecobank’s reliance on the threat of legal action by a third party could not justify the exercise of any lien, especially in the absence of any contractual agreement or court order to that effect.
“Self-help has no place in the civilized world,” the court warned, rejecting the bank’s justification as “misconceived and untenable in law.”
On the final issue, it affirmed that Ecobank had breached its duty of care by unlawfully restricting access to the customer’s funds and dishonouring cheques.
However, it found no sufficient evidence to support the customer’s claim of lost business and goodwill due to the restriction.
Accordingly, the appellate court reduced the general damages from N10 million to N5 million, emphasising that while there was a breach warranting compensation, the initial sum was excessive.
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Oyo: Unregistered tanker loaded with 15,000 litres of AGO tumbles in Iseyin

A tanker without a registration number carrying fifteen thousand litres of Automotive Gas Oil (AGO) has tumbled in Iseyin in Oyo State.
Ekwutosblog gathered that the incident occurred at Odo-Igba, Iseyin – Saki Road in Iseyin, on Sunday.
The tanker was said to have lost control whilst on motion, swerved off the road and fell into a nearby ditch.
The accident reportedly caused a traffic gridlock but the Chairman of Oyo State Fire Service, Maroof Akinwande, who confirmed the incident in a statement said normalcy has been restored on the road.
“It was a trailer tanker with unknown registered no loaded with 15,000litres capacity of Automotive Gas Oil (AGO), that lost control whilst on motion and swerved off the road into a nearby ditch.
The firemen quickly swung into action and applied chemical foam compound to neutralize the flammability of the content and prevented it from explosion.
“The normal vehicular movement has been restored back on the road”.
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