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

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2 months ago

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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”.

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PENSION: IGP ORDERS INVESTIGATION INTO ALLEGATIONS IN VIRAL VIDEO TO ADDRESS CONCERNS; REASSURES OF COMMITMENT TO IMPROVED WELFARE

Published

8 hours ago

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June 26, 2025

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‎
‎PRESS RELEASE
‎PENSION: IGP ORDERS INVESTIGATION INTO ALLEGATIONS IN VIRAL VIDEO TO ADDRESS CONCERNS; REASSURES OF COMMITMENT TO IMPROVED WELFARE
‎
‎The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, has ordered a thorough investigation into the allegations raised in a viral video by a retired Superintendent of Police concerning the welfare and retirement benefits of police pensioners. The IGP has tasked the NPF Pensions Limited to urgently examine the claims, identify any possible lapses, and ensure that appropriate action is taken to address the concerns raised.
‎
‎The Nigeria Police Force is not insensitive to the plight of its pensioners, many of whom dedicated their lives to the service and safety of our nation. The IGP views the welfare of both serving and retired officers as a priority and recognizes that timely and adequate pension administration is crucial to sustaining morale and institutional integrity. While efforts have consistently been made to improve the pension system, the IGP acknowledges the importance of constructive feedback in prompting necessary reforms.
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‎The IGP therefore reassures all officers, both serving and retired, and their families of the Force’s commitment to improved welfare, and to building a system that honours their sacrifices. He urges stakeholders to remain calm and patient as the NPF Pensions carries out its investigations and engages relevant agencies to ensure lasting solutions.
‎
‎
‎ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI
‎FORCE PUBLIC RELATIONS OFFICER,
‎FORCE HEADQUARTERS,
‎ABUJA.
‎
‎26TH JUNE 2025.

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Taraba Assembly dismisses impeachment rumours, confirms Deputy Gov recuperating

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11 hours ago

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June 26, 2025

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The Taraba State House of Assembly has dismissed circulating rumours of an alleged plot to impeach the Deputy Governor, Aminu Alkali.
The House, also affirmed that Alkali is steadily recovering from an undisclosed illness.

Addressing journalists in Jalingo, the state capital, the Chairman of the House Committee on Information, Nelson C. Len, said the 24-member Assembly had no plans to replace Alkali with the current Deputy Speaker or any other individual.

Len described the rumours as baseless and misleading, urging the public to disregard any claims suggesting the Assembly is considering removing the deputy governor from office.

“The health situation of the deputy governor is not in any way comparable to that of the late former Governor Danbaba Suntai, who suffered fatal injuries from a plane crash. Alhaji Alkali is responding to treatment and recuperating well,” Len stated.

He further clarified that the House has not constituted any medical panel to assess Alkali’s health, insisting that there is no justification for such action at this time.

Alkali, who has been absent from public functions for more than nine months, was recently flown back to Nigeria from Egypt and is reportedly receiving medical care in a hospital in Abuja.

His extended absence, as noticed by Ekwutosblog, had fueled speculation about his condition and prompted concerns over a possible leadership vacuum.

However, the Assembly reassured citizens that there is no constitutional crisis and that the leadership of the state remains stable.

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Dangote Sugar, Oando, other stocks push NGX to N1.185tn gains

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12 hours ago

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June 26, 2025

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Oando, Dangote Sugar and other stocks have propelled Nigerian Exchange Limited, known as the Nigerian Stock Market, to a significant N1.185 trillion single-day gain.

Accordingly, NGX market capitalisation increased by 1.57 percent to reach N76.761 trillion, up from N75.576 trillion recorded on Tuesday.

Similarly, the All-Share Index (ASI) rose by 1,466.87 points, or 1.22 percent, settling at 121,257.69 from its previous close of 119,790.82.

Other stocks that fueled the bullish run on Wednesday are Cileasing, Champion Breweries, and 59 other stocks.

Consequently, Ekwutosblog reports that market breadth closed positive, with 63 gainers and 17 losers.

On the gainers’ table, Dangote Sugar rose by 10 percent, closing at N48.40, while Oando Plc also increased by 10 percent, settling at N68.75 per share. Then, Cileasing grew by 9.98 percent, finishing at N5.18, and Champion Breweries soared by 9.98 percent, ending the session at N10.91 per share.

 

Also, Computer Warehouse Group gained by 9.95 percent, closing at N11.60 per share.

Meanwhile, conversely, University Press dropped by 6.25 percent, finishing at N6.00, while RT Briscoe fell by 6.12 percent, closing at N2.30 per share.

Multiverse Mining declined by 4.89 percent, settling at N8.75, and Meyer shed 4.69 percent, ending the session at N9.15 per share.

In another level of analysis, a total of 861.67 million shares worth N26.18 billion were exchanged across 22,896 transactions.

This is compared to 868.68 million shares worth N23.71 billion that were traded across 22,207 transactions earlier.

Market data showed that transactions in the shares of Fidelity Bank topped the activity chart with 82.98 million shares worth N1.66 billion. Accordingly, Caverton Offshore Support Group followed with 64.18 million shares valued at N319.69 million, while Zenith Bank transacted 60.62 million shares worth N3.45 billion.

Also, Ja Paul Gold traded 56.26 million shares valued at N115.35 million, and Access Corporation sold 48.59 million shares worth N1.12 billion.

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