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The Federal High Court in Lagos on Tuesday ordered the forfeiture of three properties belonging to former Minister of Petroleum Resources Diezani Allison-Madueke’s ally Kola Aluko.
The Economic and Financial Crimes Commission gave the value of the properties located in Abuja and Lagos as $73m and N350m.
The EFCC gave the names of the properties as Plot 3389 and Plot 3390, House 2, Margaret Thatcher Close, Asokoro Cadastral Zone, Abuja as well as Avenue Towers, Plot 1391 Tiamiyu Savage Street, Victoria Island, Lagos.
The anti-graft agency said the Plot 3389 and Plot 3390 in Abuja were purchased for N350m and $18m, respectively. It said the Lagos property was bought for $55m.
The EFCC said the money used for the properties were reasonably suspected to be proceeds of unlawful activities.
Following an ex parte application on Tuesday, Justice Mohammed Liman ordered the properties temporarily forfeited to the Federal Government.
Lawyer for the EFCC, Rotimi Oyedepo, had told the judge that Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14 2016 empowered the court to make such a forfeiture order.
The Economic and Financial Crimes Commission gave the value of the properties located in Abuja and Lagos as $73m and N350m.
The EFCC gave the names of the properties as Plot 3389 and Plot 3390, House 2, Margaret Thatcher Close, Asokoro Cadastral Zone, Abuja as well as Avenue Towers, Plot 1391 Tiamiyu Savage Street, Victoria Island, Lagos.
The anti-graft agency said the Plot 3389 and Plot 3390 in Abuja were purchased for N350m and $18m, respectively. It said the Lagos property was bought for $55m.
The EFCC said the money used for the properties were reasonably suspected to be proceeds of unlawful activities.
Following an ex parte application on Tuesday, Justice Mohammed Liman ordered the properties temporarily forfeited to the Federal Government.
Lawyer for the EFCC, Rotimi Oyedepo, had told the judge that Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14 2016 empowered the court to make such a forfeiture order.
Oyedepo said, “The properties sought to be attached are reasonably suspected to be proceeds of an unlawful diversion from the Federal Government of Nigeria.
“That the respondent’s known and provable lawful income is far less than the properties sought to be forfeited to the Federal Government of Nigeria.”
An official of the EFCC, Sambo Mayana, said they investigated Aluko after receiving from Mr Debo Adeniran, the Executive Chairman of the Coalition Against Corrupt Leaders, “a damning intelligence report and a petition alleging fraud, a lack of transparency and unethical conduct in the transfer of production rights in the oil mining leases against the respondent and his cronies.”
He added, “That there are suspicious financial transactions involving the 1st respondent, KAA and Atlantic Energy Holding Limited based in the British Virgin Island.
“That the company, in the course of three years, received large suspicious transfers from two sister companies, namely: Atlantic Energy Drilling Concept Limited and Atlantic Energy Brass Development Limited based in Nigeria.”
After granting the forfeiture order, the judge directed the EFCC to publish it in a national newspaper.
He adjourned till November 12, 2019 for anyone interested in the properties to appear before him to show cause why they should not be permanently forfeited to the Federal Government. (Punch)
“That the respondent’s known and provable lawful income is far less than the properties sought to be forfeited to the Federal Government of Nigeria.”
An official of the EFCC, Sambo Mayana, said they investigated Aluko after receiving from Mr Debo Adeniran, the Executive Chairman of the Coalition Against Corrupt Leaders, “a damning intelligence report and a petition alleging fraud, a lack of transparency and unethical conduct in the transfer of production rights in the oil mining leases against the respondent and his cronies.”
He added, “That there are suspicious financial transactions involving the 1st respondent, KAA and Atlantic Energy Holding Limited based in the British Virgin Island.
“That the company, in the course of three years, received large suspicious transfers from two sister companies, namely: Atlantic Energy Drilling Concept Limited and Atlantic Energy Brass Development Limited based in Nigeria.”
After granting the forfeiture order, the judge directed the EFCC to publish it in a national newspaper.
He adjourned till November 12, 2019 for anyone interested in the properties to appear before him to show cause why they should not be permanently forfeited to the Federal Government. (Punch)
