• Contact Us
  • About Us
Thursday, September 11, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Kogi Govt To Forfeit Multibillion Naira Properties In Lagos, Abuja, Dubai

metro by metro
February 22, 2023
in News
0
Kogi Govt To Forfeit Multibillion Naira Properties In Lagos, Abuja, Dubai
0
SHARES
0
VIEWS

The Federal High Court sitting in Lagos has granted an order of interim forfeiture of 14 properties in Lagos, Abuja, and Dubai, the United Arab Emirates all linked to the Kogi State Government.

Justice Nicholas Oweibo granted the order following an ex parte application filed and argued by counsel to the Economic and Financial Crimes Commission (EFCC), Senior Advocate of Nigeria, Mr. Rotimi Oyedepo.

Read Also

Naira Strengthens To N1506/$, Best Level Since March

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues

While moving the application before the court this morning, Oyedepo informed the judge that the properties, including the one in the world’s tallest building Burj Khalifa in Dubai, UAE, were reasonably suspected to have been derived from unlawful activity.

According to Channels Television, Justice Oweibo also authorised the EFCC to confiscate the sum of N400million also linked to the state and recovered from one Aminu Falala.
ALSO READ:2023 Elections: FG Aware Of Plots To Use Naira Scarcity To Ignite Civil Unrest, Says NSA
Oyedepo further told the court that the N400m was reasonably suspected to have been derived from unlawful activity “and intended to be used for the acquisition of Plot No. 1224 Bishop Oluwole Street, Victoria Island, Lagos.”

The judge also directed the (EFCC) to publish the order within 14 days for any interested party to show cause why the forfeiture order should not be made permanently.

Previous Post

2023 Elections: FG Aware Of Plots To Use Naira Scarcity To Ignite Civil Unrest, Says NSA

Next Post

Supreme Court Adjourns Naira Redesign Case Against Buhari’s Government Till March 3

Related Posts

Naira
News

Naira Strengthens To N1506/$, Best Level Since March

September 11, 2025
Report Alleges Shortcomings Of Proposed Tax Reform Bills
News

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

September 8, 2025
NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues
News

NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues

September 6, 2025
DC Attorney General Sues Trump For National Guard Deployment
News

DC Attorney General Sues Trump For National Guard Deployment

September 4, 2025
Next Post
Supreme Court Adjourns Naira Redesign Case Against Buhari’s Government Till March 3

Supreme Court Adjourns Naira Redesign Case Against Buhari’s Government Till March 3

Disquiet As Nigeria’s Naval Chief Disputes NNPCL, Petroleum Ministry’s Oil Theft Figures

Ex- NNPCL GMD, Kyari Leaves EFCC HQs After Questioning

September 11, 2025
NATO Scrambles Jets To Shoot Down Russian Drones In Poland, Raising Fears Of War Spillover 

NATO Scrambles Jets To Shoot Down Russian Drones In Poland, Raising Fears Of War Spillover 

September 11, 2025
Report Alleges Shortcomings Of Proposed Tax Reform Bills

FG Publishes New Tax Reform Laws, NRSEA, JRBEA Implementation From June, ’25, NTA, NTAA For Jan, ’26

September 11, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version