• Contact Us
  • About Us
Tuesday, September 15, 2026
  • 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

Houthi Advance In Yemen Puts U.S. In New Bind

Seek Political Power, NLC Urges Labour Leasers

Twenty-five Years After September 11, Americans Reflect On Attack That Changed Nation

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

Houthi Advance In Yemen Puts U.S. In New Bind
News

Houthi Advance In Yemen Puts U.S. In New Bind

September 12, 2026
Seek Political Power, NLC Urges Labour Leasers
News

Seek Political Power, NLC Urges Labour Leasers

September 12, 2026
Twenty-five Years After September 11, Americans Reflect On Attack That Changed Nation
News

Twenty-five Years After September 11, Americans Reflect On Attack That Changed Nation

September 12, 2026
Devastating Rainstorm Wreaks Havoc In Isua Akoko
News

Devastating Rainstorm Wreaks Havoc In Isua Akoko

September 11, 2026
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

Thales Alenia Space wins NIGCOMSAT contract to build NigComSat-2A geostationary satellite

September 14, 2026
Houthi Advance In Yemen Puts U.S. In New Bind

Houthi Advance In Yemen Puts U.S. In New Bind

September 12, 2026
FG Insists King’s College Not Sold As Education Unions Suspend Resumption Nationwide

FG Insists King’s College Not Sold As Education Unions Suspend Resumption Nationwide

September 12, 2026
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