Connect with us

METRO

How Foreign Entities Helped EFCC Exposed Ekweremadu’s Several Properties In UK, US, Dubai

Published

on





More details have emerged how some foreign entities on suspicion of money laundering involving the acquisition of several properties in United Kingdom, Dubai and the United States of America through proxies and unregistered companies, helped the Economic and Financial Crimes Commission (EFCC), exposed the former Deputy Senate President, Sen. Ike Ekweremadu.

www.bigpenngr.com reports that EFCC had on the 4th day of November, 2022, secured the nod of a Federal High Court sitting in Abuja to publish an order of interim forfeiture of 40 landed properties belonging to Ekweremadu.

Justice Inyang Ekwo granted the order while ruling on a motion exparte brought by the EFCC in Suit No.FHC/ABJ/CS/1242/2022.

Advertisement

The Commission had approached the court for an Order of interim forfeiture of the said properties which “are subject matters of investigation, enquiry and examination by the EFCC. which are reasonably suspected to be the proceeds of unlawful activity of money laundering committed by the respondents”.

It also added that there was need “to preserve the properties from dissipation by the respondents”.

The said application was brought pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.

Advertisement

In a short ruling on the exparte motion, the Judge granted the application, ordering the EFCC to publish the interim forfeiture order of the properties in a national daily within seven days from the date the Order was given.

Persons interested in the properties covered by the interim forfeiture order are expected to, within 14 days of the publication of the Order, show cause why the assets should not be permanently forfeited.

Justice Ekwo adjourned till December 5, 2022, for a report.

Advertisement

Afeez Mustapha, an investigator with the EFCC, in a supporting affidavit to the application, disclosed that the Commission commenced investigation of Ekeremadu following intelligence received from some foreign entities on suspicion of money laundering involving the acquisition of several properties in United Kingdom, Dubai and the United States of America through proxies and unregistered companies.

The schedule of properties attached to the forfeiture application listed properties allegedly acquired by Ekweremudu with funds not supported by his legitimate income to include, among others, a London property at Flat 4, Varsity Court, Hormer Street ( WIH4NW) which was acquired on December 4, 2008 for £830,000; three properties in Florida, United States, one of which was purchased for $155,000 USD; a property on approximately 3000 square meter parcel of land consisting of 7 bedroom detached Boys Quarters, swimming pool, enclosed 3 car garage with roller shutter doors, gate house and generator house at No.6 Ilado Close, Ikoyi, Lagos bought for N630million on August 8, 2015; three blocks of six flats each, totaling 18 luxury flats at Plot 904 Durumi, Abuja acquired for N700million and Four Rootown House at Villa No. 148 Maeeni the Lahes Emirate Hill Dubai valued at $250,00 USD.

 

Advertisement
OPINION11 hours ago

MY UNFORGETTABLE ROBBERY EXPERIENCES IN LONDON AND BRUSSELS, BY ENYINNAYA APPOLOS

FEATURED24 hours ago

Tinubu Weighs In on Police Pension Saga, Orders Free Healthcare for Low-Income Retirees

FEATURED1 day ago

EFCC Chair Blows Hot, Slams Online Portal 48-Hour Deadline to Apologize or Face Lawsuit Over Report of ‘Forced Abduction, Resignation’ of NNPCL GCEO

FEATURED2 days ago

Drug Trafficking: Couple Bag 22 Years Jail Terms as Indian lady, Angolan Bizman, 1 Other to Send 21 Years in Prison

Anioma State
OPINION2 days ago

NED NWOKO: EMPOWERING UNPRECEDENTED CHANGE IN DELTA NORTH, BY EMMANUEL EBOH

NEWS2 days ago

Senator Nwoko Vows Greater Support for Women’s Sports, Hosts AfroBasket Champions D’Tigress

FEATURED2 days ago

Police Arrests Four Female for Illegal Drugs, 211 Other Suspects in Delta

international fraud ring
FEATURED3 days ago

Court Orders Interim Forfeiture of Lagos Property over N986m Diesel Supply Fraud

FEATURED3 days ago

Trump Administration Introduces $15,000 Visa Bonds to Curb Overstays

BUSINESS3 days ago

What MSMEs Need to Know as BOI Disburses N900m to 262 Loan Applicants in FCT

COMMUNITY REPORT3 days ago

Warri South Council Boss Rewards, Decorates 3 Teenagers as Ambassadors for Academy, Career Excellence

Peter Black
FEATURED4 days ago

EFCC Confirms Petition To Probe NNPCL Boss, Ojulari for ‘Fraud’ Amid Resignation Rumour

FEATURED5 days ago

Nwoko Ad-hoc C’ttee Seeks Strategic Local, Global Partnerships to Combat Oil Theft

COMMUNITY REPORT5 days ago

Bel Media Launches ‘Bel Dialogue’ to Mark Ndokwa Reporters at 12

BUSINESS6 days ago

Dangote Names ex-Shell Executive as New CEO

Advertisement
Advertisement