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
BUSINESS8 hours ago

Chinese Coy, N’Delta Interiors Unveil New Wall and Ceiling Cladding with PVC Board in Warri

FEATURED10 hours ago

All Set for Grand Inauguration of Newly Built NUJ Warri Correspondents Chapel’s Press Centre, on Fri.

ENTERTAINMENT21 hours ago

Police Escorts Risk Sanctions for Misconduct in Actress Angela Okorie’s Viral Street Jogging Video

FEATURED23 hours ago

Senato Nwoko Endorses Bill to Establish Drugs Rehabilitation Institute

COMMUNITY REPORT2 days ago

Delta Council Chair, Warri Resolves Protracted Boundary Dispute Between Emede and Olomoro (See Details)

OPINION2 days ago

THE NWOKO FACTOR, DOMINANT FORCE IN DELTA NORTH POLITICS

FEATURED2 days ago

PDP Heavyweights Meet INEC Leadership in Abuja

FEATURED2 days ago

Police Nabs Native Doctor with 2 Pump Action Guns in Delta

FEATURED2 days ago

Six Chinese to Spend One Year Each in Nigerian Prison for Cyber-terrorism, Internet Fraud in Lagos

COMMUNITY REPORT3 days ago

Isoko South Boss, Warri Flags off War against Illicit Drugs Abuse

FEATURED3 days ago

2027: Itsekiri Leaders, Stakeholders Unite, Endorse Tinubu, Oborevwori for Second Term

social media
OPINION3 days ago

SENATOR NED NWOKO’S BLUEPRINT FOR A UNITED, PROGRESSIVE NIGERIA

OPINION3 days ago

2027: WHY THE URHOBO NATION MUST ROOT FOR A RANKING SENATOR

FEATURED3 days ago

Warri Ward Delineation Crisis: ISOPLOT Fires Back at INYA, Says ‘You’ve Lost Your Voice to Speak for Isoko Youths’

FEATURED3 days ago

How NDLEA Nabbed Make-up Artist Going to India for Fibroid Surgery with 2.20kg Cocaine at MMIA

Advertisement
Advertisement