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
FEATURED13 hours ago

PDP Leaders in Delta Warn Members Against Joining APC, Affirm No Other Party Exists in Ovwian Ward 7

FEATURED14 hours ago

Midterm Review: Sen. Nwoko Releases Blow-by-blow Account of People-centered Achievements

FEATURED15 hours ago

Robbery Suspects Killed in Gunfight As Delta Police Recovers Firearms, Stolen Motorcycle

ANRPM
FEATURED1 day ago

Two Years in Office: ANRPM Lauds President Tinubu on Sectorial Achievements

FEATURED1 day ago

Gateway Games 2024: Sen. Nwoko Hails Team Delta Over Outstanding Performance

FEATURED2 days ago

EFCC Re-arraigns Bishop, Other Fadama Society Executives for Alleged ₦178m Fraud in Jos

FEATURED2 days ago

Courts Jail 32 Internet Fraudsters In Benin

NEWS2 days ago

Two Years in Office: We’ve Empower 266,737 Deltans Under Our Social Intervention Programmes – Oborevwori

Delta Politician
FEATURED2 days ago

Delta NUJ Slams Gov. Oborevwori For ‘Running Away From Media Interaction’ After Two Years in Office

BUSINESS2 days ago

Governor Oborevwori Announces Delta’s MoU with UK Firms on Blue Carbon Partnership

FEATURED2 days ago

‘You’ve Shown Leadership Committed to National Interest’ – Sen. Nwoko Hails President Tinubu on 2nd Anniversary

NEWS3 days ago

Elumelu Hails Gov. Oborevwori on Administration’s 2nd Anniversary

FEATURED3 days ago

Official Reveals How Former CBN Governor, Emefiele Received $17.1m Cash

social media
FEATURED3 days ago

‘The Journey Continues’ – Sen. Nwoko on Successful Public Hearing on Bill to Upgrade Asaba Tech College

State of the State Address
FEATURED3 days ago

‘Here’s My Stewardship’—Gov. Oborevwori Presents ‘State of the State Address’ to Delta Assembly to Mark Two Years in Office

Advertisement
Advertisement