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EFCC ask court to give order for the forfeiture of $73 million assets traced to Alison Madueke

THE Economic and Financial Crimes Commission (EFCC) has traced belongings value $73million and N350 million to Mr. Kola Aluko, an affiliate of a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.

The fee has requested two separate courts in Abuja and Lagos to provide order for the everlasting forfeiture of the unique mansions to the Federal Government.

The properties are Plot 3389 and Plot 3390, House 2, Margaret Thatcher Close, Asokoro Cadastral Zone, Abuja; in addition to Avenue Towers, Plot 1391, Tiamiyu Savage Street, Victoria Island, Lagos.

The EFCC mentioned Plot 3389 and Plot 3390 in Abuja had been bought for N350 million and $18 million, respectively, whereas the Lagos property was purchased for $55million.

The fee can also be searching for the ultimate forfeiture of an $18 million mansion it has traced to Aluko earlier than a Federal High Court, Abuja

The EFCC mentioned the Abuja selection property, “very near the seat of energy on the Presidential Villa, is made up of a Guest House, Boys Quarters, Security Outpost, Swimming Pool and Underground Control Room for the distant management {of electrical} home equipment within the property.

“The property is said to be furnished with luxury and very expensive items.”

Following a courtroom order by Justice Okon Abang, the selection property and 5 others had been briefly forfeited to the Federal Government in 2016.

The courtroom has given Aluko and others linked with the property until December 11 to show their innocence that the belongings weren’t purchased with illicit funds.

Aluko has a chance to show to the Federal High Court in Abuja that the $18 million selection property and different intellectual properties weren’t acquired by means of proceeds of crime.

The different 5 selection properties which might be briefly forfeited to the Federal Government embrace Plot 1390 Tiamiyu Savage, Victoria Island, Lagos and Plot 1391, Tiamiyu Savage, Victoria Island, popularly referred to as Avenue Towers.

But, two candidates, Trelou Investment Inc and RMCK Projects Development Ltd, have filed functions, difficult the interim forfeiture orders on the grounds that they’re events on the matter.

The candidates are asking the courtroom to discharge the interim forfeiture order.

The EFCC has filed preliminary objections towards the candidates, saying they lack the locus standi to file the matter.

When the matter got here up final Friday, lawyer to the EFCC, Victor Ukagwu, mentioned the fee had pending functions, together with the one dated October 16, 2018.

He additionally knowledgeable the courtroom that the fee had filed counter- affidavit, written tackle and preliminary objection towards the candidates

Ukagwu mentioned: “There is no nexus between the applicants and the reliefs sought.”

He insisted that the candidates usually are not the rightful homeowners of the properties and didn’t disclose any reason for motion towards the EFCC.

Aluko’s lawyer, Jaiye Aguro, and that of the candidates, Ahmed O Ahmed, additionally knowledgeable the courtroom that there have been pending functions by their shoppers dated November 9, 2018 and March 12, 2019.

They additionally urged the courtroom to grant their shoppers’ functions and put aside the interim forfeiture order towards the selection properties.

Having listened to the argument of each events and the required paperwork earlier than the courtroom, Justice Abang mounted December 11 for his ruling on all of the functions.

A Federal High Court sitting in Lagos yesterday ordered the forfeiture of three landed properties in Lagos and Abuja belonging to Aluko.

Justice Mohammed Liman made the order, following an ex parte movement filed by EFCC counsel, Rotimi Oyedepo.

The EFCC recognized Aluko because the Chief Executive Officer of Atlantic Energy Drilling Concept Ltd (AEDC) and Atlantic Energy Brass Development Limited (AEBD).

His co-defendant is a agency, District Heights Ltd.

The anti-graft company mentioned the properties had been valued at $73 million and N350 million

The properties are: Plot 3389 and Plot 3390, House 2, Margaret Thatcher Close, Asokoro Cadastral Zone, Abuja; in addition to Avenue Towers, Plot 1391, Tiamiyu Savage Street, Victoria Island, Lagos.

The EFCC mentioned Plot 3389 and Plot 3390 in Abuja had been bought for N350m and $18 million, respectively, whereas the Lagos property was purchased for $55million.

According to the company, the funds used to obtain the properties had been fairly suspected to be proceeds of illegal actions.

Oyedepo informed the decide that Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14 2016 empowers the courtroom to make such a forfeiture order.

He mentioned: “The properties sought to be hooked up are fairly suspected to be proceeds of an illegal diversion from the Federal Government of Nigeria.

“The respondent’s known and provable lawful income is far less than the properties sought to be forfeited to the Federal Government of Nigeria,” the lawyer mentioned within the software.”

In the hooked up sworn affidavit, an operative of the EFCC, Sambo Mayana, mentioned the anti-graft company investigated Aluko after receiving a petition from the Executive Chairman of the Coalition Against Corrupt Leaders (CACOL), Mr. Debo Adeniran.

He mentioned it was “a damning intelligence report and a petition alleging fraud, lack of transparency and unethical conduct within the switch of manufacturing rights within the oil mining leases towards the respondent and his cronies.

He added: “That there are suspicious monetary transactions involving the first respondent, KAA and Atlantic Energy Holding Limited based mostly within the British Virgin Island.

“That the corporate, in the midst of three years, obtained massive suspicious transfers from two sister firms, specifically: Atlantic Energy Drilling Concept Limited and Atlantic Energy Brass Development Limited, based mostly in Nigeria.

“The respondent and his crony, Olajide Jones Omokore, are the operators and helpful homeowners of the Atlantic Energy firms talked about above, together with Atlantic Energy DMCC and Atlantic Energy SA.

“That the first respondent is a close crony of the erstwhile Minister of Petroleum Resources Mrs. Diezani Alison Madueke.”

After granting the applying, Justice Liman directed the EFCC to publish the order in a nationwide newspaper.

He adjourned until November 12 for anybody within the properties to seem earlier than him to point out trigger why they shouldn’t be completely forfeited to the Federal Government.

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