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Court Grants Fayose Bail

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Bail

Former Governor of Ekiti state, Ayodele Fayose has been granted bail.

Justice Mojisola Olatoregun of the Federal High Court Ikoyi granted Fayose a N50 million bail.

Fayose who has been in prison custody after his first appearance in the court on Monday October 22nd,  but found a way out of jail this morning after the court heard his application.

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The court also demanded that the surety he would present must have three years tax clearance and he must also depost his International Passport with the court.

The Economic and Financial Crimes Commission (EFCC) had arraigned Fayose on an 11-count charge bordering on misappropriation of funds while he was in office.

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ICPC Declares Obono-Obla Wanted

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Okoi Obono-Obla

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has declared the former chairman of the Special Investigation Panel for the Recovery of Public Property (SPIP), Okoi Obono-Obla, wanted.

The agency, The Cable reported on Tuesday, said that it took the decision because of Obono-Obla’s “repeated failure to appear before it to answer questions bordering on allegations of fraud and corruption.”

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Court Grants FG Request For Interim Forfeiture Of Maina’s 23 Properties

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Maina

A Federal High Court sitting in Abuja has granted an order of interim forfeiture of 23  properties belonging to Abdulrasheed Maina.

Justice Folashade Giwa-Ogunbanjo gave the order on Tuesday, October 22, after hearing an exparte application filed by the Economic and Financial Crimes Commission.

Maina was the Chairman of the defunct Pension Reform Task Team.

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The court also made an order directing the publication of the Interim Order of Forfeiture in any national daily newspaper inviting any person(s) or body(ies) who may have interest in the assets and properties listed in the schedule to show cause, within 14 days of such publication, why a Final Order of forfeiture to the Federal Government of Nigeria of the said assets and properties should not be made.

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The exparte motion was moved by M.S Abubakar.

It was brought pursuant to section 17(1) and (3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.

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Court Orders Forfeiture Of Saraki’s Ikoyi Properties

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Trouble

A Federal High Court sitting in Lagos has ordered the temporary forfeiture of two properties of Bukola Saraki, a former Senate President of Nigeria.

The properties are located at 17A McDonald Road, Ikoyi, Eti Osa local government, Lagos state.

Nnaemeka Omewa,  counsel to the Economic and Financial Crimes Commission ( EFCC), had approached the court, seeking an order of interim forfeiture of the properties.

According to Omewa, they were acquired through “proceeds of unlawful activities”.

Part of the reliefs sought by the EFCC included “An order of this honourable Court forfeiting to the Federal Government of Nigeria landed property with appurtenances situate, lying and known as No. 17A McDonald Road, Ikoyi, Eti Osa Local Government Area of Lagos State found and recovered from the respondent which property is reasonably suspected to have been acquired with proceeds of unlawful activity”.

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According to the commission, while serving as governor of Kwara state, Saraki allegedly withdrew over N12 billion cash from the account of the Kwara government and paid the same into his accounts domiciled in Access and Zenith Banks through one of his personal assistant, Abdul Adama.

Delivering ruling on the application, Mohammed Liman, the presiding judge, ordered interim forfeiture of the two properties.

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He also instructed that the EFCC should publish the order in a national newspaper within 14 days, for anyone with interest in the properties to show cause, why they should not be finally forfeited to the federal government.

Recall that the federal government had arraigned Saraki at the Code of Conduct Tribunal (CCT) while he was Senate President.

He was accused of failing to declare his assets, an allegation he denied, before the supreme court subsequently dismissed the false assets declaration trial.

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