• Colors: Cyan Color

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Economic and Financial Crimes Commission, EFCC, on Monday, November 21, 2022, secured the final forfeiture of the sum of N775,000,000.00, (Seven Hundred and Seventy-five Million Naira), and three properties located at No. 8 Ajay Crowther Street, Asokoro, Abuja; a Plot of land at Plot 1960 Cadastral Zone A05 Maitama District, FCT, Abuja; a Hotel which is under construction with generating set, located at Plot 621, Road 37, Gwarimpa, FCT, Abuja and a twin 4 bedroom duplex with guard quarters located at Plot 736, 7th Avenue Gwarimpa, FCT, Abuja, before Justice D.U. Okorowo of the Federal High Court, Abuja.

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) last Friday, commenced the process of disposal of assets forfeited to the Federal Government in line with the Proceeds of Crime (Recovery and Management) Act (POCA), signed into law by President Muhammadu Buhari on the 12th of May, 2022, with a bid opening to select auctioneers.

  • * Moves To Facilitate Consultations With Regional Banks To Establish Escrow Accounts

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

An extended Common African Position on Asset Recovery (CAPAR) Working Group, with more African Union (AU) member-states including Nigeria, Democratic Republic of Congo (DRC), Malawi and Senegal, has joined pan-African institutions mandated by the AU Assembly to actively further the implementation of CAPAR.

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Economic and Financial Crimes Commission, (EFCC), received with shock, report of the ruling by Justice Chizoba Oji of a High Court of the Federal Capital Territory (FCT) in Maitama, Abuja committing the Executive Chairman for contempt over the failure to comply with a November 21st, 2018 order of the court directing the Commission to return seized assets comprising a Range Rover (Super charge) and the sum of N40, 000,000.00 (Forty Million Naira) to the applicant.

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