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EFCC Makes Single Largest Asset Recovery till Date

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EFCC Makes Single Largest Asset Recovery till Date

EFCC Makes Single Largest Asset Recovery till Date

Justice Jude Onwuegbuzie, on Monday, December 2, 2024 gave a ruling on a final forfeiture of an estate in Abuja measuring 150,500 square metres and containing 753 Units of duplexes and other apartments. This is the single largest asset recovery by the Economic and Financial Crimes Commission, EFCC, since its inception in 2003. The Estate rests on on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja

The forfeiture of the property to the federal government by a former top brass of the government was pursuant to EFCC’s mandate and policy directive of ensuring that the corrupt and fraudulent do not enjoy the proceeds of their unlawful activities. In this instance, the Commission relied on Section 17 of the Advance Fee Fraud And Other Fraud Related Offences Act No 14, 2006 and Section 44 (2) B of the Constitution of the 199 Constitution of the Federal Republic of Nigeria to push its case.

Ruling on the Commission’s application for the final forfeiture of the property, Justice Onwuegbuzie held that the respondent have not shown cause as to why he should not lose the property, “which has been reasonably suspected to have been acquired with proceeds of unlawful activities, the property is hereby finally forfeited to the federal government.”

The road to the final forfeiture of the property was paved by an interim forfeiture order, secured before the same Judge on November 1, 2024. The government official which fraudulently built the estate is being investigated by the EFCC. The forfeiture of the asset is an important modality of depriving the suspect of the proceeds of the crime.
The justification for the forfeiture is derived from Part 2, Section 7 of the EFCC Establishment Act, which stipulates that the EFCC “has power to cause investigations to be conducted as to whether any person, corporate body or organization has committed any offence under this Act or other law relating to economic and financial crimes and cause investigations to be conducted into the properties of any person if it appears to the Commission that the person’s lifestyle and extent of the properties are not justified by his source of income.”
The Commission’s Executive Chairman, Mr. Ola Olukoyede, has repeatedly described asset recovery as pivotal in the fight against corruption, economic and financial crimes and a major disincentive against the corrupt and the fraudulent.
Addressing members of the House of Representatives Committee on Anti-corruption recently, he said, “If you understand the intricacies involved in financial crimes investigation and prosecution you will discover that to recover one billion naira is war. So, I told my people that the moment we start investigation we must also start asset tracing because asset recovery is pivotal in the anti-corruption fight; and one of the potent instruments that you can deploy as an anti-corruption agency for an effective fight is asset tracing and recovery. If you allow the corrupt or those that you are investigating to have access to the proceeds of their crime, they will fight you with it. So one of the ways to weaken them is to deprive them of the proceeds of their crime. So, our modus operandi has changed simultaneously. The moment we begin investigation, we begin asset tracing. That was what helped us to make our recoveries.”

The Establishment Act of the Commission places huge emphasis on asset recovery. Subject to the provisions of Section 24 of the Act, “whenever the assets and properties of any person arrested under the Act are attached, the Commission shall apply to the court for an interim forfeiture and where a person is arrested for an offence under the Act, the Commission shall immediately trace and attach all the assets and properties of the person acquired as a result of such economic and financial crime and shall thereafter cause to be obtained an interim attachment order from the Court. And where the assets or properties of any person arrested for an offence under the Act has been seized or any assets or property has been seized by the Commission under the Act, the Commission shall cause an application to be made to the Court for an interim order forfeiting the property concerned to the Federal Government and the court shall, if satisfied that there is prima facie evidence that the property concerned is liable to forfeiture, make an interim order forfeiting the property to the Federal Government, which the Commission would usually escalate to earn a final forfeiture”.

This procedure was duly followed in this respect. The recovery of the asset represents a milestone in the annals of operations of the EFCC and infallible proof of the commitment of President Bola Ahmed Tinubu to the anti-corruption war.

Dele Oyewale
Head, Media & Publicity
December 2, 2024

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Police Officers Detained as Family Property Dispute Sparks Demolition Controversy in Lagos

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Police Officers Detained as Family Property Dispute Sparks Demolition Controversy in Lagos By Ifeoma Ikem

Police Officers Detained as Family Property Dispute Sparks Demolition Controversy in Lagos

By Ifeoma Ikem

 

A property dispute within the Omotayo-Ojo family has taken a dramatic turn following a controversial demolition exercise at a residential building in Ikosi-Ketu, Lagos State, which reportedly left tenants displaced and led to the detention of some police officers allegedly involved in the operation.

 

 

The property, located at 23B Loveall Street, Ikosi-Ketu, has been the subject of a prolonged ownership tussle since the death of its owner, Chief Oludola Omotayo Ojo, the Babaalaje of Imesi-Ile, Osun State, in 2019.
Residents said tension erupted when a group of individuals, accompanied by security operatives, stormed the premises and commenced demolition activities.

 

 

According to eyewitnesses, portions of the building were pulled down while tenants rushed to salvage their belongings from affected apartments.

 

 

The residents alleged that windows, doors and roofing sheets were damaged during the exercise, exposing parts of the building to the elements and causing significant losses to occupants.

 

 

At the centre of the dispute is Mrs Mojisola Omotayo Ojo Alolagbe, who claimed that the property was allocated to her by her late father during his lifetime as a source of financial support.

 

She alleged that some family members had persistently challenged her ownership claim despite ongoing legal proceedings relating to the administration of the deceased’s estate.
Alolagbe further claimed that the latest incident was part of a series of attempts to wrest control of the property, citing previous cases of alleged vandalism and partial demolition in November 2025, January 2026 and February 2026.

 

 

The situation escalated further when reports emerged that police officers allegedly involved in the demolition were later apprehended and conveyed in a Black Maria vehicle over questions surrounding the legality of their participation in the operation.

 

Sources familiar with the matter said those behind the demolition had initially claimed to be acting on approval from the Lagos State Ministry of Lands. However, the authenticity and extent of such approval could not be independently verified as of the time of filing this report.

 

 

The development has generated concern among residents and community members, who questioned the involvement of security personnel in what they described as a civil matter.

 

 

Some tenants, who said they had recently renewed their tenancy agreements, lamented the destruction of their property and appealed to the authorities for protection and possible compensation.

 

They also called for a thorough investigation into the circumstances surrounding the demolition, insisting that the rights of all parties involved should be protected.
Stakeholders have urged the Lagos State Government, security agencies and the judiciary to intervene and ensure that the dispute is resolved through lawful means to prevent further escalation.

 

 

The controversy has continued to draw public attention, raising concerns over property rights, estate administration and the role of law enforcement agencies in civil disputes.

 

Police Officers Detained as Family Property Dispute Sparks Demolition Controversy in Lagos

By Ifeoma Ikem

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UKA Gears Up for Final ATC Exchangeability Test Run as June Preparations Begin

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UKA Gears Up for Final ATC Exchangeability Test Run as June Preparations Begin.

May 30, 2026 – As the month of June gathers momentum, the *United Kingdom of Atlantis, UKA*, a sovereign nation has unveiled a series of vital guidelines and preparatory packages to ensure citizens and stakeholders run the *ATC Exchangeability* process effectively.

In an official update, the *President of Atlantic Crown Limited, Empress of Attica Empire UKA*, confirmed that the *Final Test Run of ATC Exchangeability* is scheduled for the month of June 2026. The exercise marks a key phase ahead of the *Official Exchangeability Window, set to run from July 2026 to February 2027*.

### Key Highlights from the Presidential Briefing
1. *Final Test Run – June 2026*
The test run is designed to validate systems, procedures, and user readiness before full activation. Citizens, partners, and designated participants are urged to follow all official advisories released by UKA authorities during this period.

2. *Official Exchangeability Period*
Following the successful completion of the June test run, the Official Exchangeability will commence in july 2026 and we are Expecting Full Exchange ability between July Ending, 2026 to February 2026.

UKA stated that detailed schedules, eligibility requirements, and step-by-step instructions will be communicated progressively through verified UKA channels.

3. *Benefiting Packages for June*
In line with UKA’s commitment to citizen empowerment, the month of June will feature “benefiting packages” aimed at education, preparation, and seamless onboarding. These packages are intended to equip the people of UKA with the knowledge and tools needed for effective participation.

4. *Commitment to Transparency*
Addressing the nation, the Empress of Attica Empire UKA emphasized:
_“Final Test Run of ATC Comes up in The Month of June, As We Prepare For The Official Exchangeability, Between July 2026 To Feb 2027. All Information Will Be Communicated.”_
UKA reaffirmed that only information released through official UKA platforms should be regarded as authoritative.

The United Kingdom of Atlantis is encouraging all citizens, representatives, and interested parties to remain alert to official communications, attend designated orientation sessions, and avoid unofficial sources. UKA’s dedication to order, clarity, and the collective benefit of its people as the nation moves into this significant phase.

For updates, advisories, and participation guidelines, citizens are advised to monitor official UKA communication channels.

United Kingdom of Atlantis, UKA, is a sovereign nation, committed to national development, citizen welfare, and structured economic participation through initiatives such as ATC Exchangeability.

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Three Years On, General Buratai Hails Tinubu’s Economic, Security Achievements

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Three Years On, General Buratai Hails Tinubu’s Economic, Security Achievements

 

 

Former Chief of Army Staff, Lt. Gen. Tukur Buratai (retd.), has commended President Bola Ahmed Tinubu for what he described as bold economic reforms and improved security efforts as the President marks three years in office.

 

 

 

 

In a goodwill message on Thursday to commemorate Tinubu’s third anniversary as President and Commander-in-Chief of the Armed Forces, Buratai said the administration had taken courageous decisions that would leave a lasting impact on Nigeria’s development.

 

 

 

According to him, President Tinubu broke a long-standing cycle that had hindered national growth by removing fuel subsidy and implementing foreign exchange reforms aimed at stabilising the naira and strengthening the economy.

 

 

 

 

He noted that the reforms were beginning to yield positive results, citing the global acceptance of Nigerian debit cards, the gradual revival of local refineries, access to student loans, and ongoing road and infrastructure projects across the country.

 

 

 

“The FCT Administration has also recorded remarkable progress, completing major road projects that remained unfinished for over 16 years,” Buratai stated.

 

 

 

The former army chief also praised the administration’s security efforts, saying renewed military offensives against insurgents, terrorists and bandits had led to notable successes across various parts of the country.

 

 

 

He specifically lauded recent joint operations involving Nigerian and United States forces against Boko Haram and ISWAP in the North-East, as well as intensified counter-banditry operations in the North-West.

 

 

 

 

“We have seen notorious ISWAP commanders being neutralised. I congratulate the Commander-in-Chief, the Minister of Defence, the Chief of Defence Staff, the Service Chiefs, the Inspector-General of Police and heads of intelligence agencies for their efforts,” he said.

 

 

 

 

Buratai, however, acknowledged that challenges remained, stressing the need for more aggressive military operations and intelligence-driven strategies in the coming year.

 

 

 

 

While urging Nigerians to remain hopeful, he said celebrating the President’s achievements did not amount to ignoring the difficulties facing the nation.

 

 

 

 

“Because you truly care, you have shown the courage to trade short-term comfort for long-term hope. Nigerians need your reassurances, and that is why we remain optimistic and full of confidence,” he added.

The retired military officer reaffirmed his support for the Tinubu administration and expressed confidence that the foundation being laid by the government would deliver a brighter future for the country.

 

He also prayed for God’s guidance, wisdom, strength and good health for the President as he continues to lead Nigeria.

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