TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Falana denies buying property from EFCC

The Citizen by The Citizen
March 6 2021
in Financial Crimes
A A
0
Falana denies buying property from EFCC

A human rights lawyer, Femi Falana (SAN), on Friday, said contrary to a report making the rounds, he had never bought any property from the Economic and Financial Crimes Commission (EFCC).

In a communique, Falana said the claims by the online medium that ran the report were false, adding that the publication was a ploy by the Federal Government to tarnish his reputation.

According to the rights advocate, the claim that he bought a property from the anti-graft agency was one of several attempts by the government to soil his name and bring him to disrepute.

Falana’s statement comes on the heels of a testimony by a witness, Mr. Ngozika Ihuoma who told the Federal High Court in Abuja yesterday,  that a property allegedly recovered by the Pension Reform Task Force, valued at six billion naira was sold to Mr. Falana for one billion naira sometime in 2015.

Reacting, the rights advocate said the property in question was never recovered by the presidential pension task force and that it is on record that the property was used as collateral by the owner, A. Group properties limited, with regards to a loan from Bank PHB in 2008.

He said when the owner of the property defaulted in the payment of the loan it was taken over by the Asset Management of Nigeria (AMCON) via an order of interim forfeiture.

Falana further explained that in an attempt to liquidate the loan the owner of the property wanted to sell it and his law firm agreed to buy the property two hundred and fifty million naira, but they withdrew from the transaction due to the delay in resolving the case.

He noted that up till now, the case is still pending at the Federal High Court.

The human rights activist challenged the Federal Government to proceed to forfeit the alleged one billion naira purportedly paid by him and recover the property if it established that it was recovered by the pension task force.

Below is the full narrative as published by the Senior Advocate.

“Sometime in April 2017 an online medium, sponsored by the Federal Government, claimed falsely that the had handed over a property confiscated from a former governor of Bayelsa State, the Late Chief D.S.P Alamieyesigha to me.

The malicious publication was dismissed when it was revealed that all confiscated properties from the ex-governor had been handed over to the Bayelsa State Government by the EFCC.

In November 2017, the Attorney-General of the Federation & Minister of Justice, Mr. Abubakar Malami SAN alleged that the EFCC had sold one of the houses recovered by Mr. Abdurasheed Maina of the Pension Task Force to “a Lagos Lawyer”.

Even though Mr. Malami SAN did not mention my name I challenged him to provide details of the property. But the challenge was not taken up.

When the stories of the illegal acquisition of properties did not fly the Federal Government alleged before the Ayo Salami Judicial Commission of Enquiry that the suspended Chairman of the EFCC, Mr Ibrahim Magu had transferred N28.5 million to the Account of my law firm.

A newspaper that linked me with the false story retracted the story and apologized when I threatened to sue for libel The Panel did not invite me to give evidence as the story was found to be a LIE.

My attention has just been drawn to the renewed version of the LIE to the effect that the same property lying and being at 42, Gana Street, Maitama District, Abuja, allegedly recovered by the Pension Reform Task Force was valued at N6,0000,000.00 (Six Billion Naira) but sold to me for N1,000,000.00 (One Billion. Naira) sometime in 2015.

I wish to say, without any fear of contradiction, that the property in question was never recovered by the Presidential Pension Task Force.

It is on record that the property was used as a collateral by the owner, A. Group Properties Limited a loan from Bank PHB in 2008. When the owner of the property defaulted in the payment of the loan it was taken over by the Asset Management of Nigeria (AMCON) via an order of interim forfeiture.

However, in an attempt to liquidate the loan the owner of the property wanted to sell it. My law firm agreed to buy the property for N250,000,000 (Two hundred and Fifty Million Naira). But we withdrew from the transaction due to the delay in resolving the case. Up till now, the case is still pending at the Federal High Court.

A copy of the order of interim forfeiture of the property granted in favour of AMCON is hereby attached.

In the light of the foregoing, I challenged the Federal Government to proceed to forfeit the alleged N1 billion purportedly paid by me and recover the property if it established that it was recovered by the Pension Task Force.”

Previous Post

CAN to block hijab in Kwara mission schools

Next Post

Osinbajo, Anyim, Obi, Muhammed-Bande, Falana, others to discuss patriotism, security, governance, national devt

Related Posts

NDLEA intercepts Europe-bound cocaine consignments
Financial Crimes

NDLEA opposes bail for 10 in N480bn Ogun meth lab

August 21 2026
FEC directs EFCC to release looted funds to education sector
Financial Crimes

FEC directs EFCC to release looted funds to education sector

August 19 2026
US-based Nigerian risks 20 years’ jail over $2.7m fraud
Financial Crimes

US-based Nigerian risks 20 years’ jail over $2.7m fraud

August 13 2026
Fake NNPC director in EFCC custody over N100m fraud
Financial Crimes

EFCC recovers N115bn, $84m NDDC levy from oil firms

August 13 2026
Fake agency scandal: Presidency faces heat as FG prosecutes embattled DG
Financial Crimes

PFIPC scandal: Adeyemi demands media, lawyers’ presence before Reps probe

August 10 2026
Italy-based bizman excretes 98 cocaine wraps at Enugu Airport
Financial Crimes

Italy-based bizman excretes 98 cocaine wraps at Enugu Airport

August 10 2026
Next Post
Osinbajo didn’t pray for Buhari’s death, says presidential aide

Osinbajo, Anyim, Obi, Muhammed-Bande, Falana, others to discuss patriotism, security, governance, national devt

Masari bows to pressure, resumes dialogue with Katsina bandits

Gov. Masari berates Gumi for demanding amnesty for bandits

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Adeleke chairmen seize Osun LG secretariats

Adeleke chairmen seize Osun LG secretariats

by The Editor
August 18 2026
0

...

APM sweeps Bauchi LG poll, wins all 20 chairmanship seats

APM sweeps Bauchi LG poll, wins all 20 chairmanship seats

by The Editor
August 18 2026
0

...

Lagos Council defies NLC directive to skip Pro-Tinubu Group inauguration

Lagos Council defies NLC directive to skip Pro-Tinubu Group inauguration

by The Editor
August 12 2026
0

...

Federal High Court relocates Lagos division to new complex

Federal High Court relocates Lagos division to new complex

by The Editor
August 6 2026
0

...

APPOINTMENTS

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

by The Editor
August 8 2026
0

...

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

Katsina governor swears in four permanent secretaries

Katsina governor swears in four permanent secretaries

by The Editor
August 6 2026
0

...

ODDITIES

Man sets mother on fire in Cross River over witchcraft accusation

Man sets mother on fire in Cross River over witchcraft accusation

by The Editor
August 20 2026
0

Celestial Church begins probe into Temitope Osoba’s death

Celestial Church begins probe into Temitope Osoba’s death

by The Editor
August 13 2026
0

Indimi joins appeal against $43.5m judgement award to daughters

Indimi joins appeal against $43.5m judgement award to daughters

by The Editor
August 6 2026
0

GLOBAL NEWS

UK warns citizens against travel to 28 Nigerian states over terrorism, kidnap risk

UK warns citizens against travel to 28 Nigerian states over terrorism, kidnap risk

by The Editor
August 21 2026
0

...

Country of Particular Concern: We cannot remove Nigeria’s CPC tag — US Congressman insists

Country of Particular Concern: We cannot remove Nigeria’s CPC tag — US Congressman insists

by The Editor
August 21 2026
0

...

Canada flags Nigeria, 16 African countries as high-risk in new travel advisory

Canada invites 1,000 candidates to apply for permanent residence

by The Editor
August 20 2026
0

...

Trump threatens to bomb Oman

Trump threatens to bomb Oman

by The Editor
August 18 2026
0

...

Putin defies Trump with second nuclear weapons test

Russia summons Japan ambassador over disputed islands row

by The Editor
August 18 2026
0

...

State of the States

Gov. Otu bows to pressure, orders release of detained critic Odama

Gov. Otu bows to pressure, orders release of detained critic Odama

by The Editor
August 20 2026
0

...

2027: Makinde to unveil APM presidential campaign council Friday

Oyo declares Thursday work-free for 2026 Isese day

by The Editor
August 19 2026
0

...

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

Account Freeze: Adeleke orders Osun Attorney-General to withdraw suit against EFCC

by The Editor
August 18 2026
0

...

Lagos leads January 2026 FAAC allocations with N55.83bn

Sanwo-Olu inducts 1,000 as Lagos internship beneficiaries hit 8,000

by The Editor
August 13 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Pres. Tinubu swears in two new ministers

Tinubu orders arrest, suspends three perm secs as ICPC uncovers new fake agency

August 21 2026
Lives of All Nigerians Carry Equal Value: ICADAR responds to Senate, House calls for reconsideration of Police withdrawal from VIPs

Northern senators renew call for state police

August 21 2026
Afenifere denies endorsing Buhari’s re-election

Afenifere raises alarm over attacks on farmers in South-West

August 21 2026
Police rescue 75 kidnapped travellers in Kaduna

Police rescue 75 kidnapped travellers in Kaduna

August 21 2026

EDITORIAL REVIEW

BREAKING: Kidnapped Oyo pupils, teachers regain freedom

Terror victims deserve care – Punch

by The Editor
August 21 2026
0

Unfilled tertiary education spaces debacle – Punch

Unfilled tertiary education spaces debacle – Punch

by The Editor
August 20 2026
0

Reps in rowdy session over motion to summon Tinubu

Accounting for recovered assets – Punch

by The Editor
August 18 2026
0

Stop recruiting youths for election violence – Punch

Stop recruiting youths for election violence – Punch

by The Editor
August 12 2026
0

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Country of ghost workers, ghost MDAs – Punch

by The Editor
August 11 2026
0

Opinion

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 2026
0

...

Airtime credit dispute and need for clarity

Airtime credit dispute and need for clarity

by The Editor
August 5 2026
0

...

Tinubu swears in four Permanent Secretaries, INEC commissioner

Tinubu: The Audacity to Hope – Three years after

by The Editor
July 31 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.