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Okorocha to forfeit two Abuja property to FG

The Citizen by The Citizen
February 25 2022
in Financial Crimes
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Court orders final forfeiture of Okorocha’s properties

A Federal High Court, Abuja, on Thursday, gave an interim order forfeiting two Abuja properties linked to Sen. Rochas Okorocha to the Federal Government.

Justice Emeka Nwite gave the order following an ex-parte motion moved by counsel for the Economic and Financial Crimes Commission (EFCC), Ekele Iheanacho.

Justice Nwite directed the EFCC to publish the order in a national daily for interested person(s) to show cause within 14 days why the final forfeiture order should not be made.
He adjourned the matter until April 13 for hearing.


Earlier, Iheanacho informed that he had an exparte application marked: FHC/ABJ/CS/327/2020 dated March 6, 2020 and filed same day.

He said the motion, brought under Section 17 of the Advance Fee Fraud and other fraud related offences Act, 2006, sought an interim order forfeiting the property lying and situated at Plots 1032 & 1033 Cadastral Zone, A03 Takum Close, Off Michika Street, Ahmadu Bello Way, Garki Abuja.

The lawyer said that the property recovered by the commission were reasonably suspected to be proceed of unlawful activities.

He said the anti-graft agency also sought an order directing the publication of the interim order in any national newspaper for person(s) to show cause within 14 days why the final order of forfeiture of the property mentioned should not be made in favour of the Federal Government of Nigeria.

He said the agency brought the application on the grounds that the court had the statutory powers under the provision of the law to grant the reliefs sought and that the property were reasonably suspected to be proceed of unlawful activities.

In an affidavit in support of the motion ex-parte deposed to by Ani Davies Stanley, an operative of the EFCC, the officer said he was the investigating officer assigned to investigate a petition as well as an intelligence received by the agency which bordered on conspiracy and money laundering.

Stanley said the investigation revealed that sometime on Sept. 26, 2018, the former Governor of Imo, Okorocha, awarded a contract for the renovation/maintenance of Government House facilities to De-Orign Concept Limited at the cost of N620 million.

He said about N427 million was transferred from Imo State Treasury Project account to the contractor‘s Bank account between Oct. 31, 2018 and Nov. 1, 2018.


He said Okorocha also awarded a contract to Baranda Ventures Limited whose Managing Director is Adedipe Adeayoe sometime around September 2018.

According to him, the contract was for the construction of Urualla to Obiohia to Ogboke to Umumarsiaku link road with 2 bridges and construction of Owus Avenue Shopping Mall and Modern Building Materials Market at Oru.

He said over N2.7 billion was transferred from the state treasury project account as well as the Joint State Local Government Account to the contractor’s Bank account between Dec. 12, 2018 and May 2, 2019.

He said in April 2019, Baranda Ventures Limited transferred N50 million each to Abtisal Global Limited and Archivisual Solutions Limited.

Stanley informed that these two companies used the money paid to them to develop property belonging to Rochas Anayo Okorocha’s Company, among other suspicious transactions.

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