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

Okorocha to forfeit two Abuja property to FG

The Citizen by The Citizen
February 25 2022
in Financial Crimes
A A
0
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.

Previous Post

ICPC arraigns retiree over alleged pension fraud

Next Post

Court gives NDLEA 48-hours to respond to Abba Kyari’s bail request

Related Posts

Money Laundering: Thousands of Ddllars flown out of Nigeria every hour – INTERPOL
Financial Crimes

EFCC probes suspect with fake $212,200 in Kano

September 17 2026
Cash Transfers Office rejects N33.75bn fraud allegation, presents evidence
Financial Crimes

Cash Transfers Office rejects N33.75bn fraud allegation, presents evidence

September 11 2026
‘Fake’ Agency: Adeyemi insists DG appointment genuine
Financial Crimes

Reps panel traces 58 bank accounts, 12 entities, 39 workers to fake PFIPC DG

September 2 2026
EFCC summons ex-Gov. Sylva over alleged $14.86m fraud
Financial Crimes

EFCC summons ex-Gov. Sylva over alleged $14.86m fraud

September 1 2026
EFCC offers 5% whistleblower reward for tips on stolen assets abroad
Financial Crimes

EFCC offers 5% whistleblower reward for tips on stolen assets abroad

August 27 2026
NDLEA intercepts Europe-bound cocaine consignments
Financial Crimes

NDLEA opposes bail for 10 in N480bn Ogun meth lab

August 21 2026
Next Post
Alleged cocaine deal: Police hand over DCP Abba Kyari, 4 others to NDLEA

Court gives NDLEA 48-hours to respond to Abba Kyari’s bail request

Naira loses 10.6% value annually, says IMF

Leave a Reply Cancel reply

Your email address will not be published.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

FROM THE GRASSROOTS

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

APPOINTMENTS

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

Gov. Yahaya swears in 19 new Gombe permanent secretaries

Gov. Yahaya swears in 19 new Gombe permanent secretaries

by The Editor
September 11 2026
0

...

Niger State governor appoints six commissioners-designate, four aides

Niger State governor appoints six commissioners-designate, four aides

by The Editor
September 8 2026
0

...

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

ODDITIES

Residents find lifeless body in Akwa Ibom gutter, police begin probe

New co-tenant absconds with neighbour’s children in Akwa Ibom

by The Editor
September 17 2026
0

Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

by The Editor
September 3 2026
0

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

GLOBAL NEWS

Gambia orders banks to replace foreign workers with locals

Gambia orders banks to replace foreign workers with locals

by The Editor
September 25 2026
0

...

Trump signs security deal with Greenland, Denmark at UN

Trump signs security deal with Greenland, Denmark at UN

by The Editor
September 23 2026
0

...

Trump bars CNN, MS NOW, Politico from White House

Trump bars CNN, MS NOW, Politico from White House

by The Editor
September 18 2026
0

...

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

by The Editor
September 17 2026
0

...

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

Canada raises study permit, visitor visa processing times for Nigerians

by The Editor
September 17 2026
0

...

State of the States

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

by The Editor
September 25 2026
0

...

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

by The Editor
September 17 2026
0

...

Fubara orders fresh LG elections in Rivers State

Fubara signs N1.84tt Rivers 2026 budget into law

by The Editor
September 3 2026
0

...

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

by The Editor
September 2 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

September 25 2026
Nigeria, U.S. sign framework for $700 billion mineral investment

Nigeria, U.S. sign framework for $700 billion mineral investment

September 25 2026
Court nullifies Pantami as Gombe PDP guber candidate

Court nullifies Pantami as Gombe PDP guber candidate

September 25 2026
Process of rigging 2027 polls has started — Prof Jinadu reveals

2027: Elections must be decided at polls, not courts — Onaiyekan, Osigwe

September 25 2026

EDITORIAL REVIEW

Tele-robotic surgery: Nigeria needs more medical feats – Punch

Tele-robotic surgery: Nigeria needs more medical feats – Punch

by The Editor
September 25 2026
0

2027: Voter registration figures must mirror turnout – Punch

2027: Voter registration figures must mirror turnout – Punch

by The Editor
September 17 2026
0

EFCC recoveries: The good, the bad and the ugly – Punch

EFCC recoveries: The good, the bad and the ugly – Punch

by The Editor
September 11 2026
0

Football’s house of failure – Punch

Football’s house of failure – Punch

by The Editor
September 8 2026
0

FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

by The Editor
September 3 2026
0

Opinion

Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

by The Editor
September 25 2026
0

...

 Akpakomiza and other stories

by The Editor
September 1 2026
0

...

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 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.