Saturday, August 30, 2025
  • Who’sWho Africa AWARDS
  • About Time Africa Magazine
  • Contact Us
Time Africa Magazine
  • Home
  • Magazine
  • WHO’SWHO AWARDS
  • News
  • World News
    • US
    • UAE
    • Europe
    • UK
    • Israel-Hamas
    • Russia-Ukraine
  • Politics
  • Crime
  • Lifestyle
  • Sports
  • Column
  • Interviews
  • Special Report
No Result
View All Result
Time Africa Magazine
  • Home
  • Magazine
  • WHO’SWHO AWARDS
  • News
  • World News
    • US
    • UAE
    • Europe
    • UK
    • Israel-Hamas
    • Russia-Ukraine
  • Politics
  • Crime
  • Lifestyle
  • Sports
  • Column
  • Interviews
  • Special Report
No Result
View All Result
Time Africa Magazine
No Result
View All Result
  • Home
  • WHO’SWHO AWARDS
  • News
  • Magazine
  • World News

Home » Featured » Court gives EFCC nod to publish Ekweremadu’s 40 properties for forfeiture

Court gives EFCC nod to publish Ekweremadu’s 40 properties for forfeiture

November 4, 2022
in Featured, News
0
544
SHARES
4.5k
VIEWS
Share on FacebookShare on Twitter

Abuja, Nigeria – The Economic and Financial Crimes Commission, EFCC, today November 4, 2022, secured the nod of a Federal High Court sitting in Abuja to publish an order of interim forfeiture of 40 landed properties belonging to a former Deputy Senate President, Sen. Ike Ekweremadu.

Justice Inyang Ekwo made the order while ruling on a motion exparte brought by the EFCC in Suit No.FHC/ABJ/CS/1242/2022.

The Commission had approached the court for an Order of interim forfeiture of the said properties which “are subject matters of investigation, enquiry and examination by the EFCC. which are reasonably suspected to be the proceeds of unlawful activity of money laundering committed by the respondents”.

It also added that there was need “to preserve the properties from dissipation by the respondents”.

The said application was brought pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.

ReadAlso

LEAKED: Inside The Deal That Freed Binance Executive

EFCC Arraigns Top Executives of Sun Trust Bank over Alleged $12m Fraud

In a short ruling on the exparte motion, the Judge granted the application, ordering the EFCC to publish the interim forfeiture order of the properties in a national daily within seven days from the date the Order was given.

Persons interested in the properties covered by the interim forfeiture order are expected to, within 14 days of the publication of the Order, show cause why the assets should not be permanently forfeited.

ADVERTISEMENT

Justice Ekwo adjourned till December 5, 2022, for a report.

Afeez Mustapha, an investigator with the EFCC, in a supporting affidavit to the application, disclosed that the Commission commenced investigation of Ekeremadu following intelligence received from some foreign entities on suspicion of money laundering involving the acquisition of several properties in United Kingdom, Dubai and the United States of America through proxies and unregistered companies.

The schedule of properties attached to the forfeiture application listed properties allegedly acquired by Ekweremudu with funds not supported by his legitimate income to include, among others, a London property at Flat 4, Varsity Court, Hormer Street ( WIH4NW) which was acquired on December 4, 2008 for £830,000; three properties in Florida, United States, one of which was purchased for $155,000 USD; a property on approximately 3000 square meter parcel of land consisting of 7 bedroom detached Boys Quarters, swimming pool, enclosed 3 car garage with roller shutter doors, gate house and generator house at No.6 Ilado Close, Ikoyi, Lagos bought for N630million on August 8, 2015; three blocks of six flats each, totaling 18 luxury flats at Plot 904 Durumi, Abuja acquired for N700million and Four Rootown House at Villa No. 148 Maeeni the Lahes Emirate Hill Dubai valued at $250,00 USD.

Tags: CorruptionDraftEFCCIke Ekweremadu
ADVERTISEMENT
Previous Post

Amid economic woes, Nigeria President Buhari seeks N2 billion for new vehicles

Next Post

UK cost of living crisis: Thousands expected to attend London rally to demand general election

You MayAlso Like

News

Relics From an Ancient Egyptian ‘Party Town’ Are Pulled Out of the Sea

August 29, 2025
News

Africa’s largest refugee-hosting country is facing backlash over US migrant deal

August 28, 2025
News

Delta State at 34: A Beacon of Progress and Promise, says Rector Delta State Polytechnic, Ogwashi Uku

August 27, 2025
News

Passenger train derails in Nigeria, 6 passengers injured

August 26, 2025
News

Stolen Soil, Land Grabbing: Mburubu Community Sends SOS to Enugu Govt

August 26, 2025
News

Gov Mbah Charges Civil Servants to Embrace e-Governance in Enugu

August 25, 2025
Next Post

UK cost of living crisis: Thousands expected to attend London rally to demand general election

Passenger plane crashes into Lake Victoria in Tanzania, 19 dead

Discussion about this post

Inside the Battle for Ownership of Madonna University

Stolen Soil, Land Grabbing: Mburubu Community Sends SOS to Enugu Govt

New discovery at site of Jesus resurrection corroborates the Bible

NYSC Member Shares Harrowing Experience with Anambra Vigilantes

Tinubu’s Minister, Uche Nnaji Faces Fire Over Alleged Non-Performance In Science, Technology Sector Amid Defection Plan

Kemi Badenoch reveals ‘hysterical’ level of personal attacks faced as a black woman

  • British government apologizes to Peter Obi, as hired impostors, master manipulators on rampage abroad

    1240 shares
    Share 496 Tweet 310
  • Maids trafficked and sold to wealthy Saudis on black market

    1066 shares
    Share 426 Tweet 267
  • Flight Attendant Sees Late Husband On Plane

    971 shares
    Share 388 Tweet 243
  • ‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

    904 shares
    Share 361 Tweet 226
  • Crisis echoes, fears grow in Amechi Awkunanaw in Enugu State

    735 shares
    Share 294 Tweet 184
  • Trending
  • Comments
  • Latest

British government apologizes to Peter Obi, as hired impostors, master manipulators on rampage abroad

April 13, 2023

Maids trafficked and sold to wealthy Saudis on black market

December 27, 2022
Flight Attendant Sees Late Husband On Plane

Flight Attendant Sees Late Husband On Plane

September 22, 2023
‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

March 21, 2023
Chief Mrs Ebelechukwu, wife of Willie Obiano, former governor of Anambra state

NIGERIA: No, wife of Biafran warlord, Bianca Ojukwu lied – Ebele Obiano:

0

SOUTH AFRICA: TO LEAVE OR NOT TO LEAVE?

0
kelechi iheanacho

TOP SCORER: IHEANACHA

0
Goodluck Ebele Jonathan

WHAT CAN’TBE TAKEN AWAY FROM JONATHAN

0

Prince Harry ‘to meet with King Charles’ when he returns to UK for anniversary of Queen Elizabeth II’s death

August 29, 2025

Relics From an Ancient Egyptian ‘Party Town’ Are Pulled Out of the Sea

August 29, 2025

Get your children the chickenpox jab to stop the anti-vaxxers, minister tells parents

August 29, 2025

Africa’s largest refugee-hosting country is facing backlash over US migrant deal

August 28, 2025

ABOUT US

Time Africa Magazine

TIME AFRICA MAGAZINE is an African Magazine with a culture of excellence; a magazine without peer. Nearly a third of its readers hold advanced degrees and include novelists, … READ MORE >>

SECTIONS

  • Aviation
  • Column
  • Crime
  • Europe
  • Featured
  • Gallery
  • Health
  • Interviews
  • Israel-Hamas
  • Lifestyle
  • Magazine
  • Middle-East
  • News
  • Politics
  • Press Release
  • Russia-Ukraine
  • Science
  • Special Report
  • Sports
  • TV/Radio
  • UAE
  • UK
  • US
  • World News

Useful Links

  • AllAfrica
  • Channel Africa
  • El Khabar
  • The Guardian
  • Cairo Live
  • Le Republicain
  • Magazine: 9771144975608
  • Subscribe to TIME AFRICA biweekly news magazine

    Enjoy handpicked stories from around African continent,
    delivered anywhere in the world

    Subscribe

    • About Time Africa Magazine
    • Privacy Policy
    • Contact Us
    • WHO’SWHO AWARDS

    © 2025 Time Africa Magazine - All Right Reserved. Time Africa is a trademark of Times Associates, registered in the U.S, & Nigeria. Use of this site constitutes acceptance of our Terms of Service.

    No Result
    View All Result
    • WHO’SWHO AWARDS
    • Politics
    • Column
    • Interviews
    • Gallery
    • Lifestyle
    • Special Report
    • Sports
    • TV/Radio
    • Aviation
    • Health
    • Science
    • World News

    © 2025 Time Africa Magazine - All Right Reserved. Time Africa is a trademark of Times Associates, registered in the U.S, & Nigeria. Use of this site constitutes acceptance of our Terms of Service.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.