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Court orders permanent forfeiture of Emefiele’s ₦‎12b property

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Last Updated on June 23, 2024 by Fellow Press

The Federal High Court in Lagos has ordered the permanent forfeiture of properties worth over N11.14 billion and N1.04 billion belonging to the former Central Bank of Nigeria Governor, Godwin Emefiele to the Federal Government.

Justice Chukwujekwu Aneke issued the final forfeiture order after considering a motion filed by the Economic and Financial Crimes Commission, represented by counsel Chineye Okezie on Friday.

The judge said, “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: – that a final forfeiture order of this honourable court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A herein which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”

The property included shops and apartments at Cadastral Zone Maitama and Wuse.

Aneke said, “A final forfeiture order of this Honourable Court is, hereby, made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B herein which properties were traced to have been acquired with proceeds of unlawful activities.”

The property included lands and apartments which were paid for on behalf of Oluwaseun at a total value of N1.04 billion.

Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde “used their positions and Influence as CBN staff to secure retail and Special allocation of Foreign Exchange to different companies in exchange for kickbacks, according to the affidavit.
“That OLUBUNMI MAKINDE is the link between OBAYEMI OLUWASEUN TEBEN and AKOMOLAFE ADEBAYO and the various companies applying for the purchase of foreign exchange.

“That OBAYEMI OLUWASEUN TEBEN and AKOMOLAFE ADEBAYO as staff of the Central Bank of Nigeria have access to the bidding processes and bidding Data of companies who have applied for the approval of form Ms to the CBN through their various commercial banks.”

Aneke on June 5, 2024, granted an interim forfeiture following a motion by EFCC counsel Rotimi Oyedepo.

Oyedepo told the court that Emefiele was suspected of purchasing the choice properties by proxy using proceeds from fraud.

He also identified two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud.

According to the affidavit filed in support of the application, the accomplices are Obayemi Oluwaseun Teben, Akomolafe Adebayo, and former CBN staff Olubunmi Makinde, among others.

The properties are primarily located in upscale areas of the Federal Capital Territory, Abuja.

The judge directed the EFCC to publish the order in a national newspaper, inviting any interested parties to show cause why the final forfeiture order should not be issued.

The judge then scheduled a hearing for the motion for final forfeiture.

On June 21, no party appeared in court to contest the interim order. Consequently, Chineye Okezie moved forward with her motion for permanent forfeiture.

After reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, along with 19 attached exhibits and a written address signed by Okezie, Justice Aneke granted the application for permanent forfeiture.

The judge directed the EFCC to publish the order in a national newspaper, inviting any interested parties to show cause why the final forfeiture order should not be issued.

The judge then scheduled a hearing for the motion for final forfeiture.

On June 21, no party appeared in court to contest the interim order. Consequently, Chineye Okezie moved forward with her motion for permanent forfeiture.

After reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, along with 19 attached exhibits and a written address signed by Okezie, Justice Aneke granted the application for permanent forfeiture.

The EFCC listed the properties in two schedules, A and B.

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Nigerians paid N721bn in cash bribes to govt officials in 2023 – NBS

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Last Updated on July 12, 2024 by Fellow Press

A survey by the National Bureau of Statistics (NBS) has revealed that Nigerians paid a staggering N721 billion in cash bribes to public officials in 2023.

The survey, titled “Corruption in Nigeria: Patterns and Trends,” released on Thursday, July 11, revealed that over 95 percent of these bribes were in monetary form.

According to the report, there has been a decline in Nigerians’ confidence in the government’s anti-corruption efforts during the period under review.

The report stated, “Overall, it is estimated that a total of roughly N721 billion ($1.26 billion) was paid in cash bribes to public officials in Nigeria in 2023, corresponding to 0.35 percent of the entire Gross Domestic Product (GDP) of Nigeria.”

The report further revealed that bribes paid in a public official’s office and on the street accounted for approximately 35 percent and 36 percent of all bribes respectively while, 11 percent of bribes were paid in respondents’ own homes, while 7 percent occurred in public buildings such as restaurants, malls, or stations.

The report highlighted that healthcare professionals and public utility officers were the most frequent recipients of bribes, accounting for 30 percent and 24 percent of encounters respectively. Police officers followed closely with a contact rate of 20 percent

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Vice President Trump, President Putin Of Ukraine – Biden Goofs At NATO Summit

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Last Updated on July 12, 2024 by Fellow Press

U.S. President Joe Biden had a series of verbal slip-ups on Thursday alongside the NATO summit in Washington, an unfortunate development for the 81-year-old as he tries to move past concerns that he is too old to run for re-election.

Verbal gaffes are not unusual in the long political career of Biden, who overcame a childhood stutter, but there is closer attention on him amid the fallout from his dismal debate performance against Republican candidate Donald Trump last month.

Trump, who is 78, and also has faced concerns about his age, frequently made false claims during the debate and often rambles during campaign speeches.

Below is a summary of Biden’s mistakes on Thursday.

BIDEN MISTAKENLY CALLS ZELENSKIY ‘PUTIN’

Biden mistakenly referred to Ukrainian President Volodymyr Zelenskiy as “President Putin”.

“And now I want to hand it over to the president of Ukraine, who has as much courage as he has determination, ladies and gentlemen, President Putin,” Biden said at the NATO summit, drawing gasps from those in the room.

“Going to beat President Putin, President Zelenskiy. I am so focused on beating Putin,” Biden said while correcting himself.

BIDEN MISTAKENLY REFERS TO HARRIS AS TRUMP
During a news conference on Thursday evening, Biden mixed up the name of his vice president, Kamala Harris, and his rival Trump.

“Look, I wouldn’t have picked Vice President Trump to be vice president if she was not qualified to be president. So start there,” Biden said as he responded to a question from Reuters about his confidence in Harris.

BIDEN FUMBLES ‘CHIEFS OF STAFF’
Biden also struggled at the news conference to find the words “chiefs of staff,” mistakenly referring to the group of the country’s top uniformed military leaders as “commander in chief,” the title he holds as president.

“And so our military is working on following the advice of my commander in chief my, my, my, the chiefs of staff, of the military as well as the secretary of defense and our intelligence people.”

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