Court Orders Interim Forfeiture Of N204.2m Ikoyi Property

Justice Chuka Austin Obiozor of the Federal High Court, Lagos has ordered the interim forfeiture of a property worth the sum of N204, 200,000 to the Federal Government.

The property, which is located at 20, Cameron Street, Ikoyi, Lagos, was recovered from one Joy Obiageli Oti by the Economic and Financial Crimes Commission, EFCC.

The judge gave the interim forfeiture order, following an ex-parte application filed by the Commission.

The respondent, was alleged to have sold 3.02 hectares of land belonging to a company, Industrial Support Services Limited, to P.S. Investment Limited in the sum of N300,000,000.00.

Also, the respondent, in the bid to cover up the fraud, allegedly opened an account domiciled in First Bank Plc in the name of Industrial Support Services, where she made herself the sole signatory to the account.

Consequently, the Chairman, P. S. Investment Limited, Patrick Sule Ugboma, issued a Zenith Bank manager cheque in favour of Industrial Support Services on October 22, 2007.

The respondent, upon maturity of the cheque, allegedly bought the said property from the proceeds of the crime.

In his ruling on Wednesday, April 25, 2016, Justice Obiozor ordered an interim forfeiture of the property to the Federal Government.

The judge further directed the Commission to publish the interim forfeiture order in a national newspaper within 14 days from the day of ruling for the respondent or anyone who is interested in the property to show cause why it should not be permanently forfeited to the Federal Government.

The case was adjourned to May 15, 2018 for hearing of the motion on notice for final forfeiture.

en

SOURCE :The Nigerian Voice (local news)

34 thoughts on “Court Orders Interim Forfeiture Of N204.2m Ikoyi Property

  • 21st October 2020 at 4:06 pm
    Permalink

    We’re a group of volunteers and starting a brand new scheme in our community.
    Your website offered us with helpful info to work
    on. You’ve performed an impressive task and our entire group can be thankful to
    you.

    Reply
  • 23rd October 2020 at 12:18 am
    Permalink

    Useful info. Lucky me I discovered your website by chance, and I’m surprised why
    this coincidence didn’t came about earlier! I bookmarked it.

    Reply
  • 13th November 2020 at 6:03 pm
    Permalink

    Wonderful beat ! I wish to apprentice while you amend your website, how
    could i subscribe for a blog site? The account helped me a
    acceptable deal. I had been a little bit acquainted of this your
    broadcast offered bright clear idea

    Reply
  • 15th November 2020 at 2:29 pm
    Permalink

    I like what you guys tend to be up too. This sort of clever work and coverage!
    Keep up the wonderful works guys I’ve incorporated you guys
    to my personal blogroll.

    Reply
  • 17th December 2020 at 1:57 am
    Permalink

    M.E.C Mon Electricien Catalan
    44 Rue Henry de Turenne
    66100 Perpignan
    0651212596

    Electricien Perpignan

    Hurrah, that’s what I was searching for, what a information!
    existing here at this weblog, thanks admin of this web page.

    Reply
  • 26th December 2020 at 12:51 am
    Permalink

    Hey dude” what kind of wordpress theme are you using? i want it to use on my blog too . 

    Reply
  • 27th December 2020 at 4:54 pm
    Permalink

    I need assist with criticism. The problem I have with it, I consider it to seriously and it ends up getting to me and lowering my self-esteem large time. I require assist finding ways to get over what individuals say that ends up hurting my feelings. Any advice? Thanks.

    Reply
  • 28th December 2020 at 7:57 pm
    Permalink

    There are a few fascinating points at some point in this posting but I don’t know if I see these people center to heart. There may be some validity but Let me take hold opinion until I investigate it further. Good write-up , thanks and we want more! Included in FeedBurner in addition

    Reply
  • 29th December 2020 at 6:44 am
    Permalink

    It’s rare knowledgeable folks with this topic, but the truth is sound like what happens you are talking about! Thanks

    Reply
  • 29th December 2020 at 4:44 pm
    Permalink

    I am so happy to read this. This is the type of manual that needs to be given and not the accidental misinformation that’s at the other blogs. Appreciate your sharing this greatest doc.

    Reply
  • 30th December 2020 at 7:17 pm
    Permalink

    Absolutely indited content , Really enjoyed reading through .

    Reply
  • 1st January 2021 at 7:46 pm
    Permalink

    Where by maybe you’ve discovered the resource for the purpose of this write-up? Brilliant reading I’ve subscribed for your feed.

    Reply
  • 2nd January 2021 at 3:07 am
    Permalink

    Some of the images are not showing properly but I think that might be noscript, the web site still looks nice. I have been coming to this blog for a few weeks now and i’m really impressed with the content. What is the rss feed address?

    Reply
  • 4th January 2021 at 12:55 am
    Permalink

    Everybody Hates Chris sometimes bores me because the jokes aren’t so funny anymore but i still watch it all the time,

    Reply
  • 4th January 2021 at 10:58 pm
    Permalink

    With havin so much written content do you ever run into any issues of plagorism or copyright violation? My blog has a lot of unique content I’ve either created myself or outsourced but it appears a lot of it is popping it up all over the web without my agreement. Do you know any techniques to help prevent content from being ripped off? I’d genuinely appreciate it.

    Reply
  • 19th February 2021 at 7:45 pm
    Permalink

    Unquestionably believe that which you stated.

    Your favorite reason seemed to be on the web the simplest thing to be aware
    of. I say to you, I definitely get irked while people think about worries that they plainly don’t know
    about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect ,
    people can take a signal. Will likely be back to get more.
    Thanks

    Reply
  • 22nd March 2021 at 7:50 pm
    Permalink

    I was suggested this blog by my cousin. I am not
    sure whether or not this publish is written by
    means of him as nobody else recognize such targeted about my problem.
    You are incredible! Thank you!

    Reply
  • 28th March 2021 at 2:45 pm
    Permalink

    I got this site from my friend who told me concerning this web page
    and at the moment this time I am visiting this web page and reading very informative articles here.

    Reply

Leave a Reply

Your email address will not be published.