25 h. ago Court Orders Forfeiture Of Properties Recovered From Fraud Syndicate

Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered the temporary forfeiture of several properties seized by the Economic and Financial Crimes Commission (EFCC) from Genting International Limited, a company linked to alleged fraudulent activities involving some Chinese and Filipino nationals. The properties were recovered from a syndicate of 792 foreign nationals […]

Politics

46 h. ago Govt To Seize Properties Of Retirees Who Defaulted On Housing Loans

The Federal Government Staff Housing Loans Board (FGSHLB) has commenced compiling a list of retired civil servants who have defaulted on repaying housing loans. This initiative, led by Mrs. Salamatu Ahmed, Executive Secretary of the Board, aims to recover mortgaged properties from retirees who have not fulfilled their loan obligations. In a statement released in […] The post Govt To Seize Properties Of Retirees Who Defaulted On Housing Loans appeared first on Information Nigeria.

Politics

5 d. ago Paris Club refund: Melrose files contempt suit against CBN’s Cardoso, others

From Godwin Tsa, Abuja Melrose General Services Limited has initiated contempt proceedings against Central Bank of Nigeria (CBN) Governor Olayemi Cardoso and Legal Services Director Salam-Alada Kofo for allegedly failing to comply with a Supreme Court judgement. The 2024 ruling reversed the forfeiture of ₦1.222 billion and ₦220 million linked to the Paris Club refund. […] The post Paris Club refund: Melrose files contempt suit against CBN’s Cardoso, others appeared first on The Sun Nigeria.

Politics

9 d. ago Ponzi scheme: Court seizes N6.6bn Livingtrust shares, N42.4m linked to Cititrust

Justice F. N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of 2,041,087,747 units of shares in Livingtrust Mortgage Bank Plc, formerly known as Omoluabi Mortgage Bank Plc, valued at N6,674,356,932.69. The court also ordered the forfeiture of N42,461,096.66 and $26.44, all traced to Cititrust Holdings Plc and Read More

Politics

9 d. ago Court orders final forfeiture of Livingtrust Mortgage Bank’s N6.6bn shares, N42.4m, $26.44 in Lagos

From Sola Ojo, Abuja On Tuesday, April 15, Justice F.N. Ogazi of the Federal High Court in Ikoyi, Lagos, ordered the final forfeiture of 2,041,087,747 units of Livingtrust Mortgage Bank Plc shares, valued at N6,674,356,932.69, along with N42,461,096.66 and $26.44 in funds. The Economic and Financial Crimes Commission (EFCC) traced these assets to Cititrust Holdings […] The post Court orders final forfeiture of Livingtrust Mortgage Bank’s N6.6bn shares, N42.4m, $26.44 in Lagos appeared first on The Sun Nigeria.

Politics

2 w. ago Edo court jails nine for cybercrime, orders assets forfeiture

A High Court sitting in Benin City, Edo State, has convicted and sentenced nine internet fraudsters for offences bordering on obtaining by false pretence, retention of proceeds of crime, and possession of fraudulent documents. The Economic and Financial Crimes Commission, Benin Zonal Directorate, disclosed in a statement on Friday that the convictions were secured between Read More

Events

2 w. ago Court orders final forfeiture of seven properties linked to ex

By Sola Ojo, Abuja Justice Dehinde Dipeolu of the Federal High Court in Ikoyi, Lagos, on Thursday, ordered the final forfeiture of seven properties linked to Muiz Tijani Adeyinka, a former First Bank Plc employee. The Economic and Financial Crimes Commission (EFCC) Head of Media and Publicity, Dele Oyewale, listed the properties. They include Plot […] The post Court orders final forfeiture of seven properties linked to ex-banker in Lagos appeared first on The Sun Nigeria.

Politics

2 w. ago Court Orders Forfeiture Of N13m Seized From Alleged Fraudster

Justice Dehinde Dipeolu of the Federal High Court in Lagos has ordered the final forfeiture of N13 million initially recovered from an alleged fraudster, Chinedu Ezeudemba, to the federal government. Justice Dipeolu gave the order after entertaining an application brought by the Economic and Financial Crimes Commission (EFCC). Ezeudemba was accused of obtaining money from […]

Politics

4 w. ago Police nab 2,141 suspects, recover N106m stolen properties in Ogun

The Ogun State Police Command said on Friday that it has within the first three months of the year arrested 2,141 suspects for various criminal offences ranging from armed robbery to rape and cultism, among others. The command said that within this same period, it has prosecuted 1530 suspects, secured 62 convictions, and recovered properties, Read More

Politics