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More Troubles For Ex-CBN Gov. Godwin Emefiele… Forfeits $2.4m Lagos, Delta Properties

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Former Governor of the Central Bank of Nigeria, Godwin Emefiele seems to have literally bitten more than he can chew as he is set to forfeit his 2.4m Lagos and Delta properties to the federal government.

This is on account of a Federal High Court ruling in Lagos, on Thursday. The court ordered the interim forfeiture of $2.04m and seven properties connected to Emefiele.

Justice Akintayo Aluko made the order following an application by the Economic and Financial Crimes Commission, which is investigating alleged fraudulent activities linked to Emefiele.

The properties in question include prime real estate in Lekki and Ikoyi, Lagos, as well as a large industrial complex under construction in Agbor, Delta State.

Justice Aluko stated that the interim forfeiture was necessary to prevent the dissipation of the assets suspected to be proceeds of unlawful activities.

“The properties listed in this application are reasonably suspected to have been acquired through proceeds of unlawful activities,” he said.

The properties, as listed, include two fully detached duplexes at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; a 1,919.592 sqm undeveloped land on Oyinkan Abayomi Drive (formerly Queens Drive) in Ikoyi; a bungalow at No. 65a Oyinkan Abayomi Drive, Ikoyi; a four-bedroom duplex at 12a Probyn Road, Ikoyi; an industrial complex on 22 plots in Agbor, Delta State; eight apartments on Adekunle Lawal Road, Ikoyi; and a full duplex at 2a Bank Road, Ikoyi.

In addition to the properties, the court also ordered the interim forfeiture of two share certificates of Queensdorf Global Fund Limited Trust, a company allegedly linked to Emefiele.

EFCC counsel, Rotimi Oyedepo, (SAN), who brought the application for the orders in a suit marked FHC/L/MISC/500/24, argued that the assets were obtained through fraudulent activities.

“The money and properties in question are reasonably suspected to be proceeds of unlawful activities. We urge the court to grant this application to prevent any further dissipation of these assets,” Oyedepo said.

Oyedepo said the court was empowered to make the interim forfeiture order pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006 and Section 44 (2)(b) of the 1999 Constitution.

The EFCC’s investigation, as detailed in court documents, revealed that Emefiele allegedly negotiated kickbacks in exchange for foreign exchange allocations to companies in need of foreign currency for legitimate business purposes.

An investigator with the EFCC, Idi Musa, in his deposition, claimed that “These properties were acquired through Shell companies, all linked to Emefiele, with the sole purpose of laundering money.”

Musa further testified that the EFCC had recovered significant evidence, including title documents and company seals, during searches.

He said, “Sometime in 2018, one Olusola Bodunde acquired a parcel of land located at Hakeem Odumosu Street, Lekki Phase 1, Lagos and partnered with one Idowu Sharafa to develop three units of 5 bedroom duplexes with attached BQ on the land.

“Sometime in 2020, Omeke approached Bodunde and subsequently paid the total sum of N460, 000, 000, for two of the three developed duplexes, purchased in the name of Amrash Ventures Limited, all on behalf and on the instructions of Godwin Emefiele.

“That the sum of $2,045,000m and the shares certificate, were also recovered in the office of Mr. Collins Ifeanyi Omeke .

“Upon investigation, we discovered that Mr. Omeke purchased and perfected the title documents for several properties on behalf of Mr. Emefiele.

“Most of the fraudulently earned funds were invested in acquiring these properties, which are now sought to be forfeited to the Federal Government.”

Justice Aluko, after granting an interim forfeiture order, directed the EFCC to publish the same in a national newspaper and gave 14 days for anyone who has an interest in the funds and the assets to appear in court to show cause why they should not be permanently forfeited to the Federal Government.

The case has been adjourned to September 5, 2024, for further hearing.

The Thursday forfeiture is the latest in the series of forfeiture orders obtained by the anti-graft agency against Emefiele, who is facing multiple corruption charges.

On May 29, the same Federal High Court in Lagos ordered the forfeiture of $1.4m linked with the embattled apex bank ex-helmsman.

Previously, in the same month of May 23, the EFCC obtained forfeiture orders on $4.7m, N830m, and properties linked to Emefiele.

There was also a separate permanent forfeiture order on choice properties worth N12.18bn from Emefiele.

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HAPPENING NOW: LG election holds in Rivers despite police absence •PHOTOS

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The local government election has commenced in Rivers State, despite the absence of police to man the process.

 

Our source hinted that sensitive materials have been distributed across the local government areas.

 

 

The state governor, Siminalayi Fubara, has vowed to conduct the local government election amid tensions in the state.

 

 

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Nigerian Police Refund N1million Cash Extorted From Corps Members In Lagos As Officers Undergo Probe

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Three members of the National Youth Service Corps (NYSC) have been refunded N1million, which was allegedly extorted by four police officers in Surulere area of Lagos State.

 

The officers reportedly demanded the money after the corps members failed to provide a physical copy of a driver’s licence.

 

 

An X user, Oluyemi Fasipe, had shared details of the incident, stating that one of the corps members was also forced to transfer Bitcoin worth $842 to the officers.

 

 

The Lagos Police Public Relations Officer, Benjamin Hundeyin, confirmed the officers involved had been identified and were undergoing interrogation.

 

“The rogue men of the Area C command of the @LagosPoliceNG who extorted over 1 million naira from the corp members have refunded the money,” Fasipe tweeted on Friday, October 4.

 

 

Hundeyin had stated that the outcome of the trial would determine the culpability of the officers, which could lead to their dismissal. Fasipe also expressed appreciation for the efforts of both Hundeyin and the Lagos State NYSC office in facilitating the refund.

 

He further added, “I like to appreciate @BenHundeyin and the @officialnyscng Lagos State for their efforts too. I also like to use the opportunity to say hello to my friend in Delta State, @Brightgoldenboy.”

 

 

 

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FBI Requests EFCC’s Assistance To Arrest Two Nigerians, Shodiya Babatunde and Yinka Ahmed For Stealing $13Million From American Healthcare Provider…

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The Federal Bureau of Investigation has urged the Economic and Financial Crimes Commission to help track down and apprehend two Nigerian fugitives wanted over a multimillion-dollar healthcare scheme in the United States.

 

 

Babatunde Shodiya and Yinka Jamiu were indicted on September 25 by a grand jury at the U.S. District Court of Minnesota over their involvement in a scheme that saw several healthcare providers lose $13 million between October 2020 and 2024.

 

American officials said the suspects are citizens and residents of Nigeria and urged Nigeria’s frontline anti-graft office to help locate and take them into custody, according to officials familiar with the matter who briefed Peoples Gazette.

 

 

The U.S. officials have reached out to us and they said the suspects are hiding in the country,” an EFCC agent said under anonymity to comment on an ongoing investigation. “We have an obligation to honour the request of our U.S. counterparts as part of our longstanding collaboration to combat cross-border crimes.”

 

Messrs Shodiya and Jamiu targeted at least four Minnesota-based health service providers and tricked them into paying $13 million to a manipulated account rather than the intended beneficiaries.

 

 

Knowing that Optum Pay was the preferred payment system that major health service providers adopted in Minnesota, Messrs Shodiya and Jamiu created a fake domain to divert payment for health plans into an account they set up.

 

After creating a fake domain, fairviewhospitals.org, they opened email accounts in the name of the hospital’s CEO, executive vice-president and business analyst.

 

 

With the fake addresses, Messrs Shodiya and Jamiu sent emails to Fairview employees directing them to “access an Internet link and provide information,” including their usernames and passwords.

 

From the information supplied by the unsuspecting staff, the duo gained access to Fairview’s Optum Pay account and changed the bank information to another account.

 

“Defendants Babatunde and Ahmed then changed the banking information on vendor accounts in order to direct third-party vendors to transfer funds intended for Fairview Health into unauthorised bank accounts controlled by the defendants and their co-conspirators,” the indictment sheet stated.

 

 

While posing as Fairview Health CEO and executives, the suspects contacted vendor companies, including Blue Cross Blue Shield, to update their payment accounts with new ones.

 

“On or about July 29, 2020, Blue Cross Blue Shield of Minnesota made approximately 18 wire transfers totalling nearly $8 million to an account controlled by the defendants,” stated the indictment.

 

Company B, another vendor whose identity the FBI shielded, transferred over $1 million to the fraudulent account on November 19, 2020.

 

 

Company A, a vendor health plan provider, deposited $2.8 million into the fake account in two tranches: $1.4 million on November 25, 2020, and the second $1.4 million on December 4, 2020.

 

For impersonating Fairview’s CEO and other business executives on June 20, 2020, Mr Shodiya was facing additional charges of aggravated identity theft asides the wire fraud charges.

 

The duo will forfeit any money and property linked to the proceeds of the fraud to the U.S. government.

 

If the EFCC successfully tracks down Mr Shodiya and Mr Jamiu, they will be extradited to the U.S. to stand trial.

 

 

Peoples Gazette

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