(Note the bolded)

Court orders forfeiture of Ikoyigate apartment, $43,449,947, £27,800 and N23,218 cash
ON NOVEMBER 9, 20177:47 PM

By Soni Daniel, Northern Region Editor

Justice Saliu Sadu of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, ordered the temporary forfeiture of Flat 7B Osborne Towers, Ikoyi, Lagos, where the sum of $43, 449, 947, £27,800 and N23, 218 was found last April, to the Federal Government.

The Economic and Financial Crimes Commission, EFCC, had discovered the sums of $43, 449, 947, £27,800 and N23, 218 kept in iron cabinets and jute bags, otherwise known as ‘Ghana-must-go’ bags, in the apartment on Wednesday, April 12, 2017. The money had since been permanently forfeited to the Federal Government. Justice Sadu gave the forfeiture order on the flat following an ex parte application filed by the counsel to the EFCC, Rotimi Oyedepo. Oyedepo had, on May 5, 2017, revealed that the wife of a former Director-General of the National Intelligence Agency, Ayo Oke, Folashade, owns the apartment. She was said to have made cash payment of $1.658m for the flat between August 25 and September 3, 2015 in the name of a company, Chobe Ventures Limited. She and her son, Ayodele Oke Jnr., were said to be directors in the company. Oke was also said to have made the cash payment in tranches of $700,000, $650,000 and $353,700 to a Bureau de Change operator, Sulah Petroleum and Gas Limited, who later converted the money to N360, 000,000 and subsequently paid it to Fine and Country Limited for the purchase of the property.

In his ruling on the application today, Justice Sadu directed the EFCC to publish the forfeiture order within 14 days in any of the national dailies as notice to Chobe Ventures, its directors or any interested persons to appear before the court to show cause why the property should not be permanently forfeited to the Federal Government. The case was adjourned to November 30, 2017.

Meanwhile, barely two weeks after the former National Intelligence Agency Director General, Amb. Ayodele Oke, was sacked by President Muhammadu Buhari, a Federal High Court has ordered the forfeiture of the $43 million, $43,449,947, £27,800 and N23,218,000 found in his wife’s Ikoyi apartment in April this year, to the federal government. In responding to the EFCC prayers, Muslim Hassan ordered the forfeiture of the amount to the government. Hassan said, “I am in complete agreement with the submission of the learned counsel for the applicant (EFCC) that the property sought to be attached are reasonably suspected to be proceeds of unlawful activities and that by every standard this huge sum of money is not expected to be kept without going through a designated financial institution. “More so, nobody has shown cause why the said sum should not be forfeited to the federal government of Nigeria. Having regard to the foregoing, I have no other option than to grant this application as prayed”

Apparently excited about the seizure, the Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, yesterday, called on Nigerians who want a positive change in the country to take advantage of the whistle blowing policy announced by the government early this year and expose more looters and earn money in the process. Magu, who made the plea at the ongoing 7th Session of the Conference of State Parties to the United Nations Convention Against Corruption holding in Vienna, Austria said aside from contributing to the eradication of corruption, potential whistleblowers also stand of benefitting from the illicit acquisition by the looters.

According to him, the young man who blew the whistle on the $43,449,947, £27,800 and N23,218,000 recovered on April 7, 2017 by the EFCC in an apartment located at 16, Osborne Road, Ikoyi is already a millionaire by virtue of the percentage he is officially entitled to.

Magu said, “We are currently working on the young man because this is just a man who has not seen one million naira of his own before. So he is under counselling on how to make good use of the money and also the security implication. We don’t want anything bad to happen to him after taking delivery of his entitlement. He is national pride”, he said. “So we encourage more whistle blowers to come forward with genuine information that will lead to recoveries from looters of public treasuries. That is part of the ways we can put an end to the looting madness in the public sector. “When they know that they have no place to keep the loot, as all eyes are on them, they will find looting of public treasuries unattractive “.

https://www.vanguardngr.com/2017/11/court-orders-forfeiture-ikoyigate-apartment-43-m-cash/

**EFCC boss, Magu

And who still is the owner of that staggering amount of money because NIA is not the genuine owner of that said money.

Paperwhite:
And who still is the owner of that staggering amount of money because NIA is not the genuine owner of that said money.

The owner wants nothing to do with the money

This is just stupidity , so the apartment has no owner ?

9jaDoc:


The owner wants nothing to do with the money

The owner's main concern should be avoiding jail

tuscani:
This is just stupidity , so the apartment has no owner ?

Did u read the article. They know the owner. The owner, wisely, is not comming forward to claim the money. Unlike one Patience Jonathan.

Paperwhite:
And who still is the owner of that staggering amount of money because NIA is not the genuine owner of that said money.

They will never say this, meanwhile Ayodele Oke is walking around feeling funky while we are being taken for another ride by APC government of propaganda.

9jaDoc:


Did u read the article. They know the owner. The owner, wisely, is not comming forward to claim they money. Unlike one Patience Jonathan.

you are the one not being scrupulosity, how can dey just seize the apartment like that , the owner of the apartment must be held as well, he must face the law.

BankeSmalls:


They will never say this, meanwhile Ayodele Oke is walking around feeling funky while we are being taken for another ride by APC government of propaganda.

DID YOU PEOPLE READ THE ARTICLE??!!

It says who the owner of the building is right there!!

9jaDoc:


DID YOU PEOPLE READ THE ARTICLE??!!

It says who the owner of the building is right there!!

Have they arrested Ayodele oke?

tuscani:
you are the one not being scrupulosity, how can dey just seize the apartment like that , the owner of the apartment must be held as well, he must face the law.

How about people like Patience Jonathan who are even fighting for clearly criminal money?

BankeSmalls:


Have they arrested Ayodele oke?

He never came out to say the money is his. On what basis do you prosecute him?

9jaDoc:


How about people like Patience Jonathan who are even fighting for clearly criminal money?

why personalize this issue, how does this relate to Patience

tuscani:
why personalize this issue, how does this relate to Patience

This is How:

The admission by Patience Jonathan that she owns the whopping $31.4 million recently discovered in four bank accounts that were frozen by the Economic and Financial Crimes Commission (EFCC) has placed her as the richest First Lady that Nigeria ever had, investigation by Daily Trust on Sunday has shown.
-----
She is standing on the premise of her constitutional right to “own property” to assert that the curious accounts opened and maintained in the name of the houseboys of her former domestic aide were hers, in actual sense.

9jaDoc:


He never came out to say the money is his. On what basis do you prosecute him?

Well on the same basis police arrest u if they find cash in your car.

VillageWinch:


Well on the same basis police arrest u if they find cash in your car.

Police don't arrest u for having cash in your car

BankeSmalls:


Have they arrested Ayodele oke?

No mind them, hypocrites

9jaDoc:


Police don't arrest u for having cash in your car

Says who? Let police catch u with N2m and see how quickly u r in jail

9jaDoc:


This is How:

The admission by Patience Jonathan that she owns the whopping $31.4 million recently discovered in four bank accounts that were frozen by the Economic and Financial Crimes Commission (EFCC) has placed her as the richest First Lady that Nigeria ever had, investigation by Daily Trust on Sunday has shown.
-----
She is standing on the premise of her constitutional right to “own property” to assert that the curious accounts opened and maintained in the name of the houseboys of her former domestic aide were hers, in actual sense.

...But the issue here is not about patience Jonathan, do you have a number, let me call you

tuscani:
why personalize this issue, how does this relate to Patience

I mean how about if he sues them to give him back his money, like Patience, what does EFCC do then, that's what he means I guess

tuscani:
...But the issue here is not about patience Jonathan, do you have a number, let me call you

DM me instead. Let's see if there is any chance of getting this country cleaned up

VillageWinch:


I mean how about if he sues them to give him back his money, like Patience, what does EFCC do then, that's what he means I guess

Exactly. It's like taking a plea bargain without dragging EFCC through court

VillageWinch:


Says who? Let police catch u with N2m and see how quickly u r in jail

Not in my Naija. All you have.to do is give them a small part of it and you are on.your merry way in no time

This whistle blower concept really needs to be publicised. Lalasticlala, mynd44

9jaDoc:
This whistle blower concept really needs to be publicised. Lalasticlala, mynd44

TBH I'm seriously eyeing that whistle blower of a thing as a way

VillageWinch:


TBH I'm seriously eyeing that whistle blower of a thing as a way

It doesn't work that way. You must have something meaningful and substantial before EFCC gives you any money

Paperwhite:
And who still is the owner of that staggering amount of money because NIA is not the genuine owner of that said money.

The owner is now a saints.

If anyman be in APC old things are passed away

engineerboat:



The owner is now a saints.

If anyman be in APC old things are passed away

Like I said, he just took s plea bargain without dragging EFCC through court. If they went to court that will still be the outcome, that is if the court don't take bribe and let him keep the money!

9jaDoc:
This whistle blower concept really needs to be publicised. Lalasticlala, mynd44

Too slow, buddy. Someone else beat u to it

9jaDoc:


He never came out to say the money is his. On what basis do you prosecute him?

Ayodele oke should be arrested for keeping the money in the hired house and bot at cbn.

9jaDoc:
(Note the bolded)

Court orders forfeiture of Ikoyigate apartment, $43,449,947, £27,800 and N23,218 cash
ON NOVEMBER 9, 20177:47 PM

By Soni Daniel, Northern Region Editor

Justice Saliu Sadu of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, ordered the temporary forfeiture of Flat 7B Osborne Towers, Ikoyi, Lagos, where the sum of $43, 449, 947, £27,800 and N23, 218 was found last April, to the Federal Government.

The Economic and Financial Crimes Commission, EFCC, had discovered the sums of $43, 449, 947, £27,800 and N23, 218 kept in iron cabinets and jute bags, otherwise known as ‘Ghana-must-go’ bags, in the apartment on Wednesday, April 12, 2017. The money had since been permanently forfeited to the Federal Government. Justice Sadu gave the forfeiture order on the flat following an ex parte application filed by the counsel to the EFCC, Rotimi Oyedepo. Oyedepo had, on May 5, 2017, revealed that the wife of a former Director-General of the National Intelligence Agency, Ayo Oke, Folashade, owns the apartment. She was said to have made cash payment of $1.658m for the flat between August 25 and September 3, 2015 in the name of a company, Chobe Ventures Limited. She and her son, Ayodele Oke Jnr., were said to be directors in the company. Oke was also said to have made the cash payment in tranches of $700,000, $650,000 and $353,700 to a Bureau de Change operator, Sulah Petroleum and Gas Limited, who later converted the money to N360, 000,000 and subsequently paid it to Fine and Country Limited for the purchase of the property.

In his ruling on the application today, Justice Sadu directed the EFCC to publish the forfeiture order within 14 days in any of the national dailies as notice to Chobe Ventures, its directors or any interested persons to appear before the court to show cause why the property should not be permanently forfeited to the Federal Government. The case was adjourned to November 30, 2017.

Meanwhile, barely two weeks after the former National Intelligence Agency Director General, Amb. Ayodele Oke, was sacked by President Muhammadu Buhari, a Federal High Court has ordered the forfeiture of the $43 million, $43,449,947, £27,800 and N23,218,000 found in his wife’s Ikoyi apartment in April this year, to the federal government. In responding to the EFCC prayers, Muslim Hassan ordered the forfeiture of the amount to the government. Hassan said, “I am in complete agreement with the submission of the learned counsel for the applicant (EFCC) that the property sought to be attached are reasonably suspected to be proceeds of unlawful activities and that by every standard this huge sum of money is not expected to be kept without going through a designated financial institution. “More so, nobody has shown cause why the said sum should not be forfeited to the federal government of Nigeria. Having regard to the foregoing, I have no other option than to grant this application as prayed”

Apparently excited about the seizure, the Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, yesterday, called on Nigerians who want a positive change in the country to take advantage of the whistle blowing policy announced by the government early this year and expose more looters and earn money in the process. Magu, who made the plea at the ongoing 7th Session of the Conference of State Parties to the United Nations Convention Against Corruption holding in Vienna, Austria said aside from contributing to the eradication of corruption, potential whistleblowers also stand of benefitting from the illicit acquisition by the looters.

According to him, the young man who blew the whistle on the $43,449,947, £27,800 and N23,218,000 recovered on April 7, 2017 by the EFCC in an apartment located at 16, Osborne Road, Ikoyi is already a millionaire by virtue of the percentage he is officially entitled to.

Magu said, “We are currently working on the young man because this is just a man who has not seen one million naira of his own before. So he is under counselling on how to make good use of the money and also the security implication. We don’t want anything bad to happen to him after taking delivery of his entitlement. He is national pride”, he said. “So we encourage more whistle blowers to come forward with genuine information that will lead to recoveries from looters of public treasuries. That is part of the ways we can put an end to the looting madness in the public sector. “When they know that they have no place to keep the loot, as all eyes are on them, they will find looting of public treasuries unattractive “.

https://www.vanguardngr.com/2017/11/court-orders-forfeiture-ikoyigate-apartment-43-m-cash/

**EFCC boss, Magu

Story for the gullible.
APC owns that cash.