A Federal Capital Territory High, FCT, Court (No.3) Maitama, presided over by Hon Justice Baba H. Yusuf, ruled on an ex-parte application filed by the Independent Corrupt Practices and Other Related Offences Commission, ICPC granting it the final forfeiture order against the Shehu Yar’Adua Foundation (centre) and 24 other registered properties in Abuja.

The ICPC spokesman, Rasheedat Okoduwa, in a statement on Thursday, said that the forfeiture order was granted over alleged tax evasion by the owners of these properties for which the Federal Inland Revenue Service, FIRS, had to prepare a schedule of tax obligations against them.

According to her, the forfeited companies were among 29 entities that had been earlier approached with a net N8.6 billion tax liability.

The companies, she said, denied ownership of the properties.

“For this reason, a complaint was submitted to the office of the Vice President of the Federal Republic of Nigeria, which was forwarded to the Commission for further action,” Mrs Okoduwa said.

She explained that three companies — Frankdiowo Nigeria Limited, Kati Nigeria Limited and R.Timmermann & Co Nigeria Limited – appeared in court to explain why their properties should not be finally forfeited by urging the court to discharge them.

Mrs Okoduwa, however, said only Frankdiowo Nigeria Limited showed “good cause” and was discharged, while the other two will return to court for the hearing of their affidavits.

https://dailynigerian.com/nigerian-govt-seizes-yaradua-centre-24-other-properties-in-abuja/


She said many of the forfeited properties are located in central highbrow areas of Abuja such as Wuye, Jahi, Utako, Wuse, Garki II, etc.

Lol

Nigeria will become a great nation if our politicians can employ the same energy they have for revenue generations for a developmental projects.

Somuch money in my Country yet we're still borrowing to fund our bills.

It will shock you to know the figures from Custom to Road safety, Telecom, NIMASA, CBN. Not to talk about The Almighty FIRS, the Oil & Gas sector and Dozens of other money spinning agencies.

Ah ah

Brandstudio01:
Interesting. Then again I ask, What happens to the properties belonging to both PDP And APC corruption politicians.

Who is fooling who in this country

Focus on the specific content of the thread. It says nothing about any PDP or APC owned property or belonging to their politicians. Stop fooling yourself with baseless goalpost shifting attempts

Hmmm

She explained that three companies — Frankdiowo Nigeria Limited, Kati Nigeria Limited and R.Timmermann & Co Nigeria Limited – appeared in court to explain why their properties should not be finally forfeited by urging the court to discharge them.





Federal government is really WORKING to finish the remaining Nigeria

year of seizure

I really done like GMB government because it has officially legalized nepotism. However, no administration has given corrupt politicians and greedy people sleepless night like this government.

Does this reduce the price of Rice now? Turkey is scarce and Christmas is here and this is the news we get abi? Thunder Biko where are you?

Ok

Turn by them go vomit all. Including this so called Apc thieves.

Brandstudio01:
Interesting. Then again I ask, What happens to the properties belonging to both PDP And APC corruption politicians.

Who is fooling who in this country. Please let's fight corruption to a still. Not all this drama

Please can you point out where anybody associated with PDP was mentioned in this article.

This year hot oooo....All the seizing wey dem dey do since Don turn to audio Recoveries

Make una Let dead Yaradua to rest in perfect peace na!!!!

If it's a proceeds of corruption, no problem.

Audio

The table this government is shaking, I will not be surprised to see the same treatment being inflicting upon them if power could change hands. If u think this regime is clean, then wait till power change hands. They are just chasing perceived enemies while their houses are full of corruption.

Seems this is the reason we ushered in Next level. Keep seizing while we languish

Brandstudio01:
Interesting. Then again I ask, What happens to the properties belonging to both PDP And APC corruption politicians.

Who is fooling who in this country. Please let's fight corruption to a still. Not all this drama

Do you understand what you read or you just want to shout cos others are shouting?

You are behaving like a blind man in a football viewing centre.

So, nobody happens to be the owner of this magnificent building

Something like this once happen in Egypt some generation ago. The land and all animals, including humans where forfeited to the king,. .
history has reputed itself here.

ybalogs:
Seems this is the reason we ushered in Next level. Keep seizing while we languish

You are languishing?

You must be a smuggler of rice or a beneficiary of theft.

Buhari govt wan cause problem with aboki people

Fowler firs was the worst,just trying to please Buhari by taxing Nigerians without recourse to economic principles.just taxing anything taxable in order to please Buhari but at the end of the day he kissed Buhari's ass.

adioolayi:
So, nobody happens to be the owner of this magnificent building

Them no born the owner to come out and claim ownership.

How did he or she get the money?

voltron14:


Please can you point out where anybody associated with PDP was mentioned in this article.

Are you minding him?

All the smart people have left PDP. It is people like Pachukwudi, SalamRushdie, Iporks and some misguided illiterates that remain there.

SmilingScorpion:


Turn by them go vomit all. Including this so called Apc thieves.

Don't rejoice over evil. That you support it today, doesn't mean it will spare you tomorrow.