After Suing Buhari Over CBN Policy, Court Seize Assets Linked To Yahaya Bello |FS News
After suing Buhari over CBN policy, court seize assets linked to Yahaya Bello
A ruling by Justice Nicholas Oweibo has ordered the seizure of at least 14 multi-billion properties situated in Abuja, Lagos and Dubai linked to the Kogi state government.
The ruling was given after the Economic and Financial Crimes Commission (EFCC) presented a case about uncovering these assets.
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As reported by The Nation newspaper, the presiding judge gave the ruling after an ex parte motion was filed and argued by EFCC counsel, Mr Rotimi Oyedepo, SAN, in suit FHC/L/CS/301/2023.
The prosecuting counsel, Oyedepo, told the court that the properties discovered by the EFCC were connected to the Kogi state government and suspected to have been acquired illegally.
In his ruling, Justice Oweibo sanctioned the immediate seizure of N400 million traced to the state government.
As reported by Sahara reporters, Oyedepo further told the court that the N400 million was suspected to been got from unlawful activity “and intended to be used for the acquisition of Plot No. 1224 Bishop Oluwole Street, Victoria Island, Lagos.”
The judge also directed the (EFCC) to publish the order within 14 days for any interested party to show cause why the forfeiture order should not be made permanent.
Recall that Governor Yahaya Bello of Kogi state was one of the many APC governors who filed a joint suit against President Muhammadu Buhari and the Central Bank of Nigeria (CBN).