Ikoyi Cash Haul: House Belongs To Wife of NIA Boss- EFCC | Touch Latest Local,World,Tech,Entertainment,Health,Sport News
19 April 2018 00:00:00 AM Breaking News

• CRIME

Ikoyi Cash Haul: House Belongs To Wife of NIA Boss- EFCC

Money-found-in-Andrew-Yakubu

The Economic and Financial Crimes Commission, EFCC, on Friday, May 5, 2017, has told Justice Muslim Hassan of the Federal High Court sitting in Ikoyi, Lagos how the wife of the suspended Director-General of the National Intelligence Agency, NIA, Ayo Oke, Folashade, allegedly acquired the property situated at Flat 7B, 13, Osbourne Road, Osbourne Towers, Ikoyi, Lagos, where the sums of $43,449,947, £27,800 and N23,218,000 were recently recovered by the Commission.
The EFCC is seeking an order of final forfeiture of the recovered money to the Federal Government.
Oke was said to have made a cash payment of $1.658m for the purchase of the flat between August 25 and September 3, 2015 in the name of a company, Chobe Ventures Limited.
She and and her son, Ayodele Oke Junior, are 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 company, Sulah Petroleum and Gas Limited, which later converted the sums into N360,000,000 and subsequently paid it to Fine and Country Limited for the purchase of the property.
The prosecution counsel, Rotimi Oyedepo, tendered as exhibit the receipt issued by Fine and Country Limited to Chobe Ventures Limited.

According to Oyedepo, “The circumstances leading to the discovery of the huge sums stockpiled in Flat 7B, Osborne Towers, leaves no one in doubt that the act was pursuant to an unlawful activity.
“The very act of making cash payment of $1.6m without going through any financial institution by Mrs. Folashade Oke for the acquisition of Flat 7B, Osborne Towers, is a criminal act punishable by the Money Laundering (Prohibition) Amendment Act. I refer My Lord to sections 1(a), 16(d) and 16(2)(b) of the Money Laundering (Prohibition) Amendment Act. ”
Also, in the affidavit filed by the prosecution , Chobe Ventures, which is not into any business, was said to be merely incorporated to retain proceeds of suspected unlawful activities of Oke.
While urging the court to order the permanent forfeiture of the funds to the Federal Government, Oyedepo argued that the property, which was purchased in a criminal manner, made the money recovered therein to be proceeds of unlawful acts.”
Oyedepo further said that that despite the newspaper advertisement of the initial order of April 13, 2017 temporarily forfeiting the money to the Federal Government, no one showed up in court today to show cause why the money should not be permanently forfeited to the Federal Government.
Oyedepo also observed that Chobe Ventures Limited, in whose apartment the huge sums were recovered, did not come to court to challenge the forfeiture order, despite being served with the motion on notice at its registered address of No. 18 Ogunmodede street, off Allen Avenue, Ikeja, Lagos.

Recommended

Loading...

Related Posts

Police Dislodges Notorious Kidnapping Gang Along Kaduna Abuja Highway

The Nigeria Police has arrested and paraded members of the vicious and notorious

Read More

Mumbai Crime High-profile sex racket busted at Vasai

The Manikpur Police have exposed a high-profile sex racket and rescued three g

Read More

Osun Police arrest gang of ritualists over murder of UNIOSUN student

Osun State Police Command has arrested another gang of ritualists alleged to hav

Read More

Nigeria ranks 3rd in global internet crimes behind UK, U.S. – NCC

The Nigerian Communications Commission, NCC, says Nigeria currently ranks third

Read More

FCT Police Arrests Suspect, Calls For Vigilance When Boarding Taxi

The FCT Police Command has advice residents to be vigilant when boarding taxi as

Read More

Dammy Krane arrested for armed robbery in the US

Trouble looms for the singer as he risks 30 years in jail if convicted.

Read More

Ikoyi Cash Haul: House Belongs To Wife of NIA Boss- EFCC

The Economic and Financial Crimes Commission, EFCC, on Friday, May 5, 2017, has

Read More

S.A. : Protests turn violent as white farmers accused of killing black boy get bail

Home  Africa  Southern AfricaAfricaSouthern AfricaS.A. : Pro

Read More

Man 65-yrs Drags 38-yrs-Old Wife To Court Over Adultery In Ibadan

David Adeoye: A 65-year-old man on Friday told an Ibadan Customary Court, sittin

Read More

Abducted Lagos councillorship candidate’s daughter regains freedom

Bukola, daughter of Mr Bode Adeosun, All Progressives Congress (APC) councillors

Read More

Also Read

Nobody has plan to Islamise Nigeria – Onaiyekan

John Cardinal Onaiyekan, the Catholic Archbishop of Abuja, has called on Chris

Read More

Buhari reconstitutes board of FCT internal revenue service

President Muhammadu Buhari Friday approved the reconstitution of the Board of Fe

Read More

Tiwa Savage, Tee Billz Are Not Getting A Divorce!

Singer, Tiwa Savage and her husband, Teebillz seem to have

Read More

Uber Selects Expedia CEO Dara Khosrowshahi to Lead Company

Uber Technologies Inc.’s board has voted to appoint Expedia Inc

Read More

Lagos Neighbourhood Corps not competing with police – Chairman

Israel Ajao, Chairman, Lagos Neighbourhood Safety Corps, has said that the gover

Read More

Nigeria spends N4 billion on health interventions in North-east, Minister says

The Nigerian Government through the Ministry of Health has spent over N 4 billio

Read More

Interview: Lithuania welcomes China's effort for connectivity under Belt and Road Initiative

Lithuania hopes to strengthen economic cooperation with China and welcomes Chi

Read More

12-Year-Old Australian Boy Arrested After 1300km Solo Drive

The kids of this generation have been born with an adventurous soul. Some ki

Read More

Chelsea will need deeper squad for Champions League – Conte

Antonio Conte insists that Tottenham have not been disadvantaged by European com

Read More

CHOLERA BREAKS OUT IN SASA ASHAWALE STREET IN IBADAN KILLS 2 KIDS

Cholera breaks out in Ashawale,sasa northgate hotel, Ibadan. A report was

Read More

CONNECT ON FB

CATEGORIES

  • NIGERIA
    360
  • WORLD
    232
  • TECHNOLOGY
    166
  • HEALTH
    69
  • SPORT
    203
  • BUSINESS
    65
  • ENTERTAINMENT
    137
  • POLITICS
    45
  • GENERAL
    251
  • EDUCATION
    32
  • RELIGION
    19
  • LIFESTYLE
    32
  • FASHION
    12
  • CULTURE
    2
  • MEDIA
    15
  • CRIME
    26
  • RELATIONSHIP
    2
  • OPINION
    1
  • ASIA
    10
  • INSURANCE
    7
  • FSS SOCIAL FEEDS
    11