By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

Court Orders Interim Forfeiture Of N725m Banana Island Property Linked To Ex NIMASA DG, Akpobolokemi

Last updated: April 4, 2023 6:19 pm
3 years ago BY AMAKA OKORO
Share
2 Min Read
ait image 1 3
Patrick Akpobolokemi Ex NIMASA DG

Justice Tijani Ringim of the Federal High Court sitting in Ikoyi, Lagos has ordered the interim forfeiture of the sum of Seven Hundred and Twenty-five Million, three hundred and forty-five thousand, Eight Hundred and Ninety-Seven naira, a property situated at Plot J 37A 218 Close, 2nd Avenue, Banana Island, Ikoyi, Lagos State linked to Patrick Akpobolokemi, a former Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA.

The Judge gave the Order following a motion ex parte filed and argued by the Economic and Financial Crimes Commission, EFCC.

Also Read: Text of President Muhammadu Buhari’s 2021 Democracy Day National Broadcast on June 12

Moving the application, counsel to the EFCC, Bilikisu Buhari submitted that the money was reasonably suspected to be proceeds of an unlawful activity.

Buhari also argued that the property was reasonably suspected to have been acquired with proceeds of an unlawful activity.

The EFCC counsel further prayed for an order directing the EFCC to publish the interim Order in a national newspaper to enable anyone interested in the properties sought to be forfeited to appear before the court to show cause within 14 days on why the final order of forfeiture of the said properties should not be made in favour of the Federal Government of Nigeria.

Justice Ringim, in granting the application held that he finds merit in the statutory application and grants same as prayed.

(Editor: Ena Agbanoma)

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Invest in African Energy (IAE) 2026 to Spotlight Africa’s Energy Growth Amid Low-Carbon Push December 30, 2025
  • Data Centers Could Be the Spark Africa’s Power Sector Needs (By NJ Ayuk) December 30, 2025
  • National Energy Champions Confirm Participation at Libya Energy & Economic Summit 2026 December 29, 2025
  • Dr. Rasha Kelej meets Burundi First Lady for the 12th Edition of Merck Foundation Africa Asia Luminary to discuss their joint programs to build healthcare capacity and support Girl Education December 29, 2025
  • Orange Middle East & Africa and the Confederation of African Football sign a landmark agreement for the mobile broadcast via the Max it super app December 29, 2025

Trending

Insecurity
Coalition of Northern Youths threaten mass action over insecurity
Local
aitlive 3 5
NAPTIP rescues 12-year-old girl forced into marriage in Benue State
Local
aitlive 1 33
President Tinubu vows to end Nigeria’s reliance on borrowing, targets 18% rise in Tax to GDP ratio
Economy Headlines
aitlive 7 1
Tinubu Meets Ayim, Metuh At Presidential Villa
Local
AIT IMAGES 4
Zamfara Govt. Pledges To Prioritise Girl-Child Education
Local

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?