Skip to main content

Osborne Towers: EFCC invites ex-governor, others.

How NIA got property where $43.4m was found
Amaechi seeks N2b compensation
Detectives are to question a former governor and some high-profile owners of apartments in Osborne Towers, Ikoyi, Lagos where $43.4million was recovered last Wednesday.
Besides, the Economic and Financial Crimes Commission (EFCC) has identified how the controversial apartment 7B, where the $43.4m was kept, was acquired. Also recovered were £27,000 and N23m cash.
The EFCC has intensified investigation into the roles played by some apartment owners and tenants on how the cash was brought into the Towers, The Nation has learnt.
The anti-graft agency is said to be suspecting that some owners or tenants may have been complicit in the matter.
A source said: “The more we investigate this $43.4m haul, the more we get fresh facts. It has become imperative to interact with some owners or tenants of apartments in the Towers.
“We have invited a former governor and other high-profile owners and tenants for interaction. It is just to ask a few questions on whether or not they were aware of such movement of cash.
“We have clues linking some occupants of the Towers to the cash haul. And in line with sections 16 and 17 of the EFCC (Establishment Act) 2004, we are inviting these landlords or tenants.
“Unless we get to the root of this case, Nigerians may not know the truth or otherwise about the cash.
“We are not saying that those invited are guilty of any infraction or having link with the $43.4million but we need to hear from them – in line with the ongoing profiling of those in the Towers.”
Sections 16 and 17 of the EFCC Act reads: “A person when – (a) whether by concealment. removal from jurisdiction, transfer to nominees or otherwise retains the control of the proceeds of a criminal conduct or an illegal act on behalf of another person knowing that the proceeds is as a result of criminal conduct by the principal, or (b) knowing that any property is in whole, or in part, directly or indirectly represent another person’s proceeds of a criminal conduct, acquires or uses that property or has possession of it, commits an office and is liable on conviction to imprisonment for a term not less than five years or to a fine equivalent 105 times the value of the proceeds of the criminal conduct or to both such imprisonment and fine.
“(1) A person who, without lawful authority (a) engages in the acquisition, possession or use of property knowing at the time of its acquisition, possession or use that such property was derived from any offence referred to in this section, or
(b) engages in the management, organisation of financing of any of the offences under this Act; or(c) engages in the conversion or transfer of property knowing that such property is derived from any offence under this Act; or
(d) engages in the concealment or disguise of the true nature, source, location, disposition, movement, rights with respect to or ownership of property knowing that such property is derived from any offence referred to in this section, commits an offence under this Act and is liable on conviction to the penalties provided in Subsection (2) of this section.
”The penalties for offences under subsection (I) of this section shall be imprisonment for a term not less than 15 years and not exceeding 25 years.”
Meanwhile, there were indications yesterday that the EFCC had been able to trace how the controversial 7B apartment, where the $43.4m was kept, was acquired.
Another source said detectives discovered that the 7B Apartment was bought in the name of a company allegedly owned by the wife of a senior government official.
“Since investigation is still ongoing, we will not release the identity of the owner of the company. Doing so might jeopardise investigation,” the source said, adding that the EFCC had interacted with “some people from the company.”
A National Intelligence Agency (NIA) source said of the apartment: “What happened was that because of the nature of the covert operations which the apartment will be used for, it was necessary to manage the process well.”
Only the Deed of Assignment was acquired by Thabis Ventures Limited on behalf of NIA. “And immediately the process for the purchase of the apartment was completed, the ownership was clearly stated in the name of NIA. All the papers are reflecting NIA too, he said, adding: “The title document is available for anyone to verify."
http://thenationonlineng.net/osborne-towers-efcc-invites-ex-governor-others/

Comments

Popular posts from this blog

TRAGEDY HITS INDIA AS ACCIDENT CLAIMS OVER 200 PASSENGERS;FETUS UNSURE OF SURVIVAL

A friend on whatsapp just shared this from Indian Capital with details written all in Arabic.The Fetus in one of the victims' womb forcefully came out and as the the moment of gathering this report,the survival of the Fetus and other victims could not be ascertain. This is one of the most terrible accident that has ever occurred in Indian according to him. Viewers discretion are advised!

Police arrests three lecturers in Ambrose Ali University for alleged cultism

Some Lecturers of the Ambrose Ali University, Ekpoma have been arrested by the Edo State Police Command for allegedly practising Cultism. The Commissioner of Police, Haliru Gwandu, who disclosed this to journalists in Benin on Tuesday, added that firearms were recovered from the arrested academics. Gwandu also said that among those arrested was a professor, from whom a double-barrel gun, single-barrel gun and one pump action gun were allegedly recovered. The police commissioner said, “The professor was arrested. He was granted bail. The case is under investigation.” Gwandu’s statement came less than a week after the command refuted reports that its operatives allegedly brutalised the Dean of the Faculty of Law of the university, Prof. Sunday Edeko. The commissioner expressed displeasure over the high rate of cultism around the institution located in Esan West Local Government Area, which he said had claimed many lives. He said there had been distress calls from me...

Man Utd overtake Real Madrid to top Forbes football rich list

Manchester United have overtaken Real Madrid as the world's most valuable football team, according to business magazine Forbes. United were valued at $3.69bn (£2.86bn) and returned to the top of the annual list for the first time in five years. Spanish club Barcelona were second with a worth of $3.64bn (£2.82bn) as Real $3.58bn (£2.77bn) went down to third. Six English teams were in the top 10, with Manchester City, Arsenal, Chelsea, Liverpool and Tottenham joining United. German champions Bayern Munich were fourth, while Italian title winners Juventus were ninth. Real, who won the Champions League and Spanish title, had been top for the past four years but saw their value drop by 2% as United's went up by 11%. "Manchester United's return to the top spot is a testament to their powerful brand and marketing acumen," Forbes Media assistant managing editor Mike Ozanian said in a statement. Leicester, who won the English Premier League in 2015-16, were 1...