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EFCC Seizes N1.350 Billion Lagos & Abuja Choice Properties Acquired by Gov. Fayose
Posted by Odinaka on Sun 17th Jul, 2016 - tori.ngThe Economic and Financial Crimes Commission (EFCC) has seized six choice properties allegedly acquired by Governor Ayodele Fayose of Ekiti State with stolen public funds.
Gov. Ayo Fayose
According to impeccable sources who disclosed exclusively to The Nation, the Economic and Financial Crimes Commission (EFCC) has seized six choice properties allegedly acquired by Governor Ayodele Fayose of Ekiti State with stolen public funds.
It was reported that the duplexes which were allegedly acquired for him by his associate, Abiodun Agbele and sister, Mrs. Moji Ladeji, are estimated at N1.350 billion and include four in Lagos and two in Abuja.
Operatives of the anti-graft agency have located and marked the duplexes as follows: 44, Osun Crescent and 32, Yedseram Street in Maitama, Abuja; and houses 3, 4, 6, and 9 in Plot 100, Tiamiyu Savage Street, Victoria Island, Lagos, as EFCC sources said the funds were wired to pay for the duplexes.
While the duplex on Osun Crescent was allegedly bought for N200million from Skye Bank Plc, the one located in Yedseram Street in Abuja was purchased for N270million from a businessman, Rabi Kundili.
All the houses in Lagos were paid for by Abiodun Agbele, the detained associate of the governor who is currently under investigation who allegedly paid over N880 million for the Lagos properties.
It was learnt from sources that the duplexes were “acquired within 180 days in office by Fayose.”
“We have discovered that he paid for the houses through his associate’s company, De-Privateer Limited of Agbele.
“De-Privateer remitted slush funds into three accounts including FCMB (0519693019), First Bank of Nigeria (1000070240) and Zenith Bank (1014016919).
“The payments were made as follows: First Bank—N40m (29/1/15); N39.5m (30/1/15); N132.5 (30/1/ 15); N3.2m (4/2/15); N980, 000(4/2/15); N200m (17/2/15); N47m (13/2/15); N50m (13/2/15).
“The lodgements in an account in Zenith Bank (1014016919) included N42.5m (9/4/15); N25m (23/4/15); and N229m (6/3/15). About N200million was paid into FCMB account 0519693019 on March 9, 2015.”
The source said the anti-graft agency seized the properties by invoking sections 28 and 34 of the EFCC (Establishment Act) 2004 and Section 13(1) of the Federal High Court Act, 2004 which empower the anti-graft agency to invoke Interim Assets Forfeiture Clause.
“Section 28 of the EFCC Act reads: ‘Where a person is arrested for an offence under this Act, the Commission shall immediately trace and attach all the assets and properties of the person acquired as a result of such economic or financial crime and shall thereafter cause to be obtained an interim attachment order from the Court.’
Section 13 of the Federal High Court Act reads in part: “The Court may grant an injunction or appoint a receiver by an interlocutory order in all cases in which it appears to the Court to be just or convenient so to do.
(2) “Any such order may be made either unconditionally or on such terms and conditions as the Court thinks just.”
The source added: “One of the suspects in custody, Agbele, has been linked to the purchase of most of all these properties. In fact, funds for the purchase of these mansions were laundered through the account of Agbele’s company called De-Privateer.
“Since the houses are under investigation, we have decided to invoke the assets forfeiture clause in our Act.”
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