Ike Okoro Official Blog

According to the court papers argued by the Economic and Financial Crimes Commission (EFCC), the property, which has 24 apartments, 18 flats and six penthouses, is located as Building 3, Block B, Bella Vista Plot 1, Zone N, Federal Government Layout, Banana Island Foreshore Estate. Justice Chuka Obiozor of the Federal High Court in Ikoyi, Lagos, on Wednesday ordered the temporary forfeiture of a $37.5m property at Banana Island bought by a former Minister of Petroleum Resources, Diezani Alison-Madueke, in 2013. According to the court papers argued by the Economic and Financial Crimes Commission (EFCC), the property, which has 24 apartments, 18 flats and six penthouses, is located as Building 3, Block B, Bella Vista Plot 1, Zone N, Federal Government Layout, Banana Island Foreshore Estate. Apart from the property, the court also ordered the temporary forfeiture of the sums of $2,740,197.96 and N84,537,840.70, said to be part of the rent collected on the property. The...

Acting President Yemi Osinbajo has said without any doubt that Nigeria as one of the greatest countries in the world. He also said that in about 10 years from now, Nigeria will be rated among 15 largest economies in the world. In his own words, “This country is one of the greatest countries in the world, there is no question at all about that. We see that in another ten years, probably we will be measuring with the 15th largest economies in the world.” A statement released by the acting president’s Senior Special Assistant on Media and Publicity, Laolu Akande, quoted Osinbajo as making this declaration on Tuesday at the palace of the Emir of Gusau, Alhaji Ibrahim Bello, during a one-day visit to Zamafara State. Speaking at the palace of the emir, the acting president said he was in the state to see the performance of Governor Abdulaziz Yari. He said the Muhammadu Buhari-led Federal Government wants to see a Nigeria safe for “our people to work and live and I am especially ...

About two weeks after it boasted to high heavens that it will henceforth not consider requests for confirmation of nominees from the presidency, the Senate, on Wednesday, made a U-turn, when it received a report from its committee on the Independent National Electoral Commission (INEC), of 12 screened Resident Electoral Commissioners (RECs). Recall that the Senate, had on the 4th of July, 2017, vowed that requests from the presidency will not be considered until the Acting President, Professor Yemi Osinbajo withdraws a statement credited to him, wherein he was quoted to have said that the Senate does not need to confirm nominees from the executive arm. As at the time of filing in this report, Acting President Osinbajo was yet to tender any apology or withdraw the controversial statement. The position of the Senate a forthright ago, had followed the unveiling of a letter sent to the Senate President, Bukola Saraki, urging the upper chamber to confirm Lanre Gbajabiamila as the s...

The Senate, on Wednesday, announced that it will soon commence a probe of the Economic and Financial Crimes Commission (EFCC), to ascertain how grants and other financial aids received by the Nigeria Financial Intelligence Unit (NFIU) from foreign donors have been spent. NFIU is an agency supervised by the EFCC. The Senate arrived at the decision on Wednesday when it considered a motion tagged “Dire implication of the suspension of Nigeria from the Egmont Group of Financial Intelligence Units,”. It was sponsored by Senator Chukwuka Utazi. Utazi who chairs the Senate committee on Anti-Corruption and Financial Crimes, while moving the motion, bemoaned the suspension of Nigeria by Egmont Group, and urged his colleagues to immediately give nod to the sponsorship of a bill which will grant full autonomy to NFIU. “My committee will soon commence a probe into the activities of NFIU to determine and ascertain how grants and aids they have received have been spent by the EFCC. We wil...