Tag: Assets

Former Enugu Governor, Nnamani Forfeits Assets Over Money Laundering Charge

A Federal High Court sitting in Lagos, yesterday, ordered the forfeiture of multi-billion Naira assets allegedly belonging to former Enugu State governor, Dr Chimaroke Nnamani. Nnamani was charged alongside his former aide, Sunday Anyaogu and Rainbownet, Hillgate Nigeria, Cosmos FM, Capital City Automobile Nig Ltd, Renaissance University Teaching Hospital and[Read More…]

‘Lagosians Should Forget State’s Debt Profile And Focus On My Achievements’ – Fashola Sets Legacy Benchmark

By Chris Nomjov Governor of Lagos state, Babatunde Fashola has called on Lagosians to excuse the huge debt he’s leaving behind and instead focus on the achievements of his administration, during the past eight years. Fashola made the comment during an interview session with Punch newspaper, when asked about the[Read More…]

Court Sets April 22nd For Hearing On Cecilia Ibru’s Plea Bargain

An Abuja Federal High Court has today (Thursday), fixed April 22 for hearing in a suit filed by Managing Director of the defunct Oceanic International Bank Plc, Cecilia Ibru?, challenging an alleged illegal implementation of the terms of the plea bargain and settlement agreement leading to her conviction in October[Read More…]

CBN, AMCON To Appear Before Senate Over Cecilia Ibru’s Seized Assets

By Chris Nomjov The Upper legislative chambers, the Senate has summoned the management of the Central Bank of Nigeria and the Asset Management Corporation of Nigeria to appear before it over seized assets worth N150bn. Both parastatals are to appear before the Committee on Drugs, Narcotics, Financial Crimes and Anti-corruption[Read More…]

Erastus Akingbola Forfeits Assets To Access Bank

Some London properties of a former Managing Director of the defunct Intercontinental Bank Plc, Erastus Akingbola, have been sold by Access Bank Plc in a bid to recover a debt of N164bn from him. According to the bank, a sum of £11m has so far been recovered by selling Akingbola’s[Read More…]