Close Menu
Fishe News
  • Home
  • Entertainment
  • National
  • International
  • Tech
  • Politics
  • Sports
  • PMNI
  • More
    • Business
    • Culture
    • Education
    • History
    • Health
  • Featured
    • Fishe Travel
    • Fishe Media
    • Fishe TV
Facebook X (Twitter) Instagram
Trending
  • Framework For The Establishment Of Federal And State Police Services In Nigeria
  • The Trials Of Leadership In National Security: Lessons, Challenges, And Enduring Solutions From Nigeria, Africa, And The Global Arena — Tolulope A. Adegoke, PhD
  • President Tinubu Launches Presidential Task Force On Ebola Preparedness
  • The Hamzat Paradox: Continuity, Change, And The 2027 Lagos Gamble
  • ProvidusUnity Bank Emerges As Supreme Court Approves Landmark Unity Bank–Providus Bank Merger
  • United States Sanctions Armed Group Leaders In Eastern Democratic Republic Of The Congo
  • Airtel, Glo Resume Airtime Lending After Court Halts FCCPC Enforcement
  • Leadership In Africa: Forging A New Era Of Self-Reliance, Unity, And Global Relevance – Pt. 3 — Tolulope A. Adegoke, PhD
X (Twitter) Instagram
Fishe NewsFishe News
Subscribe
Thursday, June 11
  • Home
  • Entertainment
  • National
  • International
  • Tech
  • Politics
  • Sports
  • PMNI
  • More
    • Business
    • Culture
    • Education
    • History
    • Health
  • Featured
    • Fishe Travel
    • Fishe Media
    • Fishe TV
Fishe News
Home»National

EFCC Explains Decision To Withhold Ownership Details Of Seized Properties

Adejuyigbe FrancisBy Adejuyigbe FrancisDecember 4, 2024 National No Comments2 Mins Read
Share Facebook Twitter LinkedIn Email WhatsApp

EFCC Explains Decision To Withhold Ownership Details Of Seized Properties.

The Economic and Financial Crimes Commission (EFCC) has defended its decision to withhold the identities of the owner(s) of 753 duplexes recently seized in Abuja. According to the agency, its actions align with legal procedures under Nigerian law.

 

On Monday, the EFCC announced the forfeiture of the properties, located in the Lokogoma District of Abuja, to the Federal Government. However, the lack of disclosure regarding the owners sparked criticism from various quarters, including Omoyele Sowore, the African Action Congress (AAC) presidential candidate in the 2023 election.





 

In response, the EFCC dismissed the criticisms as “uncharitable” and “unacceptable.” Dele Oyewale, Head of Media and Publicity at the EFCC, clarified in a statement on Tuesday that the seizure was based on Section 17 of the Advance Fee Fraud Act, which permits civil proceedings focused on property (action-in-rem) rather than individuals (action-in-personam).

 

“This Act allows for forfeiture proceedings against a property in cases where ownership is unclaimed or denied, as was the case with this estate,” Oyewale explained. He further noted that the company flagged during the investigation denied ownership of the properties after their publication in leading newspapers. Following this, the EFCC sought a court order for final forfeiture, which was granted on 2 December 2024 by Justice Jude Onwuegbuzie of the Federal Capital Territory High Court.

 

While acknowledging public support for the recovery, the EFCC criticised Sowore and his associates for undermining its efforts. “Rather than commend the landmark achievement, it is shocking that certain individuals choose to focus on baseless allegations of cover-ups,” the statement read.

 

The EFCC also emphasised that the criminal investigation into the matter is ongoing. Revealing identities without concrete evidence linking individuals to the properties would be unprofessional, the commission added.

 

The agency called on Nigerians to support efforts to close systemic loopholes that enable corruption. “Together, we can safeguard the nation’s financial space against manipulators and organised corruption,” the statement concluded.

 

This development marks a significant milestone in Nigeria’s anti-corruption efforts, with the EFCC reiterating its commitment to ensuring transparency and accountability.

EFCC
Share. Facebook Twitter LinkedIn WhatsApp
Adejuyigbe Francis
  • Website

Thought Leader, Idea Bank, Nation Builder.

Keep Reading

Framework For The Establishment Of Federal And State Police Services In Nigeria

The Trials Of Leadership In National Security: Lessons, Challenges, And Enduring Solutions From Nigeria, Africa, And The Global Arena — Tolulope A. Adegoke, PhD

President Tinubu Launches Presidential Task Force On Ebola Preparedness

The Hamzat Paradox: Continuity, Change, And The 2027 Lagos Gamble

ProvidusUnity Bank Emerges As Supreme Court Approves Landmark Unity Bank–Providus Bank Merger

Airtel, Glo Resume Airtime Lending After Court Halts FCCPC Enforcement

Add A Comment

Comments are closed.

Here is spotlighting many benefits of journeying with either Lagos State’s Blueline or Redline rails for a hassle-free day, week, month and year. Thank God for the Igbega Eko. Together we rise.
https://youtu.be/V67GV8wgyjw

Latest Posts

  • Framework For The Establishment Of Federal And State Police Services In Nigeria
  • The Trials Of Leadership In National Security: Lessons, Challenges, And Enduring Solutions From Nigeria, Africa, And The Global Arena — Tolulope A. Adegoke, PhD
  • President Tinubu Launches Presidential Task Force On Ebola Preparedness
  • The Hamzat Paradox: Continuity, Change, And The 2027 Lagos Gamble
  • ProvidusUnity Bank Emerges As Supreme Court Approves Landmark Unity Bank–Providus Bank Merger
Featured
About Fishe

FISHE was founded with the goal of helping clients thrive in today’s highly competitive marketing environment. While other companies rush to abandon traditional marketing in favour of digital techniques, we’ve bolstered our offline marketing capabilities while also equipping our team with seasoned professional knowledge to support our clients’ digital needs.

Through creative designs, we enhance our clients’ products and services the right way that would attract their target audience, thus, making the perception of their company a reality.

  • LTV 8, Agidingbi Road, Alausa, Ikeja, Lagos.
  • +234 806 003 7277
  • info@gofishe.com
FISHE, Your Best Plug For Bus Stop Shelter Ad

LATEST POSTS

Framework For The Establishment Of Federal And State Police Services In Nigeria

June 11, 2026

The Trials Of Leadership In National Security: Lessons, Challenges, And Enduring Solutions From Nigeria, Africa, And The Global Arena — Tolulope A. Adegoke, PhD

June 11, 2026

President Tinubu Launches Presidential Task Force On Ebola Preparedness

June 11, 2026

The Hamzat Paradox: Continuity, Change, And The 2027 Lagos Gamble

June 10, 2026

ProvidusUnity Bank Emerges As Supreme Court Approves Landmark Unity Bank–Providus Bank Merger

June 4, 2026
Featured

Subscribe to Updates

Get the latest news from FISHE about politics, economy, health and business, etc

Facebook X (Twitter) Instagram Pinterest
© 2026

Type above and press Enter to search. Press Esc to cancel.