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Court orders interim forfeiture of N228.4m traced to ex-Abia Governor, Theodore Orji
Justice Emeka Nwite, in a ruling on an ex-parte motion moved by the Economic and Financial Crimes Commission (EFCC)’s lawyer, Fadila Yusuf, also directed the EFCC to make publication of the order on its website and Daily Trust Newspaper.
According to Justice Nwite’s order, interested parties should show cause within 14 days of the publication of the order.
The judge adjourned the matter until Feb. 3 for report of compliance.
The News Agency of Nigeria (NAN) reports that Mr Orji also served as two-term senator representing Abia Central Senatorial District before his retirement from active politics.
The anti-graft agency had, in the motion ex-parte marked: FHC/ABJ/CS/03/V/2025, brought the suit pursuant to Section 44(2)b) of the 1999 Constitution (as amended) and Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
The motion dated Dec. 30, 2024 and filed Jan. 2 by Yusuf, was also brought under the inherent jurisdiction of the court.
The lawyer sought an order granting an interim freezing and forfeiture of the sum of N228, 497, 773. 12 domiciled with Keystone Bank set out in the schedule attached to the Federal Government of Nigeria.
She also sought “an order authorising the commission to make publication of interim freezing/forfeiture order made by this honourable court on the EFCC website and Daily Trust Newspaper and the interested parties to show cause within 14 days of the publication of the order.”
The lawyer, in her five-ground argument, said the money described in the schedule was subject matter of investigation by the EFCC and found in the possession of Effdee Nigeria Ltd.
She said it was reasonably suspected to be proceeds of unlawful activities.
“Effdee Nigeria Ltd is alleged to have conspired with others to defraud Abia State Government to wit: conspiracy, abuse of office, obtaining money by false pretence, money laundering and diversion of public funds.
“Effdee Nigeria Ltd, in whose possession the monies were found, is reasonably suspected to have conspired with Senator Theodore Ahamefule Orji, the former Governor of Abia State, some officials in the former governor’s administration and his family members,” she said.
Yusuf said they were being investigated by EFCC for the allegations following intelligence report received by the commission against Orji.
According to her, there is need to preserve the monies pending investigation and/or prosecution.
Tahir Ahmed, a litigation officer with EFCC, said sometimes between 2016 and 2017, the commission received an intelligence report against Sen. Orji, some officials in his administration and his family members.
He averred that Effdee Nigeria Limited, a sewage and waste disposal entity, was used by the former governor, some officials in his administration and his family members for the diversion and laundering of Abia Government funds while Orji was in office.
“The company was used to siphon funds and divert monies with the ald of some officials of Keystone Bank.
“The Intelligence report was assigned to the Economic Governance Section of the commission for investigation,” he said.
He said the team commenced Investigation into the case which led to the arrest of Austin Akuma, the Divisional Head of Keystone Bank Pic in Umuahia who was discovered to be the middleman between the contractor (Effdee Nigeria Limited) and Erondu Uchenna Erondu, Special Adviser, General Duties to the forer governor.
He alleged that the banker, in a statement made upon words of caution at the EFCC office, stated that it was agreed between himself (Akuma) and Erondu that the contractor’s company, Effdee Nigeria Limited, would be used to received funds from Abia State Government accounts.
“Thereafter the contractor would distribute these monies to several accounts of specific customers of the bank to be provided by the banker after which these various customers would withdraw cash and return same to the banker who in turn takes the cash to the Special Adviser in the Government House,” he alleged, attaching the statements made as Exhibit EFCC 1.
According to him, letters of investigation activities were also written to Keystone Bank and analysis of the statement of the above account of Effdee Nigeria Limited revealed substantial inflow from various agencies in Abia State Government leaving a balance of N228, 497, 773.12.
Ahmed, however, said that investigation was still ongoing in relation to the allegations received against the suspects.
He said there was need to preserve the res to prevent the dissipation of the above mentioned monies pending the conclusion of investigation and conclusion of the multifarious criminal complaints and ongoing investigations pertaining to the suspects.
After Yusuf moved the motion, Justice Nwite, who said the application was meritorious, granted the prayers.(NAN)
..calls for the release of revitalization fund
..plans emergency meeting to reject money
… accuses Minister of double standard
The Academic Staff Union of Universities (ASUU) has faulted the federal government’s claims of releasing 50 Billion Naira to the union as Academic Earned Allowance (AEA) meant for the settlement of members of the body’s outstanding indebtedness.
ASUU said it is yet to receive any correspondence from the government relating to the widely reported release of 50 Billion as an earned allowance.
It noted that even if the reported 50 Billion were to be true, ASUU’s demand is for proper funding of the university system with the immediate implementation of the 2009 agreement bordering on the release of 220 billion naira annually as revitalization fund, and not for the release of a partly 50 Billion that fall far below expatriation.
A highly dependable source who spoke with our correspondent during a visit to the ASUU Secretariat, located within the University of Abuja campus in Giri, Gwagwalada, on an anonymous condition because he is not authorized to speak on behalf of the union, revealed that some members of the body have frowned on the claims by the federal government to have released 50 Billion Naira to the union as Earned Allowance.
He disclosed that the leadership of ASUU is already studying the development and would soon make its position public.
He, however, stated that ASUU National President, Prof. Emmanuel Osodeke is deeply concerned over the media reports on the issue, adding that 50 Billion is grossly inadequate and wasn’t part of the demands of the union.
According to him, the union’s position is that the government should, as a matter of urgency, release 220 Billion naira annually as a universities revitalization fund and also provide about 150 billion as Earned Allowance owed to members of the union.
He further revealed that feelers from the members of the National Executive Council (NEC), the union will outrightly reject the 50 Billion Naira said to have been released as earned allowance, if it becomes clear that such money was released to the union.
The source who enjoys the privilege of attending ASUU’s NEC meetings, noted that the union is unhappy with how the government ignored it and broke the news of the release of the money to the media, whereas it’s yet to receive any Correspondence from the Ministry of Education patterning to the release of such money.
He said ASUU believed that the Minister of Education, Dr. Tunji Alausa, was playing politics over the implementation of the 2009 agreement entered into between ASUU and the federal government.
Our source also faulted the widely reported release of 50 Billion Naira; saying that 50 Billion has never been part of its demands. ” The ideal thing is that the government should release the agreed funds for the Universities revitalization project. What we asked for as earned allowance is about 150 Billion Naira. So, how did they arrive at the 50 Billion that is said to have been released to us?’ Do not make any mistake, we will reject this. We wants need assessment projects in the universities to go on.
The projects, when completed will improve the teaching and learning environment at the campuses and solve the problem of decaying infrastructure “.
The Minister of State for Defence, Dr Bello Muhammad Matawalle, hosted a delegation from the United States Embassy, led by Colonel Tom Brooks, the US Defence Attaché in Nigeria, at the Ministry of Defence in Abuja on Wednesday.
This was according to a statement by the minister’s Personal Assistant for Media, Ahmad Dan-Wudil.
The statement noted that yhe discussions centred on deepening the existing military-to-military cooperation between the Nigerian Armed Forces and their US counterparts.
The meeting, held at the Ship House headquarters, underscored both nations’ commitment to enhancing defence collaboration.
Ambassador Gabriel Tanimu Aduda, the Permanent Secretary of the Ministry of Defence, alongside directors and senior military officers, also attended the talks.
A federal high court in Abuja has granted permission to the Economic and Financial Crimes Commission (EFCC) to arrest and detain six Crypto Bridge Exchange (CBEX) promoters over allegations of investment fraud to the tune of over one billion dollars.
Emeka Nwite, the presiding judge, gave the order following an ex parte application moved by Fadila Yusuf, counsel to the EFCC.
In the application by the EFCC, the six suspects are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo and Chukwuebuka Ehirim.
The commission sought an order of the court for a warrant of arrest of the defendants.
They also prayed the court for “an order remanding the defendants in the custody of the complainant/applicant pending the conclusion of investigation of the alleged offences and possible prosecution”.
Yusuf said that the defendants are at large and a warrant of arrest is required to arrest the defendants for proper investigation and prosecution of this case.
In the affidavit in support of the motion, the EFCC said preliminary investigation into the intel revealed that the defendants “using their company ST Technologies International Limited, promoted another company Crypto Bridge Exchange (CBEX) by making adverts and lured unsuspecting members of the public to invest crypto cryptocurrencies on the CBEX investment platform”.
The EFCC said the defendants promised an unrealistic return on investment of up to 100 percent.
“The victims were made to convert their digital assets into a stablecoin of USDT for onward deposit into the suspects’ crypto wallet,” Yusuf said.
“The victims were initially given full access to the platform to monitor their investment.
“Following the deposits valued at over $1 billion by the victims, the CBEX investment platform became inaccessible to them, and they could no longer withdraw from the investment made.
“The victims later discovered that the said scheme is a scam.
“During the course of investigation, it was discovered that the said ST Technologies International Limited, though registered with the Corporate Affairs Commission (CAC), it was not registered with the Securities and Exchange Commission (SEC) for investment purposes.
“It was also discovered during the investigation that the defendants had moved out of their last known address in Lagos and Ogun states.”
The anti-graft agency said obtaining a warrant of arrest was necessary in order to place the defendants on a watch list, enabling authorities to trace and apprehend the suspects to face the charges brought against them.
Nwite granted the request for a warrant of arrest and remand, adding that the order was necessary to enable the commission to apprehend the defendants and conclude its investigation.
“I have listened to the submission of the learned counsel for the applicant,” Nwite said.
“I have also gone through the affidavit evidence with exhibits thereto, along with the written address.
“I am of the view and I so hold that the application is meritorious.
“Consequently, the application is granted as prayed.”