The Economic and Financial Crimes Commission (EFCC) has secured the final forfeiture of a vast property located in the Federal Capital Territory (FCT) following a ruling by Judge Jude Onwuegbuzie of the FCT High Court on Monday. EKO HOT BLOG reports that the forfeited property, covering 150,500 square meters and consisting of 753 duplexes and … Read more
A Chinese investment group, Zhongshang Fucheng Industrial Investment Ltd, is set to sell two residential properties seized from Nigeria on eBay to recover up to $70 million in arbitration awards according to Peoples Gazette. The properties, located at 15 Aigburth Hall Road and Beech Lodge, 49 Calderstones Road, Liverpool, UK, were taken over by Zhongshang … Read more
High Court in Abuja ordered the final forfeiture of NOK University and related assets to the Federal Government. The court ruled that the university failed to prove that the assets were not acquired with proceeds of crime. Additional investments by Hassan, including Gwasmyen Water Factory, Gwasmyen International Hotel, and Gwasmyen Event Centre, are also subject … Read more