Nigerian Govt Denies Allegations of $21m Seizure by US Court

Attorney-General of the Federation and Minister of Justice, Lateef Fagbem

The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has categorically denied claims that a United States District Court granted permission to Louis E. Williams to seize $21 million from Nigeria’s account with JP Morgan. In a statement released on Wednesday, Fagbemi clarified that the false reports originated from an unidentified … Read more

Chinese Firm Reportedly Set To Auction Seized Nigerian Assets On eBay

Chinese Firm Auction Nigerian Assets eBay

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