Tuesday, March 8, 2011

EFCC takes over Igbinedion’s assets

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A property belonging to a former Edo State governor, Lucky Igbinedion, at No 7, Justice Fatai Wuilliams, Asokoro, Abuja, sealed off by the Economic and Financial Crimes Commission ... on Tuesday. Inset: EFCC operatives sealing the property.
The Economic and Financial Crimes Commission on Tuesday began the enforcement of a court order to take over the assets and property of a former Governor of Edo State, Chief Lucky Igbinedion, in different locations in the country.

Operatives of the EFCC began the enforcement in Abuja based on the order of Justice M.B Idris of the Federal High Court, Lagos.

Two or the 11 property, located in Abuja, were the first to be taken over by EFCC operatives. Eight others are located in Benin City, Edo State and Victoria Island, Lagos.

Another house, located at 29 Sheldon Avenue, Highgate, London, was also listed among the property to be forfeited to the government of the Federal Republic of Nigeria.

Justice Idris had on February 28 ordered that Igbinedion’s assets be forfeited to the government pending the determination of the charge in suit number FHC/B/11C/2011.

Other property the EFCC took over on Tuesday included a block of four flats at 43 Etete Road, Benin; Chicken Republic on Sapele Road, Benin City; a parcel of land at 3, Boundary Road, Benin City; a building covered by approved plan number 2041/2004 at 20B Etete Road, Benin City; a building known as White House located along Ugbor Police Station Road and a mighty house at the neighbourhood of Etete and Ugbor Layout, Benin City.

The property to be forfeited in Lagos is located at 55C, Adebisi Close, Off Samauel Adedoyin Street, Victoria Island, Lagos while those in Abuja are landed properties at 5, Danube Crescent, Maitama and 7, Justice Fatai Williams Street, off Justice Sowemimo Street, Abuja.

Igbinedion, who was governor of Edo State between 1999 and 2003, is facing charges of alleged unlawful conversion and criminal diversion of fund by the EFCC.

The former governor and six others are facing a 66-count-charge on money laundering and mismanagement of public funds amounting to about N3.2bn.

The other accused persons are Patrick Eboigbodin; Michael Igbinedion and four firms: Gava Corporation Limited; Romrig Nigeria Limited, PML Securities Limited and PML (Nigeria) Limited.


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