ATTENCAO

A Federal High Court in Lagos on Monday ordered permanent forfeiture of a 37.5m dollars sky-scrapper on the highbrow Banana Island, Lagos, belonging to former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, to the Federal Government. Justice Chuka Obiozor, who gave the ruling, also ordered that the sums of 2.7 million dollars and N84.5 million realised as rents on the property should equally be forfeited to the Federal Government. Obiozor, a professor of law, gave the orders following a motion on notice argued by the Economic and Financial Crimes Commission’s counsel. The anti-graft agency had on July 19 obtained a court order to temporarily seize the property located at Building 3, Block B, Bella Vista Plot 1, Zone N, Federal Government Layout, Banana Island Foreshore Estate which is said to have 24 apartments, 18 flats and six penthouses. The court had directed that the temporary forfeiture order be published in a newspaper and fixed Aug. 7 to enable an...

The presidential panel that investigated the suspended Secretary to the Government of the Federation, Babachir David Lawal and the Director-General of the National Intelligence Agency, Ayo Oke, has recommended that the duo be replaced. Daily Trust on Sunday learnt at the weekend that the Acting President Yemi Osinbajo-led committee recommended that the suspended government official and the nation’s top spy master be disengaged and replaced. Others members of the investigation panel are; the National Security Adviser, General Babagana Monguno (rtd) and the Attorney-General of the Federation, Abubakar Malami. President Muhammadu Buhari had on April 19, suspended Babachir and Oke and set up the three-man committee to investigate alleged infractions against both officials within a period of two weeks. Babachir was investigated for allegedly awarding millions of naira contracts to a company in which he had interest, Global Vision Limited, under the Presidential Initiative on the No...