Home News Attraction Court docket Affirms Closing Forfeiture Of Ex-NDDC Director Tuoyo Omatsuli’s N1.8bn Properties

Attraction Court docket Affirms Closing Forfeiture Of Ex-NDDC Director Tuoyo Omatsuli’s N1.8bn Properties

by Good News

A file picture of a court docket gavel.A three-man panel of the Court docket of Attraction, Lagos Division, on Wednesday, December 15, 2021, disregarded the utility filed by one Francis Momoh and affirmed the final forfeiture of properties value N1.8bn recovered from a old Govt Director, Projects, Niger Delta Development Payment (NDDC) Tuoyo Omatsuli, to the Federal Executive.

Justice Chuka Obiozor of the Federal High Court docket sitting in Ikoyi, Lagos, had, on Monday, December 10, 2018, ordered the final forfeiture of the properties which encompass Block 117, Space 4, Lekki Peninsula Arrangement, TPAO 992, Ikate Worn City, Eti-Osa L.G.A, Lagos, measuring 1804.089Sqm and Plots 1-18, Block 43, TPAO 992, Ikate Worn City, Lekki Peninsula, Eti-Osa, Lagos, measuring 10,000Sqm.

Others are Space 1b, Northern Commerce District, Lekki Peninsula Arrangement 1, measuring 1000Sqm and Space 1; Block 25, Lekki Peninsula Residential Arrangement 1, Eti-Osa L.G.A, measuring 2989.10Sqm, to the Federal Executive.

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Disenchanted with the Negate, Momoh had approached the appellate court docket on the lookout for out to situation apart the allege of the court docket.

But in a judgment learn by Justice Daniel Kalio, the appellate court docket held that Momoh did no longer attach any arena matter before the court docket “to enable it to disturb the findings of the decrease court docket”.

The appellate court docket also held that Momoh’s appeal lacked advantage and used to be accordingly disregarded.

“The judgment of the decrease court docket is affirmed,” it additional held.

Counsel to the EFCC, Ekene Iheanacho, whereas spirited ex parte utility for the intervening time forfeiture of the properties had referred to paragraph four of the affidavit, detailing how a contractor with the NDDC, Starline Consultancy Products and providers Restricted, used to be paid the sum of N10, 218, 019, 060.59) (Ten Billion, Two Hundred and Eighteen Million, Nineteen Thousand and Sixty Naira) as consultancy fee for levies light from oil-producing companies within the Niger Delta design.

It used to be additional acknowledged that out of the money paid to Starline, a sum of N3, 645, 000. 00 (Three Billion, Six Hundred, and Forty-Five Thousand Naira) used to be paid as a kickback to Omatsuli thru a firm named Building Friends Restricted.

“A few of the funds comprise been extinct by Building Friends to bewitch properties within the title of a firm, Don Parker Properties Restricted, the attach Omatsuli had majority shareholding,” Iheanacho had additional informed the court docket.

Iheanacho had also informed the court docket that Momoh, whom he described because the bulk shareholder in Building Friends Restricted, used to be launched as a shareholder in Don Parker Properties Restricted in allege to hide the personality of the crime.

After listening to the submissions, Justice Obiozor, had granted your whole reliefs sought by the applicant and ordered the intervening time forfeiture of the properties to the Federal Executive.

The Snatch had additional directed the Payment to publish the Negate in any nationwide newspaper within 14 days, notifying the respondents or someone thinking in regards to the properties to appear before the court docket and exhibit reason why the properties ought to quiet no longer be forfeited to the Federal Executive of Nigeria.

The applicant, in compliance with the court docket’s allege, had printed the intervening time forfeiture allege in The Nation Newspaper of Might possibly possibly 26, 2018. Alternatively, the respondents had, on October 1, 2018, adverse the utility, claiming ownership of the properties.

Handing over his judgment, Justice Obiozor, had held that the properties comprise been obtained thru proceeds from kickbacks obtained by Building Companion Restricted operated by Momoh on behalf of Tuoyo; and dominated that the properties be in a roundabout design forfeited to the Federal Executive.

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