General
Court Seizes $4.7m, N830.8m, Properties From Emefiele
By Adedapo Adesanya
The Federal High Court sitting in Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830,875,611, and several properties linked to a former governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele.
Justice Yellim Bogoro gave the order on Thursday, May 23, 2024, following an ex-parte application by counsel to the Economic and Financial Crimes Commission (EFCC), Mrs Bilkisu Buhari.
After listening to the EFCC Counsel, Justice Bogoro in her ruling said: “I have listened to the submission of the applicant’s counsel and also perused the motion just moved, together with the affidavit in support.
“I find merit in the application and same is hereby granted as prayed.
“The applicant should publish this order in any daily newspaper circulating all over the federation for anybody interested to show cause why the final order of forfeiture should not be made. Case adjourned to July 2, for motion for final forfeiture.”
The monies forfeited to the federal government in the interim were said to be warehoused in First Bank; Titan Bank and Zenith Bank, being operated by Omoile Anita Joy; Deep Blue Energy Service Limited; Exactquote Bureau De Change Ltd; Lipam Investment Services Limited; Tatler Services Limited; Rosajul Global Resources Ltd and TIL Communication Nigeria Limited.
His properties forfeited to the federal government include 94 units of an 11-floor building under construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, Ikoyi, Lagos; AM Plaza, 11-floor office space, situate on 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, and Imoore land purchased with (Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos.
Others include Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos and two properties purchased from Chevron Nigeria, Closed PFA Fund, Block B.Lot twin completed property in Lakes Estate. Lekki, Lagos.
Others are one plot measuring 1,038.069 sqm, at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; Estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, Owned by Lipam Investment Services; a land at 1, Bunmi Owulude Street, (Maruwa), Lekki Phase 1, Lagos and a property situate on 8, Bayo Kuku Road, Ikoyi, Lagos.
The EFCC had approached the court for an interim forfeiture of the monies and properties, under Section 17 of the Advance Fee Fraud and Other Fraud Related Offence Act. 14 2006, Section 44(2)(b) of the Constitution and under the inherent jurisdiction of the court.
Specifically, the anti-graft asked the court for the following; “An interim order forfeiting to the Federal Government of Nigeria the funds warehoused in the accounts particularized in Schedule ‘A’ which funds are reasonably suspected to be proceeds of unlawful activities.
“An interim order forfeiting to the Federal Government of Nigeria properties provided in 2nd Schedule ‘B’ which are proceeds of unlawful activities.
“An order directing the publication in any national newspaper, the interim order under reliefs 1-2 above, for anyone interested in the properties and funds sought to be forfeited to appear before this honourable court to show cause within 14 days why the final order of forfeiture of the said properties and funds should not be made in favour of the Federal Government of Nigeria.”
General
Ansar-Ud-Deen Foundation’s Board of Trustees for Inauguration December 13
By Adedapo Adesanya
The Ansar-Ud-Deen Society of Nigeria will on Saturday, December 13, 2025, inaugurate the Board of Trustees of its newly created Ansar-Ud-Deen Foundation. The event will take place at La Scala Restaurant, MUSON Centre, Onikan, Lagos.
The Society described the inauguration as an important step in strengthening its long history of faith-based service, education, and community development. For more than 100 years, Ansar-Ud-Deen has promoted Islamic knowledge, moral values and social support across many communities. The new Foundation is expected to help organise and expand these efforts in a more structured and sustainable way.
According to the President of the Society, Mr Mosediq Adeniji Kazeem (SAN), the foundation will focus on major areas such as education, healthcare, youth empowerment, and community development. He said it will operate based on Qur’anic principles of charity, fairness and compassion.
Mr Kazeem explained that, “the Board of Trustees will be made up of respected men and women who have shown integrity, vision and dedication to service. He said the Foundation will act as a permanent endowment to support key projects of the Society.”
One of its main responsibilities will be the renovation and maintenance of Ansar-Ud-Deen mosques nationwide. “Our mosques must be accommodating and welcoming. We must be proud of any Ansar-Ud-Deen mosque we visit,” he said.
Other areas of focus include improving the infrastructure of Ansar-Ud-Deen schools, supporting Summit University, Offa, and funding social welfare and empowerment programmes for Muslims and the larger community.
The Foundation will also handle investments and donations on behalf of the Society, ensuring that resources are well managed, transparently reported, and invested in halal and ethical ventures that provide long-term benefits.
Reflecting on the broader vision, Mr Kazeem noted: “This Foundation gives structure to our shared aspiration that the good works of Ansar-Ud-Deen will not fade but will continue to flourish across generations.”
He called on members across Nigeria and in the diaspora to continue supporting the mission of building a community based on piety, fairness and progress.
General
Nigeria Customs Destroys N181m PMS Smuggling Network in Adamawa
By Adedapo Adesanya
The Nigeria Customs Service has uncovered a major petroleum smuggling network in Adamawa State, cutting off fuel supply lines that have been draining national revenue and strengthening criminal economies along Nigeria’s northern borders.
National Coordinator of Operation Whirlwind, ACG Kolapo Oladeji, disclosed that officers recorded 55 seizures in eight weeks, blocking the illegal movement of more than 184,000 litres of PMS, a development he described as a significant economic breakthrough for the country.
“This operation is about protecting Nigeria’s strategic resources,” Mr Oladeji told journalists on Thursday at the Customs House in Yola. “Our mandate is clear: to shut down all illegal supply chains that empower criminal elements.”
The seizures, valued at N181.6 million in duty-paid terms, were intercepted across notorious smuggling corridors including Mubi–Sahuda, Farang–Belel, Gurin–Fufore, Maiha, Wuro-Bokki, Ribado waterways, Muninga and Bakin Kogi.
According to Mr Oladeji, items recovered include 2,642 jerrycans of 25-litre PMS, several 220-litre drums, and two large wooden boats used to ferry petroleum products across the border.
He stressed that the illegal PMS diversion is not just an economic crime but a direct threat to national stability.
“The smuggling network is a grave threat to Nigeria’s economy and internal security,” he said. “The illegal diversion of PMS weakens our revenue base and directly fuels non-state actors and cross-border criminal syndicates.”
Mr Oladeji added that intensified surveillance under Operation Whirlwind has “made it extremely difficult for saboteurs to move PMS out of the country,” in line with the directives of Comptroller-General Adewale Adeniyi.
Commending residents of border communities for supporting the operation with credible intelligence, the Customs chief urged them to remain vigilant.
“Your timely information has been invaluable,” he said. “Security is a collective responsibility, when you see something, say something.”
He also acknowledged the media’s role in raising awareness about the economic and security implications of petroleum smuggling, describing public enlightenment as crucial in sustaining recent gains.
General
Ekpo Laments Slow Progress in Decade of Gas Initiative
By Adedapo Adesanya
The Minister of State for Petroleum Resources, Mr Ekperikpe Ekpo, has expressed his frustration towards the partial progress in Nigeria’s flagship Decade of Gas Initiative, advocating that it must now be aggressively accelerated.
Launched by the late former President Muhammadu Buhari in 2021, the scheme is a national policy drive declaring 2021–2030 as the country’s “Decade of Gas.” with the goal of transforming Nigeria from an oil-dependent economy into a gas-powered industrial nation, using its vast natural gas reserves (one of the largest in Africa) for economic growth.
However, speaking recently at the 14th Practical Nigerian Content (PNC) Forum in Yenagoa, Mr Ekpo said the policy has delivered some gains in LPG penetration, CNG rollout, and gas commercialisation, but “not at the scale Nigeria urgently requires.”
“We have made progress, but not enough,” the minister admitted. “The pace has been slower than expected, and we must move with far greater urgency.”
He cited persistent infrastructure gaps, gas supply volatility, funding constraints, and delayed policy execution as major setbacks.
“Critical pipelines are behind schedule. Feedstock shortages still hamper power and industries,” he said. “These challenges have limited the full realisation of the Decade of Gas vision.”
The minister, however, outlined a renewed push to accelerate delivery through tighter regulatory coordination and investment incentives.
“We are strengthening inter-agency alignment to remove approval bottlenecks,” Ekpo said. “The PIA gives us the fiscal tools to unlock more capital into midstream and domestic gas programmes.”
He noted measurable progress in domestic LPG consumption, clean cooking expansion, and flare gas commercialisation, calling them “strong foundations that must now be scaled up.”
“Our goal remains clear: affordable gas for power, households, industries and transport,” he said. “We are not abandoning the Decade of Gas; we are intensifying it.”
Mr Ekpo said the government will prioritise early delivery of key projects such as OB3, AKK, NLNG Train 7, Brass Fertiliser, and several gas-based industrial hubs.
“These projects will determine whether the Decade of Gas becomes a transformative legacy or a missed opportunity,” he warned.
The minister urged industry players, financiers and host communities to recommit to the national gas agenda.
“We need every stakeholder on board,” he said. “Nigeria cannot afford to slow down at a time when global markets are shifting and opportunities are emerging.”
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