Tag: assets
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Alleged sale of Kwara assets: Saraki kicks as panel recommends trial of ex-govs
A former Kwara State governor and immediate past President of the Senate, Dr. Bukola Saraki, has dismissed the report of a committee set up by Governor AbdulRahman AbdulRazaq to investigate sales of Kwara State’s assets, which recommended the prosecution of Saraki and former governor Abdulfatah Ahmed, as well as other former government officials. The committee’s…
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Debtors in fresh trouble as Senate passes AMCON amendment bill
The Senate has passed the Asset Management Corporation of Nigeria (AMCON) Amendment Bill. This followed the adoption of the report of Senate Committee on Banking, Insurance and Other Financial Institutions at plenary on Wednesday. Presenting the report, Sen. Uba Sani, Chairman of the Committee, said the committee engaged stakeholders including AMCON, Ministries of Finance, Budget…
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UBA assures shareholders better times as assets hit N7.7trn
United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performance. The Chairman, UBA Group, Mr Tony Elumelu, gave the assurance at the bank’s 59th Annual General…
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EFCC chair, Bawa gives bankers deadline to declare assets
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, says from June 1, 2021, all bankers in the country must declare their assets in line with the Bank Employees Declaration of Asset Act. Bawa stated this when he fielded questions from State House correspondents after a closed door meeting with President…
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![JUST IN: [N69.4bn debt] Jimoh Ibrahim loses bid to vacate order on seized assets](https://thenewsguru.ng/wp-content/uploads/2016/10/Jimoh-Ibrahim.jpg)
JUST IN: [N69.4bn debt] Jimoh Ibrahim loses bid to vacate order on seized assets
A Federal High Court in Lagos has declined to vacate an interim order through which the Asset Management Corporation of Nigeria (AMCON) seized properties belonging to a businessman Jimoh Ibrahim for an alleged N69.4billion debt. Ibrahim, NICON Investment Ltd and Global Fleet Oil and Gas Ltd, had in a motion on notice, prayed the court…
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Ex-Gov Yari denies forfeiting assets to FG
Former Governor of Zamfara State Abdulaziz Yari has refuted news reports that he has finally forfeited money to the Federal Government. A statement by his spokesperson, Mayowa Oluwabiyi on Thursday said although Justice Ijeoma Ojukwu of the Federal High Court sitting in Abuja had ruled that Yari should forfeit $669,248 and N24.3 million to the…
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AMCON takes over Jimoh Ibrahim’s assets, freezes accounts over N69.4bn debt
The Asset Management Corporation of Nigeria (AMCON) has taken over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim, and frozen all his accounts over his N69.4bn. The seizure of the assets is pursuant to an order by Justice R.M. Aikawa of a Federal High Court, in Lagos. AMCON on Wednesday took effective…
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Malami gives committee 6 months to dispose of forfeited assets to FG
The Minister of Justice, Abubakar Malami, SAN, on Monday inaugurated an inter-ministerial committee on the disposal of forfeited assets to the Federal Government. Malami said the composition of the inter-ministerial committee was approved by President Muhammadu Buhari on Oct. 27. The 22-member committee according to the minister has six months within which to dispose of…
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Buratai orders Army officers to declare assets
The Chief of Army Staff, Lieutenant General Tukur Buratai, has assured that the Nigerian Army will partner the Code of Conduct Bureau to ensure public morality and accountability in the conduct of its activities. Buratai who spoke while declaring open, a two-day workshop on Compliance with Assets Declaration and Code of Conduct for Officers and…
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‘N21.4bn’ fraud: Court orders forfeiture of AVM Adigun’s multibillion naira assets to FG
The Federal High Court in Lagos has approved the Federal Government’s request to temporarily sieze 12 landed properties linked to a former Director of Finance at the Nigerian Air Force, Air Vice Marshal Jacobs Adigun. Justice Mohammed Liman made the interim order on Friday following an ex parte application by the Economic and Financial Crimes…