Tag: Seizure
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New agency should manage and dispose forfeited assets – HEDA
For the response to perishable forfeited assets nationwide, the organization asserted that could be difficult, cumbersome and expensive with a center-dependent bureaucracy with other ACAs and LEAs.
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![[UPDATED] EXCLUSIVE: CBN commences seizure of funds, closure of cryptocurrency accounts](https://thenewsguru.ng/wp-content/uploads/2016/10/Godwin-Emefiele.jpg)
[UPDATED] EXCLUSIVE: CBN commences seizure of funds, closure of cryptocurrency accounts
The Central Bank of Nigeria (CBN) has commenced the seizure of funds and closure of accounts with history of cryptocurrency trades in the country, TheNewsGuru.com, TNG can authoritatively report. TNG recalls that the apex bank last week Friday ordered all banks to close accounts of anyone who transacts in cryptocurrency. However TNG observed that the…
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Property seizure: EFCC’s action, an abuse of Court process – Saraki
Immediate past President of the Senate, Bukola Saraki, on Monday, maintained his position that the application to the Federal High Court, Lagos, for interim forfeiture order on his Ilorin home by the Economic and Financial Crimes Commission, was an abuse of the court process and a violation of a subsisting order of the Federal High…
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P&ID: How UK judgment saved Nigeria’s assets from seizure – FG
The Minister of Information and Culture, Alh. Lai Mohammed has said that the judgment of the United Kingdom’s Commercial Court saved Nigeria’s assets from being seized by an Irish firm, Process and Industrial Developments (P&ID). He also said the Federal Government has mandated its lawyers to file an appeal against the court order for a…
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JUST IN: Court orders seizure of Diezani’s 56 houses worth N2.6b
A Federal High Court in Lagos has ordered the interim forfeiture of 56 houses allegedly bought for $16,441,906 (N2.6billion) by a former Minister of Petroleum Resources, Diezani Alison-Madueke. Justice Abdulaziz Anka, a vacation judge, made the order following an ex parte application by a counsel for the Economic and Financial Crimes Commission (EFCC), Mr. Anselem…