Recovered $43b: EFCC Reveals Real Owner Of Ikoyi Building - Gistmania

Date: 06-05-2017 8:32 am (4 years ago) | Author: success Xenab
- at 6-05-2017 08:32 AM (4 years ago)
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The Economic and Financial Crimes Commission on Friday named Mrs. Folashade Oke as the owner of Flat 7B, No. 13, Osborne Road, Osborne Towers, Ikoyi, Lagos, where the sums of $43,449,947, £27,800 and N23, 218,000 were recently recovered by the Economic and Financial Crimes Commission.

Mrs. Oke is the wife of the suspended Director General of the National Intelligence Agency, Amb. Ayo Oke, whose agency had laid claim to the money. According to the EFCC, Mrs. Oke made a cash payment of $1.658m for the purchase of the flat between August 25 and September 3, 2015.

She was said to have purchased the property in the name of a company, Chobe Ventures Limited, to which she and her son, Master Ayodele Oke Junior, were directors. Payment for the purchase of the flat was said to have been made to one Fine and Country Limited.

The EFCC stated that Mrs. Oke made the cash payment in tranches of $700,000, $650,000 and $353,700 to a Bureau de Change company, Sulah Petroleum and Gas Limited, which later converted the sums into N360,000,000 and subsequently paid it to Fine and Country Limited for the purchase of the property.

The EFCC on Friday tendered the receipt issued by Fine and Country Limited to Chobe Ventures Limited as an exhibit before the Federal High Court in Lagos, where it is seeking an order of final forfeiture of the recovered money to the Federal Government.

“The circumstances leading to the discovery of the huge sums stockpiled in Flat 7B, Osborne Towers leaves no one in doubt that the act was pursuant to an unlawful activity.

“The very act of making cash payment of $1.6m without going through any financial institution by Mrs. Folashade Oke for the acquisition of Flat 7B, Osborne Towers, is a criminal act punishable by the Money Laundering (Prohibition) Amendment Act. I refer My Lord to sections 1(a), 16(d) and 16(2)(b) of the Money Laundering (Prohibition) Amendment Act,” a counsel for the EFCC, Mr. Rotimi Oyedepo, told the court on Friday.

In an affidavit filed before the court, a Detective Inspector with the EFCC, Mohammed Chiroma, stated that “Chobe Ventures Limited is not into any business but was merely incorporated to retain proceeds of suspected unlawful activities of Mrs. Folashade Oke.”

While urging the presiding judge, Justice Muslim Hassan, to order the permanent forfeiture of the funds to the Federal Government, Oyedepo argued that the fact that Flat 7B, Osborne Towers was purchased in a criminal manner, made the N13bn recovered therein “extremely suspicious to be proceeds of unlawful acts.”

The lawyer noted that despite the newspaper advertisement of the initial order of April 13, 2017 temporarily forfeiting the money to the Federal Government, no one showed up in court on Friday to show cause why the money should not be permanently forfeited to the Federal Government.


Posted: at 6-05-2017 08:32 AM (4 years ago) | Hero
- Goodluck-just at 6-05-2017 08:56 AM (4 years ago)
(m)
Dis money neva stil get owner abi???
Posted: at 6-05-2017 08:56 AM (4 years ago) | Gistmaniac
Reply
- Goodluck-just at 6-05-2017 08:56 AM (4 years ago)
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Ok, hapy new month to u too......naijapals. And gogoman.
Posted: at 6-05-2017 08:56 AM (4 years ago) | Gistmaniac
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- Goodluck-just at 6-05-2017 08:57 AM (4 years ago)
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See wat is hapenin here,,,,,,, while som scrupulous mistificated politicians are busy looting and embezzling the people's money and hiding it in their farms...............

We shall see their end.....
Posted: at 6-05-2017 08:57 AM (4 years ago) | Gistmaniac
Reply
- Goodluck-just at 6-05-2017 08:59 AM (4 years ago)
(m)
And kison, beneno, gogoman, buncho, morgan1, will still say i shud nt blame this on buhari?Huh?Huh?Huh?Huh?Huh?Huh?
Just look at d situation first...........chai?Huh?Huh?Huh? Buhari.... See wat u hav caused now?Huh?Huh?Huh?Huh???

If u had provided dis person wit a good job now, all dese wnt hav happened............
Posted: at 6-05-2017 08:59 AM (4 years ago) | Gistmaniac
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- Goodluck-just at 6-05-2017 09:00 AM (4 years ago)
(m)
Poster, i tink dis one is news......compared to d other ones dat u hav been posting since morning.................
Posted: at 6-05-2017 09:00 AM (4 years ago) | Gistmaniac
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- morgan1 at 6-05-2017 09:46 AM (4 years ago)
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Quote from: Goodluck-just on  6-05-2017 08:56 AM
Dis money neva stil get owner abi???
You no read d news?
ok,,,na Mrs Oke get am,,,NIA boss wife,,,lobatan!
Posted: at 6-05-2017 09:46 AM (4 years ago) | Hero
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- Jeonleon at 6-05-2017 11:27 AM (4 years ago)
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Quote from: morgan1 on  6-05-2017 09:46 AM
You no read d news?
ok,,,na Mrs Oke get am,,,NIA boss wife,,,lobatan!

OK, nah Mrs. Folashade Oke get am?.... Ehn eh....OK. I bin tink sey na one Igbo or Biafran woman get am....
Posted: at 6-05-2017 11:27 AM (4 years ago) | Upcoming
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- osarobo62 at 6-05-2017 03:24 PM (4 years ago)
(m)
wey dat big belle Wike wey dey cry say na Rivers state money Huh?
Posted: at 6-05-2017 03:24 PM (4 years ago) | Hero
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- BournIdentity at 6-05-2017 03:42 PM (4 years ago)
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Na everyday with new tori., nobsmalltin   
Posted: at 6-05-2017 03:42 PM (4 years ago) | Addicted Hero
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- ficull at 6-05-2017 05:33 PM (4 years ago)
(m)
$43B Huh? Really? Poster, really?Huh?
No bi millions again? You know Wetin be $43B in
Posted: at 6-05-2017 05:33 PM (4 years ago) | Gistmaniac
Reply
- Markeve at 6-05-2017 05:38 PM (4 years ago)
(f)
thieves everywhere in 9ja God punish u all.
Posted: at 6-05-2017 05:38 PM (4 years ago) | Gistmaniac
Reply
- schmit at 6-05-2017 06:56 PM (4 years ago)
(f)
Thieves
Posted: at 6-05-2017 06:56 PM (4 years ago) | Hero
Reply
- AmazingMarie at 6-05-2017 08:45 PM (4 years ago)
(f)
old news
Posted: at 6-05-2017 08:45 PM (4 years ago) | Hero
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- dareper at 6-05-2017 09:55 PM (4 years ago)
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chai!!!!. see money.
Posted: at 6-05-2017 09:55 PM (4 years ago) | Hero
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- gogoman at 6-05-2017 10:11 PM (4 years ago)
Online (m)
FIRSTLY WHICH KIND OF FLAT PERSON DEY TAKE $1.6 MILLION BUY FOR LAGOS Roll Eyes Roll Eyes Roll Eyes . NA WA OOO FLAT
Posted: at 6-05-2017 10:11 PM (4 years ago) | Addicted Hero
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- akinmanchy at 7-05-2017 06:28 AM (4 years ago)
(m)
Na my money  Roll Eyes Roll Eyes Roll Eyes


Posted: at 7-05-2017 06:28 AM (4 years ago) | Hero
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- Larry28 at 13-05-2017 05:33 PM (4 years ago)
(f)
Old news..
Posted: at 13-05-2017 05:33 PM (4 years ago) | Hero
Reply

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