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Aluko To Forfeit Properties Worth $73m, N350m To FG

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EFCC Arraigns Maina Over Navy Captain’s N9 Million

EFCC Secures Court Order Against Kola Aluko

Kola Aluko, an associate of former petroleum minister, Diezani Allison-Madueke has been ordered by the Federal High Court in Lagos to temporarily forfeit three landed properties.

Naija News reports Justice Mohammed Liman gave the order on Tuesday, 22nd October when he ruled on an ex parte application brought before the court by the Economic and Financial Crimes Commission (EFCC).

The value of the properties located in Abuja and Lagos were given as $73 million and N350 million respectively by the EFCC.

The anti-graft agency gave the names of the properties as Plot 3389 and Plot 3390, House 2, Margaret Thatcher Close, Asokoro Cadastral Zone, Abuja, and Avenue Towers, Plot 1391, Tiamiyu Savage Street, Victoria Island, Lagos.

It added that Plot 3389 and 3390 in Abuja were purchased for N350 million and $18 million, respectively, and the Lagos property was bought for $55m and that funds used to procure the properties were reasonably suspected to be proceeds of illegal activities.

An operative of the EFCC, Sambo Mayana, said the commission launched an investigation into Aluko’s wealth after receiving a petition from Mr. Debo Adeniran, the chairman of the Coalition Against Corrupt Leaders.

The operative described it as a “damning intelligence report and a petition alleging fraud, lack of transparency and unethical conduct in the transfer of production rights in the oil mining leases against the respondent and his cronies.”