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FG Takes 40 Ekweremadu’s Properties, Secures Interim Forfeiture Order

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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On Friday, November 4, an Abuja Federal High Court issued an interim forfeiture of 40 landed properties belonging to the former Deputy Senate President, Ike Ekweremadu who is being held in the UK.

10 of Ekweremadu’s properties in Enugu, three in the United States of America (USA), two in the United Kingdom (UK), one in Lagos, nine in Dubai, and 15 located in the Federal Capital Territory are affected by the interim forfeiture order.

Justice Inyang Ekwo, the trial Judge, gave the order following an ex-parte motion filed and moved by Ibrahim Buba on behalf of the Economic and Financial Crimes Commission, EFCC.

Ruling on the motion, the Judge ordered EFCC to publish the interim forfeiture order of the properties in a national daily within seven days from the date the order was given.

Ekweremadu and his wife are currently standing trial in the United Kingdom over allegations of organ harvesting.

Justice Ekwo, has, however, adjourned the matter till December 5, 2022, for a report on the objection from any member of the public regarding the properties.

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