Skip to content
July 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • EFCC Secures Final Forfeiture of Landed Properties Valued at Over N3.7 Billion
  • National News

EFCC Secures Final Forfeiture of Landed Properties Valued at Over N3.7 Billion

Admin February 15, 2022
EFCC

EFCC operatives

Feb. 15, 2022

The Economic and Financial Crimes Commission, EFCC on Monday secured the final forfeiture of 20 landed properties valued at over N3, 007, 000, 000 belonging to a top military officer.

In a statement by the EFCC, this is controlled through proxies including late General Aminu Maude as well as companies such as Atlasfield Integrated Services Nigeria Limited, Marhaba Events Place, Aflac Plastics and Atlasfield Gas Plant Limited.

Justice N. E Maha of the Federal High Court sitting in Abuja, granted the Order while ruling on the application by counsel to the EFCC, Cosmos Ugwu and Musa Isah.

The Court had in May, 2020 ordered the interim forfeiture of the properties following an ex parte application by the Commission, alleging that the assets were proceeds of unlawful activities.

The court, having considered the application vis-a-vis Section 17 of the Advance Fee Fraud and other Fraud Related Offences Act, 2006, more particularly sub-sections 1 and 3 thereof, granted the prayers of the Commission for an interim forfeiture and directed the publication of notices, alerting anyone with interest in the properties to show cause why they should not be forfeited to the Federal Government of Nigeria.

In the absence of any contestation, the court today ordered the final forfeiture of the properties.

The forfeited properties EFCC noted, are located in different parts of Kano, Katsina, Calabar (Cross River State) and Kaduna. They included Fuel Stations, Event Centers, Plazas, Block Industries, Truck Assembly Plant, Polythene Production factory and table water factory.

Some of the properties include undeveloped plot located at Rake, Adjacent to Dara Orthopedic Hospital, Kano valued at N300, 000, 000; 117 hectares of land located at Adiabo, Oduapani LG covered by Certificated of Occupancy No. OD/23/2011 dated 21/2/ 2011 in Calabar, Cross River State, valued at N386, 000, 000; Truck Assembly at Ring Road, adjacent to AA Affa Filling Station, Kano, valued at N206, 000, 000 and Marhaba Event Centre, Guda Abdulahi Road Farm Centre, Kano valued at N250, 000, 000.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Aflac Plastics Atlasfield Gas Plant Limited Atlasfield Integrated Services Nigeria Limited Guda Abdulahi Marhaba Events Place

Post navigation

Previous Enabling sustainability in the beauty industry with plant-based beauty
Next Over 2,000 child soldiers disengaged in Borno – CJTF

Related Stories

Portals of Hope Foundation unveiled in Abuja, NAPTIP DG commends initiative
  • National News

Portals of Hope Foundation unveiled in Abuja, NAPTIP DG commends initiative

July 19, 2026
Military rescues over 40 victims, arrests over 20 terrorists in one week — DHQ Soldiers beat policemen
  • National News

Military rescues over 40 victims, arrests over 20 terrorists in one week — DHQ

July 18, 2026
APRA re-elects Nigeria’s Ibietan, others into its Executive Council at Namibia conference
  • National News

APRA re-elects Nigeria’s Ibietan, others into its Executive Council at Namibia conference

July 18, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Peter Obi: Integrity as currency of an unusual politician, by Ken Ugbechie
  • Perspectives

Peter Obi: Integrity as currency of an unusual politician, by Ken Ugbechie

July 19, 2026
England get World Cup bronze in 10-goal thriller against France; best performance in 60 years
  • Sports

England get World Cup bronze in 10-goal thriller against France; best performance in 60 years

July 19, 2026
2027 and Nigeria’s zig-zag politics, by Sulaiman Aledeh
  • Perspectives

2027 and Nigeria’s zig-zag politics, by Sulaiman Aledeh

July 19, 2026
Portals of Hope Foundation unveiled in Abuja, NAPTIP DG commends initiative
  • National News

Portals of Hope Foundation unveiled in Abuja, NAPTIP DG commends initiative

July 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.