COURT JAILS MAN ONE MONTH FOR NON-DECLARATION OF $40,000 AT AIRPORT IN LAGOS. (PHOTOS). #PRESS RELEASE.

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 EFCC PRESS RELEASE   Court Jails Man One Month for Non-declaration of $40,000 at Airport in Lagos    Justice A.O.Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Friday, April 4, 2025, convicted and sentenced one Igboezue Emeka to one month imprisonment for money laundering.   The convict was arrested on February  12, 2025 at the Murtala Muhammed International Airport, Ikeja, Lagos by operatives of the Nigeria Customs Service, NCS, for false currency declaration to the tune of $40,000( Forty Thousand United States of America Dollars).   The NCS had, on the same day, handed him over to the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo Road, Ikoyi, Lagos for further investigations and prosecution.   Consequently, he was arraigned on Friday on one-count charge bordering on money laundering.   The charge reads: “That you, IGBOEZUE EMEKA, on or about the 12th day of February, 2025, at Murtala...
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THE RE-DEVELOPMENT OF FALOMO SHOPPING CENTRE IN IKOYI,CANCELED BY AMBODE.

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                 The governor in a statement signed by his Chief Press Secretary,Mr Habib Aruna said that the decision was carried out based on a recent discovery that the concession was grossly detrimental to the interests of the people of the state.According to him,only N50 million was paid by the concessionaire,Afriland Properties,for a 50 year lease of the property belonging to the government.He said the state Government,as custodian of the interests of Lagosians,is committed to the restructuring of the LSDPC to ensure it begins to provide positive capital returns to the state Government for the ultimate benefit of the people''.Governor Ambode had two months ago,relieved former Managing Director of the LSDPC,Mr Biodun Oki,of his appointment,and appointed Mr Jacob Agosu as Acting CEO of the Corporation,in a bid,according to the statement,to stem the tide of negative capital returns of the corporation.

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