WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).

-
Image
Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...
Post a Comment

ALLEGED FOREX, INVESTMENT FRAUD: COURT ORDERS INTERIM FORFEITURE OF N1.3BN HOTEL LINKED TO IKEJA CHAMBER MD, EDWARD OLUTOKE. (PHOTO). #PRESS RELEASE

-


 Alleged Forex, Investment Fraud: Court Orders Interim Forfeiture of N1.3bn Hotel Linked to Ikeja Chamber MD, Edward Olutoke


Justice A.O. Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, March 12, 2026, ordered the interim forfeiture of a hotel, Responsible Leaders Hotel, linked to Edward Olutoke, Managing Director, Ikeja Chamber of Commerce, Industry and Agriculture.


The property, located at 1, Ostra Close, Jobi Fele Way, Alausa, Ikeja, Lagos, is valued at about N1.3bn.


The judge gave the order, following an ex parte motion filed by the Economic and Financial Crimes Commission, EFCC, through its counsel, C.C. Okezie.


Moving the application for interim forfeiture, Okezie told the court that the application was supported by an affidavit deposed to by Obed Tanko, an investigator with the EFCC.


Tanko, in the affidavit, stated that the suspect allegedly obtained billions of naira from unsuspecting investors under the guise of operating a capital-guaranteed forex trading and investment scheme.


According to him, the petitioners allegedly invested various sums of money after being assured that the company was registered and accredited to carry out forex trading and investment activities.


Investigations, however, revealed that neither the suspect nor the organisation possessed the necessary regulatory approval to operate such an investment scheme.


Further investigation also revealed that the funds collected from several investors were allegedly diverted and used to acquire luxury assets, including the hotel.


Okezie, therefore, submitted that the property was reasonably suspected to have been acquired with proceeds of unlawful activities.


Justice Owoeye, having been fully persuaded by the evidence presented before the court, granted the application as prayed.


The judge also directed the Commission to publish the interim order in any national newspaper to enable any interested person to appear before the court and show cause why the property should not be finally forfeited to the Federal Government of Nigeria.

Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

MUSICIAN HARRY-SONG,REVEALS THE FACE OF THE FEMALE FAN WHO IS THREATENING TO KILL HIM.{PHOTOS}.

-
Image
             According to Harrysong who took to his Instagram to share the photo of a lady who has been begging him to sleep with her but after he refused her offer,the lady's fangs and venom came out and she is now threatening his life.He wrote alongside a screen shot of her messages with the caption ''This has been going going on for like a month now...there's a Lady I thought was a fan.She started with all the compliments,appreciating my music and brand..then progressed to saying she's in love with me..then progressed to saying she's in love with me..then progressed to request for sex...and now she's even threatening to kill me if she doesn't ve me on her bed.As you all know am in America currently doing my tour..people around my estate also sent messages to me now,saying there's a lady looking for my house address,desperately saying she will pay anything...that she's in love with me.Her Instagram handle is @missongz wat I don't understan...
Read more