PRESIDENT TINUBU CONGRATULATES GOVERNOR HYACINTH ALIA ON HIS 60TH BIRTHDAY. (PHOTO).

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 PRESIDENT TINUBU CONGRATULATES GOVERNOR HYACINTH ALIA ON HIS 60TH BIRTHDAY President Bola Tinubu has congratulated Reverend Father Hyacinth Alia,  Governor of Benue State, and an ordained priest on his 60th birthday. In a statement personally signed by President Tinubu, he says "I commend Governor Alia for his transformative efforts to industrialise the state and expand its road network. Benue State, famously Nigeria's food basket, now has tomatoes and fruit juice, beer, nylon and polythene factories, as well as a large-scale bakery, providing jobs for its people and adding value to its agricultural products. The iconic underpasses in Makurdi and Gboko have also eased traffic and improved urban life." It adds that Governor Alia's political journey is simply that of faith made manifest, ordained a Catholic priest in 1990 by Bishop Athanasius Atule Usuh of Makurdi Catholic Diocese. It was no surprise that his people, whom he had long served faithfully in the vineyard o...
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ALLEGED FOREX, INVESTMENT FRAUD: COURT ORDERS INTERIM FORFEITURE OF N1.3BN HOTEL LINKED TO IKEJA CHAMBER MD, EDWARD OLUTOKE. (PHOTO). #PRESS RELEASE

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 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.

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