EFCC seizes N7bn assets of INEC dead director

Wednesday, 06 September 2006

The Economic and Financial Crimes Commission (EFCC) has secured a court order, confiscating alleged ill-gotten assets, worth about N7 billion, belonging to a deceased Director of Finance and Supplies of INEC, Pastor Timothy Olufemi Akanni.The assets include cash in local and foreign currencies; landed properties in choice areas in both Lagos and Abuja; shares in bluechip companies; registered schools, bakeries and expensive cars, among others.

The order was granted ex-parte by the vacation judge, Justice Anwuri Chikere, upon a request by the anti-graft commission on behalf of the Federal Government. The Commission had told the court that it was investigating Pastor Akanni for various weighty complaints touching on conspiracy, abuse of public office, diversion of public funds and money laundering.Besides, EFCC alleged that relations of the late Akanni and the deceased's cronies who were still being investigated over some petitions were making frantic attempts to withdraw money from the accounts of the companies sought to be forfeited, being alleged proceeds of fraud.

The anti-graft commission proffered arguments before the court on why all the assets must be confiscated, supporting same with affidavit evidence. The high court judge ordered all the assets and properties listed on two separate schedules by EFCC belonging to the late Pastor Akanni to be temporarily forfeited to the Federal Republic of Nigeria.The deceased director stripped of all his assets by the anti-graft commission was a pastor of a Pentecostal church in Abuja until his death in the October 22 Bellview Flight 210 crash at Lisa in Ogun State. He was one of the 117 passengers that lost their lives.

The interim order confiscating his assets, two weeks ago, was one of the last set of orders granted by Justice Anwuri Chikere of the Federal High Court, Abuja before she was transferred to the Kaduna Division of the court.Pastor Akanni was a director of INEC between 1996 and 2005 during which he allegedly acquired a huge amount of money. No petition was raised when he was in office as INEC director.

Trouble started shortly after he died when his assets were to be shared. Pastor Akanni was said to have married another woman legally without the knowledge of the only wife known to the family. The new wife who claimed to be legally married to Pastor Akanni with children showed up in Akanni's home, claiming to be his widow.The only wife at home never believed herself, given the fact that her husband was a respected man of God. But when the new wife tendered documentary evidence to back up her claim, the first wife known to the family vowed never to recognise her and that the alleged new wife and her children would not benefit from the deceased's assets.

All efforts to make the first wife see reason proved abortive, a development that provoked petitions to EFCC for confiscation of huge sums of money totalling one billion in two local accounts maintained by the deceased before he died. When EFCC moved in, it was discovered that the assets the two women were fighting over were insignificant, given others owned by Pastor Akanni in and outside the shores of Nigeria.

Assets worth N7 billion were uncovered by the EFCC. Investigations are still on-going in the matter since some accounts were traced beyond the shores of the country. But while investigations were on-going, efforts were made to tamper with the rest of the petitions, a development that made the Chairman of EFCC, Mallam Nuhu Ribadu, to apply to court for confiscation of various assets already uncovered and believed to have been acquired with proceeds from ill-gotten wealth.

The uncovered assets, belonging to the deceased pastor, now confiscated, and listed in two different schedules include a house at Victoria Garden City located on Plot H 70, Road 42, VGC; a plot of land measuring 3,510square metres at Banana Island, Foreshore Estate, Ikoyi; a plot registered as 25/25/26 of plot 4, block 5, measuring 1145.5sq metre; 4 terrace houses at Parkview Estate, Lagos; property on 11, Olaosebikan street, off Alli Street, Okota; Victory Plaza located at Area 11, Garki, Abuja and two duplexes situated at 13, Mississippi street, Maitama.

Others include a two-bedroom flat at Gaduwa street, Abuja; four bedroom duplex located on Plot B 10, Prince and Princess Estate, Duboyi, Abuja; plot of land at Danube street, Maitama; two-bedroom bungalow at Plot E 16 at Prince and Princess, Duboyi, Abuja; a unit of duplex at Abuja Model City (Adkan Estate), Gwarinpa II, Abuja and four-bedroom detached duplex at Gwarinpa II, Abuja.

Also seized are his Unity High School on Plot 31, Phase 4, opposite General Hospital, Kubwa, Abuja; Unity Montessori Nursery and Primary School, Phase 4, Kubwa, Abuja; Unity Bakery in Kubwa and a property located on Plot 46, Ajose street, Ilasamaja.

Also on the schedule of seized items are his properties on Plot 342 Dakibiya {P&P}, Abuja with right of occupancy; plot of land at Gosa; plot 1031B, Kaura District in the name of Victory Bakery and Confectionary Limited; plots 3114, 3044, Asokoro extension; plot MP/54155, Mpape layout, Abuja and plot 1016 in Katampe District, Abuja.

Also temporarily forfeited are Land Rover Jeep with registration number BH 559APP; Volkswagen Touareg with registration number KF 242AAA, Lagos; Toyota Camry 2.2L automatic with chassis number 200060090; Toyota Hiace bus with chassis number 7005913; Toyota Hiace bus with chassis number 7005050 and Toyota Hiace bus with chassis number 7006224.

Frozen by the court are 23 different bank accounts (deposit and current) opened in the names of Femak Nigeria Enterprises; Victory Bakery and Confectionaries Limited; Mountain Ventures Limited; OlusegunAkanni; Femak Nigeria; Ajakaiye Adeola Oluwakemi; Akanni T Olusegun; Unity Montessori Nursery and Primary School; Cumet Nigeria Limited and Molamos Nigeria Limited. Shares acquired by late Pastor Olufemi Akanni with First Bank; Oceanic Bank and Zenith Bank valued at N4,556.200; N5,000,000 and N3,600,000 respectively during his lifetime among others were also confiscated.

Confiscated ASSETS
*a house at Victoria Garden City on Plot H 70, Road 42, VGC
*a plot of land measuring 3,510square metres at Banana Island, Foreshore Estate, Ikoyi
*a plot registered as 25/25/26 of plot 4, block 5, measuring 1145.5sq metre
*4 terrace houses at Parkview Estate, Lagos
*property on 11, Olaosebikan street, off Alli Street, Okota
*Victory Plaza located at Area 11, Garki, Abuja
*two duplexes situated at 13, Mississippi street, Maitama
*two-bedroom flat at Gaduwa street, Abuja
*four bedroom duplex on Plot B 10, Prince and Princess Estate, Duboyi, Abuja
*plot of land at Danube street, Maitama
*two-bedroom bungalow at Plot E 16 at Prince and Princess, Duboyi, Abuja
*a unit of duplex at Abuja Model City (Adkan Estate), Gwarinpa II, Abuja
*afour-bedroom detached duplex at Gwarinpa II, Abuja
*Unity High School on Plot 31, Phase 4, opposite General Hospital, Kubwa, Abuja
*Unity Montessori Nursery and Primary School, Phase 4, Kubwa, Abuja
*Unity Bakery in Kubwa and a property located on Plot 46, Ajose street, Ilasamaja
*Plot 342 Dakibiya {P&P}, Abuja with right of occupancy
*plot of land at Gosa
*plot 1031B, Kaura District in the name of Victory Bakery and Confectionary Limited
*plots 3114, 3044, Asokoro extension
*plot MP/54155, Mpape layout, Abuja
*plot 1016 in Katampe District, Abuja
*and Rover Jeep with number plate BH 559APP
*Volkswagen Touareg with number plate KF 242AAA, Lagos
*Toyota Camry 2.2L automatic with chassis number 200060090
*Toyota Hiace bus with chassis number 7005913
*Toyota Hiace bus with chassis number 7005050
*Toyota Hiace bus with chassis number 7006224
*23 different bank accounts {deposit and current} in a bank opened in the names of Femak Nigeria Enterprises; Victory Bakery and Confectionaries Limited; Mountain Ventures Limited; Olusegun Akanni; Femak Nigeria; Ajakaiye Adeola Oluwakemi; Akanni T Olusegun; Unity Montessori Nursery and Primary School; Cumet Nigeria Limited and Molamos Nigeria Limited.
*Shares in banks valued at N4,556.200; N5,000,000 and N3,600,000 respectively

By Ise-Oluwa Ige culled from The Vanguard

http://www.efccnigeria.org/index.php...=1020&Itemid=2

__________________
Working on my first book. Due out in 2008. Watch this space
Every man gotta right to decide his own destiny,
And in this judgement there is no partiality.

No more internal power struggle;
We come together to overcome the little trouble.

Mash it up-a in-a Zimbabwe (Zimbabwe);
Africans a-liberate (Zimbabwe), yeah.

this story has nothing to do with the first accusations that ribadu made before,he said## A FEMALE PASTOR WHO DIED IN A PLAN CRASH RECENTLY##
pls jamo read ur facts stRAIight

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AIDS is real,stop DECEIVING urself.check ya status!

Should you find yourself the victim of other people's bitterness, ignorance, smallness or insecurities; remember,things could be worse.You could be one of them!


“If you dream you can beat me, wake up and apologize.”

False accusations, where the evidence. He need to get his facts straight

__________________
Working on my first book. Due out in 2008. Watch this space
Every man gotta right to decide his own destiny,
And in this judgement there is no partiality.

No more internal power struggle;
We come together to overcome the little trouble.

Mash it up-a in-a Zimbabwe (Zimbabwe);
Africans a-liberate (Zimbabwe), yeah.

we aint talking bout facts i am just trying to refer to u that this topic u posted and the one he mentioned aint got nothing in common okay?.......smooches

__________________
AIDS is real,stop DECEIVING urself.check ya status!

Should you find yourself the victim of other people's bitterness, ignorance, smallness or insecurities; remember,things could be worse.You could be one of them!


“If you dream you can beat me, wake up and apologize.”

na wah oooh what is this man doing with all this wealth and he had another lady he was married to......the good thing about grave is that u go in with nothing

the thing wey God go judge dey too much

Jamai you are right the figures and the tales mentioned above are similar to what was said about a female pastor and am sure a lot of people had their eyes rolling towards a known pastor. He should get his facts right or may be the press twisted the gender to a female..... who knows

maybe but which other pastor died in a recent plane crash?

__________________
AIDS is real,stop DECEIVING urself.check ya status!

Should you find yourself the victim of other people's bitterness, ignorance, smallness or insecurities; remember,things could be worse.You could be one of them!


“If you dream you can beat me, wake up and apologize.”

This is such a sad story very sad indeed. A whole pastor haba?

Personally thats their business, I just try to learn something from every situation. Thats why the bible says Jesus should be who we look towards, not our pastor or Bishop. These gusy do these shameful acts in front of our faces and we are afraid to talk because "He is a man fo God", or we are told "Touch not my anointed".
Many of them have women in every city and find time to leave them under the guise of "conventions" and "meetings".
I ma not saying every pastor is like this, however if you are in a situation where things do not add up, you shoudl challenge it or get out.

The bigestthing though is that if the esteemed "first lady" had been a fair and half way decent woman she would have made sure his "outside" children were taken care of but greed and mean spiritedness now she is gonna lose everything.

__________________
Working on my first book. Due out in 2008. Watch this space
Every man gotta right to decide his own destiny,
And in this judgement there is no partiality.

No more internal power struggle;
We come together to overcome the little trouble.

Mash it up-a in-a Zimbabwe (Zimbabwe);
Africans a-liberate (Zimbabwe), yeah.

Pastor Bimbo Odukoya........ and at first when the news broke out I thought they where referring to her ministry b/c the press mentioned a Lady

Jamai you are so right that is what greed can do the 1st wife should have settled the other lady or maybe she thought she was coming to claim.... . Will her grate grand children be able to finish the billion..... what a Shame....

exactly what am saying,when the story broke out,it conveniently referred to her and thats why i am now confused that jamo is mixing that story up with this one.

__________________
AIDS is real,stop DECEIVING urself.check ya status!

Should you find yourself the victim of other people's bitterness, ignorance, smallness or insecurities; remember,things could be worse.You could be one of them!


“If you dream you can beat me, wake up and apologize.”