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EFCC hands over houses seized from looters to VON, PTAD, others

EFCC hands over houses seized from looters to VON, PTAD, others

- The EFCC has handed over some houses seized from some alleged corrupt Nigerians to government agencies

- The commission said the house will be used by the government

The Economic and Financial Crimes Commission (EFCC) said it has handed over magnificent houses seized from some alleged corrupt Nigerians to government agencies.

The chairman if the EFCC, Ibrahim Magu, while speaking with journalists in Abuja on Wednesday, September 12, said the houses recovered from alleged looters have been handed over to government agencies for use.

Magu said some of the agencies which received the properties included: Voice of Nigeria, Pension Transitional Arrangement Directorate, Presidential Initiative on the northeast and Voluntary Asset and Income Declaration Scheme.

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“In an effort to maximise and utilise some of the forfeited properties recovered by the commission, numerous government agencies have been allocated properties to be used as offices.

“These magnificent properties are currently housing institutions such as VAIDS office under the ministry of finance, a unit from the defence headquarters, Voice of Nigeria, PINE and also PTAD. This, in the long run, will drastically reduce the cost of rent by institutions," Magu said.

The EFCC's chairman added that the commission had also recovered N35 billion and N4 billion for the Federal Inland Revenue Service (FIRS) and the Asset Management Company of Nigeria, respectively.

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“Tax liabilities of other institutions running into billions of naira have also been identified and the companies have agreed to pay. Between January and August 2018, the commission has secured 158 convictions and still counting while within the same period, we have recovered N106,516,222; $1,635,925; £629,193 and €25, 575," the EFCC scribe said.

Punch reports that one of the properties, a mansion located at 6, Ogun River Crescent, Maitama, had allegedly belonged to a former Chief of Defence Staff, Air Chief Marshal Alex Badeh (retd.), who is standing trial for alleged N3 billion fraud.

Another seized property, Briffina Hotel, Garki Area 1, was once owned by Dr Sani Teidi, a former director of Pension Accounts, Office of the Head of Civil Service of the Federation, who is standing trial before Justice Gabriel Kolawole of the Federal High Court, Abuja, for alleged N18.3 billion fraud.

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Meanwhile, Legit.ng previously reported that the EFCC had on Wednesday, September 12, disclosed that bank accounts will be monitored for suspicious transactions and warned banks to desist from being collaborators with shady politicians.

The commission noted that it would partner with the Independent National Electoral Commission (INEC) to monitor campaign spending ahead of the 2019 general elections.

Legit.ng gathered Ibrahim Magu, the acting chairman of the commission, noted that the ambition is aimed at addressing the rising cases of vote-buying and improving governance.

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Source: Legit.ng

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