Nigerian government seizes 25 properties in Abuja

Nigerian government seizes 25 properties in Abuja

- The federal government, through the ICPC, has seized 25 registered properties in Abuja

- A court in the Federal Capital Territory granted the ICPC the final forfeiture order

- The property owners were among 29 entities that had been earlier approached with a net N8.6 billion tax liability

A Federal High Court in the Federal Capital Territory, Abuja has ruled on an ex-parte application filed by the Independent Corrupt Practices and other related offences Commission, ICPC.

The court presided over by Hon Justice Baba H. Yusuf, granted the ICPC the final forfeiture order against the Shehu Yar’Adua Foundation (centre) and 24 other registered properties in Abuja.

The ICPC spokesman, Rasheedat Okoduwa, in a statement on Thursday, December 19, said that the forfeiture order was granted over alleged tax evasion by the owners of the properties.

The statement revealed that the Federal Inland Revenue Service had to prepare a schedule of tax obligations against the defaulters.

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Nigerian government seizes 25 properties in Abuja

The tax regime under President Muhammadu Buhari has been very strict on defaulters. Photo credit: Aso Rock
Source: Twitter

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The ICPC stated that the forfeited companies were among 29 entities that had been earlier approached with a net N8.6 billion tax liability.

“For this reason, a complaint was submitted to the office of the Vice President of the Federal Republic of Nigeria, which was forwarded to the Commission for further action,” the ICPC said.

Daily Nigerian reports that many of the forfeited properties are located in central highbrow areas of Abuja such as Wuye, Jahi, Utako, Wuse, Garki II, etc.

Recall that the ICPC recently secured an interim forfeiture order on two assets located at Sabon Lugbe, Abuja.

The spokesperson for the commission, Rasheedat Okoduwa, in a statement obtained by Legit.ng disclosed that the interim forfeiture order was issued following a motion ex parte filed by counsel to ICPC, John Paul Okwor.

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The commission disclosed that Justice Okon Abang of Federal High Court sitting in Abuja granted the order against the assets linked to an erstwhile staff of Nigeria Security and Civil Defence Corps, Adenike Ishola Bintu and her company, Faith Winners Properties Nigeria Ltd.

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