25 C
Lagos
Wednesday, September 30, 2020
- Advertisement -

EFCC Seals Off Orji’s Assets

Opinion

Development of Nigeria’s Digital Economy Anchored on Eight Pillars – A Speech by Isa Patanmi

I am highly delighted to launch the Digital Nigeria Portal and Mobile App as part of the implementation of our National Digital...

Why I Made TIME100 Most Influential People of 2020

Not every day do you wake up to this —honoured to be named to the 2020 Time100 from TIME. This has been...

Subsidizing the Naira Blocks Nigeria’s Economic Takeoff By Kingsley Moghalu

The Naira should be floated to find its exchange rate value on the market if Nigeria’s economy is to become productive, instead...

Africa, AfCFTA, The Private Sector and The Way Forward By Abdul Samad Rabiu

I start by congratulating African leaders on the opening of the AfCFTA secretariat last month. I believe the secretariat will further help...

The Economic and Financial Crimes Commission (EFCC) said on Thursday that its operatives had sealed some properties believed to belong to a former governor of Abia, Theodore Orji. EFCC Spokesperson Dele Oyewale said the properties were suspected to be proceeds of fraud.

Mr Oyewale said the properties which were sealed on June 24 in Abia’s capital city Umuahia, were traced to the former governor during ongoing investigations into his alleged financial malfeasance.

The assets traced to Orji by the EFCC include the Abia Mall which houses Shoprite and other famous brands, Benac Hotels opposite the Broadcasting Corporation of Abia (BCA), and a housing estate located at former Umuahia Main Market.

Oyewale said: “Our investigations show that the property belongs to Theodore Orji and as part of the investigations, we have to seal them. That is exactly what we have done. We cannot give a time frame within which to charge him to court because our investigations are always thorough and very diligent.”

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Business Profiles

Akeem Lawal

Mr Akeem Lawal is a pioneering member of the Interswitch management team and is the current Divisional Chief Executive officer of Payments...

Ahmed Rady

Ahmed Rady is a managing director at Alta Semper Capital. He joined Alta Semper in 2018 as a Director. He brings more...

Olufunke Aiyepola

Olufunke Aiyepola is the chief executive of UTL Trust Management Services Limited. She studied Law at the University of Ife (now Obafemi...

Edefe Ojomo

Edefe Ojomo is a lecturer in the Department of Jurisprudence and International Law at the University of Lagos, Nigeria. She has a...

Afsane Jetha

Afsane Jetha is the Managing Partner and CEO of Alta Semper Capital, which she co-founded in 2015 alongside Ronald Lauder (Chairman of...