ICPC
Finally, Yar’Adua Foundation,
ICPC
Finally, Yar’Adua Foundation, 25 Exotic Properties in
Abuja Forfeited to Government
A final forfeiture order has been secured by the Independent
Corrupt Practices and Other Related Offences Commission (ICPC)
against 25 properties in Abuja belonging to Shehu Yar’Adua
Foundation and 24 other registered entities.
A Federal Capital Territory High (FCT) Court (No.3) Maitama,
presided over by Hon Justice Baba H. Yusuf, ruled on an ex-parte
application filed by ICPC granting it the final forfeiture order
against the properties.
The order obtained by the Commission against the properties is
for their owners’ alleged failure to pay their taxes as at when
due, for which the Federal Inland Revenue Service (FIRS) had to
prepare a schedule of tax obligations against them.
These companies were among 29 entities that had been earlier
approached with a net N8.6 billion tax liability, but they denied
ownership of the properties. 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.
Consequently, ICPC filed an ex-parte application in the FCT High
Court under Section 17 of the Advance Fee Fraud and Other Related
Offences Act, 2006, seeking an Interim Forfeiture Order against the
properties of the tax defaulters, which was granted.
In compliance with the order of the court, the Commission
published notices in national newspapers calling for persons having
interest in all or any of the forfeited properties to appear and
“show cause” why the said properties should not be finally
forfeited to the federal government.
That being so, three companies — Frankdiowo Nigeria Limited,
Kati Nigeria Limited and R.Timmermann & Co Nigeria Limited –
appeared in court to explain why their properties should not be
finally forfeited by urging the court to discharge them.
However, amongst them, only Frankdiowo Nigeria Limited showed
“good cause” and was discharged, while the other two will return to
court for the hearing of their affidavits.
Many of the forfeited properties are located in central highbrow
areas of Abuja such as Wuye, Jahi, Utako, Wuse, Garki II, etc.
Signed:
Mrs. Rasheedat A. Okoduwa, mni
Spokesperson for the Commission