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Recovered $43.4m: Court Orders Ikoyi Flat Forteiture
The Federal High Court in Lagos has ordered the temporary forfeiture of Flat 7B, Osborne Towers, Ikoyi, Lagos, where the Sums of $43,449,947, £27,800 and N23,218,000 were discovered stashed in iron cabinets and “Ghana-must-go” bags, last April.
Justice Saliu Sadu of the Federal High Court sitting in Ikoyi, Lagos, yesterday, ordered the temporary forfeiture of Flat 7B Osborne Towers, Ikoyi, Lagos, where the sums of $43, 449, 947, £27,800 and N23, 218 belonging to the National Intelligence Agency were found last April, to the Federal Government.
The EFCC had earlier named the wife of the sacked Director General of the Nigeria Intelligence Agency (NIA), Mrs. Folashade Oke, as the owner of the flat.
The EFCC said it found out that Mrs. Oke made cash payment of $1.658million for the purchase of the flat between August 25 and September 3, 2015.
The Economic and Financial Crimes Commission, EFCC, had discovered the sums of $43, 449, 947, £27,800 and N23, 218 kept in iron cabinets and jute bags, otherwise known as ‘Ghana-must-go’ bags, in the apartment on Wednesday, April 12, 2017. The money had since been permanently forfeited to the Federal Government.
Justice Sadu gave the forfeiture order on the flat following an ex parte application filed by the counsel to the EFCC, Rotimi Oyedepo. Oyedepo had, on May 5, 2017, revealed that the wife of a former Director-General of the National Intelligence Agency, Ayo Oke, Folashade, owns the apartment.
She was said to have made cash payment of $1.658m for the flat between August 25 and September 3, 2015 in the name of a company, Chobe Ventures Limited. She and her son, Ayodele Oke Jnr., were said to be directors in the company. Oke was also said to have made the cash payment in tranches of $700,000, $650,000 and $353,700 to a Bureau de Change operator, Sulah Petroleum and Gas Limited, who later converted the money to N360, 000,000 and subsequently paid it to Fine and Country Limited for the purchase of the property.
In his ruling on the application today, Justice Sadu directed the EFCC to publish the forfeiture order within 14 days in any of the national dailies as notice to Chobe Ventures, its directors or any interested persons to appear before the court to show cause why the property should not be permanently forfeited to the Federal Government.
The case was adjourned to November 30, 2017. Meanwhile, barely two weeks after the former National Intelligence Agency Director General, Amb. Ayodele Oke, was sacked by President Muhammadu Buhari, a Federal High Court has ordered the forfeiture of the $43 million, $43,449,947, £27,800 and N23,218,000 found in his wife’s Ikoyi apartment in April this year, to the federal government.
This happened as the Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, said that there was enormous reward for whistleblowers in the country and pleaded with more Nigerians to blow the lid in stolen public funds and property and get the promised benefits attached to the gesture.
It also emerged that the unnamed young Nigerian, who led the security agents to unravel the huge cash in the Ikoyi home, is being counselled by the EFCC on how he could possibly use the hundreds of millions of Naira accruing to him as a percentage of the amount recovered through his intelligence to the security agents.
The EFCC had taken its prayers to the FHC in Lagos, asking it to permanently confiscate the huge cash to the federal government since it was obvious to the agency that the money was from the proceeds of corruption. In responding to the EFCC prayers, Muslim Hassan ordered the forfeiture of the amount to the government.
Hassan said, “I am in complete agreement with the submission of the learned counsel for the applicant (EFCC) that the property sought to be attached are reasonably suspected to be proceeds of unlawful activities and that by every standard this huge sum of money is not expected to be kept without going through a designated financial institution.
“More so, nobody has shown cause why the said sum should not be forfeited to the federal government of Nigeria. Having regard to the foregoing, I have no other option than to grant this application as prayed” Apparently excited about the seizure, the Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, yesterday, called on Nigerians who want a positive change in the country to take advantage of the whistle blowing policy announced by the government early this year and expose more looters and earn money in the process.
Magu, who made the plea at the ongoing 7th Session of the Conference of State Parties to the United Nations Convention Against Corruption holding in Vienna, Austria said aside from contributing to the eradication of corruption, potential whistleblowers also stand of benefitting from the illicit acquisition by the looters.
According to him, the young man who blew the whistle on the $43,449,947, £27,800 and N23,218,000 recovered on April 7, 2017 by the EFCC in an apartment located at 16, Osborne Road, Ikoyi is already a millionaire by virtue of the percentage he is officially entitled to.
Magu said, “We are currently working on the young man because this is just a man who has not seen one million naira of his own before.
So he is under counselling on how to make good use of the money and also the security implication. We don’t want anything bad to happen to him after taking delivery of his entitlement. He is national pride”, he said. “So we encourage more whistle blowers to come forward with genuine information that will lead to recoveries from looters of public treasuries. That is part of the ways we can put an end to the looting madness in the public sector. “When they know that they have no place to keep the loot, as all eyes are on them, they will find looting of public treasuries unattractive “.
News
Odu Urges Collaboration Among Stakeholders To Improve Health Service Delivery In Rivers
Rivers State Deputy Governor, Prof. Ngozi Odu, has called for renewed commitment, transparency, and collaboration among stakeholders in the health sector in the State.
The deputy governor particularly urged synergy between the Rivers State Contributory Health Protection Programme (RIVCHPP) and the Primary Health Care Management Board towards improved healthcare delivery in the State.
?Prof. Odu made this call during the 2026 First Quarter Review Meeting of the Task Force on Primary Health Care at the Government House, Port Harcourt, on Wednesday.
?She stressed the importance of honesty and urged all parties to be truthful and open in addressing challenges within the system.
?According to her, transparency remains critical to identifying and resolving underlying issues affecting healthcare delivery, noting that “if we are not truthful, we will not cure the disease, but merely cover it up.”
The deputy governor recounted a personal experience at a Primary Health Center where a patient, despite being duly registered under the RIVCIPP scheme with completed biometric capture, was still asked to make payment for services.
According to her, intervention by relevant authorities later confirmed the patient’s eligibility, exposing a communication gap between the scheme and healthcare providers.
Odu warned that such incidents could discourage community members from enrolling in the scheme, thereby undermining its objectives.
“When this happens, we are disenfranchising our people. The message that goes back to the community is that even when you register, you are still made to pay,” she stressed.
?While commending the leadership and staff of the Primary Health Care Management Board, Ministry of Health, Development Partners as well as other supporting units, for their efforts, ty deputy governor stressed that performance should not lead to complacency.
She urged stakeholders to continuously strive for improvement, raise standards, and leave lasting positive impacts within the system.
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News
You Can Now Print Your Exam Slips, JAMB Tells 2026 UTME Candidates
The Joint Admissions and Matriculation Board (JAMB) has announced the opening of examination slip printing for candidates registered for the 2026 Unified Tertiary Matriculation Examination (UTME).
JAMB made the announcement yesterday, urging candidates to visit its website to download their slips ahead of the examination.
“Examination Slip Printing is now available. The slip contains details of the venue, date and time of your examination and gives you access to the examination hall,” the board said.
Candidates are to visit jamb.gov.ng and click on “2026 Slip Printing” to print their slips.
The development comes after JAMB dismissed a viral press release falsely claiming the examination had been postponed.
The board described the notice as “malicious and fake” and urged candidates to disregard it.
The 2026 UTME is scheduled to hold from Thursday, April 16, to Saturday, April 25, 2026.
The examination follows a mock test conducted on Saturday, March 28, which recorded technical difficulties at some Computer-Based Test centres.
Of the 224,597 candidates who registered for the mock, 152,586 sat for the test across 989 CBT centres nationwide.
JAMB said over 20 centres were delisted for technical inadequacies.
The board also warned candidates against fraudsters on WhatsApp claiming to facilitate score inflation, describing such claims as “false and criminal”, and threatening cancellation of registration or withholding of results for any candidate found involved.
Over two million candidates, according to JAMB Registrar, Prof. Ishaq Oloyede, registered for this year’s UTME.
News
RSU Unveils Five-Year Strategic Dev Plan …Calls For Collective Commitment To Institutional Excellence
In a decisive step towards redefining its future, the Rivers State University, Port Harcourt, has formally unveiled its Third Five-Year (2026-2030) Strategic Development Plan.
The development plan is a comprehensive roadmap designed to strengthen the university’s position as a leading institution in Nigeria and beyond.
The unveiling took place during a high-level engagement with the Governing Council, Principal Officers and the university congregation, at the Convocation Arena, recently.
Delivering his remarks at the unveiling ceremony, the Pro-Chancellor of the university and Chairman of Council, Hon. Okey Wali, SAN, charged all members of the university community to align their activities with the strategic direction of the institution, emphasizing that the success of the plan depends on collective commitment.
He noted that the plan is not merely a document, but a working framework that requires discipline, accountability and unity of purpose.
According to the Pro-Chancellor, only through coordinated efforts from all stakeholders can the university fully realize its vision.
“I hereby invite the Visitor to the University, donor agencies, friends and well-wishers, and all stakeholders to support and fund the implementation of this strategic plan. We are confident that this plan will take RSU to greater heights in the comity of higher institutions,” he said.
The Vice-Chancellor of the University, Prof. Isaac Zeb-Obipi, described the Strategic Development Plan as a document that would enhance the university’s corporate strengths, mitigate current weaknesses, leverage its corporate opportunities and address perceived existential threats.
“This Five-Year Strategic Plan sets out RSU’s goals, strategic objectives, expected outcomes and impact, including intervention strategies,” he said.
On his part, the Chairman of the Strategic Development Planning Committee, Prof. Emeritus Joseph A. Ajienka, noted that the 2026-2030 Strategic Development Plan represents a bold reaffirmation of the university’s founding ideals of excellence, creativity, innovation and inclusivity, aimed at positioning the institution to respond effectively to contemporary challenges in higher education.
Prof. Ajienka, who is also a member of the Governing Council, disclosed that the plan was developed through an extensive and inclusive consultative process, which he said reflects contributions from Faculties, Departments, Satellite Campuses and Administrative Units.
At its core, the plan seeks to advance the university’s vision of becoming a “unique and uncommon” institution that is structurally and philosophically oriented towards solving practical societal problems and ranking among the top ten universities in Nigeria.
The strategic framework identifies six key challenges confronting the university, including funding constraints, infrastructure deficits, limited research collaboration, and service delivery inefficiencies.
A statement by the university’s Acting Director, Corporate Affairs, Victor G. Banigo, further stated that the university has articulated four broad strategic goals supported by eight targeted objectives.
A central priority of the plan, according to him, is the strengthening of governance and administrative systems, alongside deliberate efforts to expand the university’s funding base. Others include enhanced alumni engagement, strategic partnerships and innovative fundraising initiatives aimed at ensuring long-term financial sustainability.
“Equally significant is the commitment to upgrading physical infrastructure across all campuses. Plans are underway to modernize lecture halls and laboratories, expand student accommodation, improve campus security and deploy advanced ICT systems to support teaching, learning and research.
“Recognizing that human capital is the backbone of institutional success, the university has placed strong emphasis on staff development, recruitment and productivity enhancement. Through targeted training programmes, mentorship initiatives and performance management systems, the plan aims to foster a highly skilled and motivated workforce.
“In addition, the university is poised to deepen its focus on research, innovation and entrepreneurship. By reviewing academic curricula, strengthening industry partnerships and establishing innovation incubation centers, Rivers State University seeks to translate research outputs into practical solutions that address societal needs and drive economic growth,” he said.
The PRO disclosed that the implementation of the strategic plan is projected at ?110 billion, reflecting the scale of transformation envisioned.
“While the university is committed to funding a significant portion internally, additional resources will be mobilized through government support, donor agencies, alumni contributions, and public-private partnerships.
“This multi-channel funding strategy aligns with the university’s broader goal of building a resilient and self-sustaining financial model capable of supporting long-term development,” he explained.
To ensure effective implementation, he said, “the plan incorporates a comprehensive monitoring and evaluation framework, complete with performance and impact indicators. A mid-term review is scheduled within the first two years to assess progress and make necessary adjustments.
“Furthermore, the establishment of a dedicated Strategic Planning Office will provide oversight, coordination and accountability in executing the plan across all units of the university.”
According to the statement, “As the university embarks on this transformative journey, the message from leadership is clear: the Strategic Development Plan is a collective mandate.
“For staff, students, alumni and stakeholders, it represents an opportunity to contribute meaningfully to the growth and advancement of the institution. For the university, it is a pathway to consolidating its legacy while embracing innovation and global relevance.
“With a clear vision, defined priorities and a united community, Rivers State University stands poised to translate this strategic blueprint into measurable progress, advancing knowledge, empowering people and shaping the future of higher education in Nigeria.”
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