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Orubgbobo: Suspended NIA boss’ wife bought Ikoyi flat with $1.6m cash
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The Economic and Financial Crimes Commission on Friday named Mrs . Folashade Oke as the owner of Flat 7B , No . 13, Osborne Road, Osborne Towers , Ikoyi, Lagos , where the sums of $43, 449, 947, £27, 800 and N 23, 218, 000 were recently recovered by the Economic and Financial Crimes Commission .
Mrs. Oke is the wife of the suspended Director General of the National Intelligence Agency , Amb . Ayo Oke , whose agency had laid claim to the money.
According to the EFCC, Mrs . Oke made a cash payment of $1. 658m for the purchase of the flat between August 25 and September 3, 2015.
She was said to have purchased the property in the name of a company, Chobe Ventures Limited , to which she and her son , Master Ayodele Oke Junior , were directors.
Payment for the purchase of the flat was said to have been made to one Fine and Country Limited .
The EFCC stated that Mrs . Oke made the cash payment in tranches of $700, 000, $650, 000 and $353, 700 to a Bureau de Change company, Sulah Petroleum and Gas Limited , which later converted the sums into N 360, 000, 000 and subsequently paid it to Fine and Country Limited for the purchase of the property .
The EFCC on Friday tendered the receipt issued by Fine and Country Limited to Chobe Ventures Limited as an exhibit before the Federal High Court in Lagos , where it is seeking an order of final forfeiture of the recovered money to the Federal Government .
“ The circumstances leading to the discovery of the huge sums stockpiled in Flat 7B , Osborne Towers leaves no one in doubt that the act was pursuant to an unlawful activity .
“ The very act of making cash payment of $1. 6m without going through any financial institution by Mrs . Folashade Oke for the acquisition of Flat 7B , Osborne Towers , is a criminal act punishable by the Money Laundering ( Prohibition) Amendment Act . I refer My Lord to sections 1( a) , 16( d) and 16( 2) ( b ) of the Money Laundering ( Prohibition) Amendment Act , ” a counsel for the EFCC , Mr . Rotimi Oyedepo , told the court on Friday.
In an affidavit filed before the court , a Detective Inspector with the EFCC , Mohammed Chiroma, stated that “ Chobe Ventures Limited is not into any business but was merely incorporated to retain proceeds of suspected unlawful activities of Mrs . Folashade Oke . ”
While urging the presiding judge, Justice Muslim Hassan , to order the permanent forfeiture of the funds to the Federal Government , Oyedepo argued that the fact that Flat 7B , Osborne Towers was purchased in a criminal manner , made the N 13bn recovered therein “ extremely suspicious to be proceeds of unlawful acts . ”
The lawyer noted that despite the newspaper advertisement of the initial order of April 13, 2017 temporarily forfeiting the money to the Federal Government , no one showed up in court on Friday to show cause why the money should not be permanently forfeited to the Federal Government .
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