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Court Orders Release Of 27 Houses Seized By EFCC

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A Federal High Court in Abuja has ordered the Economic and Financial Crimes Commission (EFCC) to immediately release 27 houses wrongly seized by the commission.

Justice Joyce Abdulmalik issued the order while giving judgment in a suit marked FHC/ABJ/CS/348/2025 filed by the EFCC.

The EFCC had, on 13 March, obtained an ex-parte interim forfeiture order against the 27 properties, which it claimed were acquired from proceeds of unlawful acts.

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Following its publication of the interim forfeiture order in the Punch newspaper on 4 April, as ordered by the court, James Ikechukwu Okwete and his company, Jamec West African Limited, claimed ownership of 26 of the properties, while Adebukunola Iyabode Oladapo showed interest in House No. 12, Fandriana Close, Wuse 2, Abuja.

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Okwete, Jamec Ltd, and Oladapo objected to the EFCC’s subsequent application for final forfeiture of the properties and, in a judgment on 31 October, Justice Abdulmalik upheld their objection, dismissed the EFCC’s application for final forfeiture, vacated the earlier order for interim forfeiture, and ordered the commission to immediately release the properties.

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In the 31 October judgment, Justice Joyce Abdulmalik said, based on her analysis of the evidence presented before the court, “I firmly find that the property owner/respondent’s (Okwete’s) affidavit to show cause has merit.
“Additionally, I hold in favour of Adebukunola Iyabode Oladapo, being the person interested in House No. 12, Fandriana Close, Wuse 2, Abuja, FCT, that since the learned senior counsel for the applicant (EFCC) has informed court that it has no objection to her affidavit to show cause, that her affidavit filed to show cause stands substantiated in its entirety.

“Without more, I forthwith set aside and vacate in its entirety the interim order of forfeiture granted on 13 March 2025 to the applicant in respect of the properties listed in the schedule attached to the applicant’s ex-parte originating motion.
“Accordingly, I order the immediate release of the aforementioned properties and their documents to the property owner/respondent, and House No. 12, Fandriana Close, Wuse 2, Abuja, FCT, to Adebukunola Iyabode Oladapo respectively.

“In that vein, the applicant’s motion for final forfeiture, along with the corresponding responses filed, are now otiose. I so hold,” Justice Abdulmalik said.
However, the lawyer to Okwete and Jamec Ltd, Serekowei Larry, SAN, has written to the Chairman of the EFCC, complaining about the commission’s alleged failure to comply with the judgment.

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The 27 November letter, written by Larry on behalf of Okwete and Jamec Ltd, reads: “We write as counsel to Mr James Okwete and his company, Jamec West Africa Ltd, ‘the property owners,’ to formally apprise you of the events that have followed this case since 31 October 2025, when judgment was given against you.
“As indicated above, judgment was given by the Federal High Court, coram: Hon. Justice Joyce O. Abdulmalik, on Friday 31 October 2025, in the presence of your counsel, led by Maryam Hayatudeen, Esq.
“On 14 November 2025, the judgment order was served on your good office and nothing was done to obey it.

“On 26 November 2025, the Federal High Court, through its Enforcement Unit led by Mrs Lilian Amenger, proceeded to your office to execute the judgment, which simply required your office to hand over the title documents of the properties, subject matter of the suit, to the officials of the court.

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“In straight words, your office refused to do so, thereby blatantly disobeying the said judgment, which in its penultimate paragraph used the words ‘the immediate release.’

“In any regime, let alone a democracy, it would be the height of it if judgments of court are blatantly disobeyed. We, however, want to believe that you are not aware of what happened; hence this letter.

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“We anticipate your positive reaction within a reasonable time before we take further steps.”

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

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Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

READ ALSO:Film Premiere: Edo In Talks With Embassies To Promote Safe Migration —Agazuma

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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

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He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

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READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

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“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

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First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

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Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

READ ALSO:I’ve Been Blacklisted In Music Industry For 13 Years – Seun Kuti

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

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Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

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Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

READ ALSO:My Beef With Wizkid Is For Life – Seun Kuti

By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

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Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

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