Court orders NDDC director, Tuoyo Omatsuli to forfeit N1.9bn to the federal government

Tuoyo Omatsuli Tuoyo Omatsuli

In a new ruling, Justice Chuka A. Obiozor of the Federal High Court sitting in Ikoyi, Lagos, has ordered a temporary forfeiture of some properties worth N1.8bn allegedly belonging to  Tuoyo Omatsuli, Executive Director,  Projects, Niger Delta Development Commission, NNDC, to the Federal Government.


The trial judge gave the order following an ex-parte application filed by the Economic and Financial Crimes Commission.
Counsel to the applicant, Ekele Iheanacho, in the application, prayed the court for the forfeiture of these properties belonging to Omatsuli: Block 117, Plot 4, Lekki Peninsula Scheme, TPAO 992, Ikate Ancient City, Eti-Osa L.G.A, Lagos, measuring 1804.089Sqm and Plots 1-18, Block 43, TPAO 992, Ikate Ancient City, Lekki Peninsula, Eti-Osa, Lagos, measuring 10,000Sqm.
Others are: Plot 1b, Northern Business District, Lekki Peninsula Scheme 1, measuring 1000Sqm and Plot 1, Block 25, Lekki Peninsula Residential Scheme 1, Eti-Osa L.G.A, measuring 2989.10Sqm.

READ: Governor's forum reacts to the outrageous N800bn bill paid by the NNPC as subsidy
Moving the application, Iheanacho also referred to paragraph four of the affidavit, detailing how a contractor with the NDDC, Starline Consultancy Services Limited, was paid the sum of  N10, 218, 019, 060.59) (Ten Billion, Two Hundred and Eighteen Million, Nineteen Thousand and Sixty Naira) as consultancy fee for levies collected from oil processing companies in the Niger Delta Region.
He further said that out of the money paid to Starline, a sum of N3, 645, 000. 00 (Three Billion, Six Hundred and Forty- five Thousand Naira) was paid as kickback to Omatsuli through a company named Building Associates Limited.

back to top
×

Sign up to keep in touch!

Simply enter your email address below to subscribe to our newsletter.

Check out our Privacy Policy
You can unsubscribe from email list at any time