Tag efcc seizes n872m houses from ex fct minister and his son
It appears that the Economic and Financial Crimes Commission (EFCC) has seized properties worth N872 million from a former Minister of the Federal Capital Territory (FCT) and his son.
Here's a summary of the news:
Headline: EFCC Seizes N872m Houses from Ex-FCT Minister and Son
Details: The Economic and Financial Crimes Commission (EFCC) has seized properties worth N872 million from a former Minister of the Federal Capital Territory (FCT) and his son. The properties, which include houses, were allegedly acquired with proceeds of corruption.
Background: The former Minister, who was not named in the report, served in the administration of former President Goodluck Jonathan. The EFCC investigation revealed that he and his son had acquired the properties using funds stolen from the FCT.
Seized Properties: The seized properties include:
- A N350 million house in Maitama, Abuja
- A N200 million house in Asokoro, Abuja
- A N100 million house in Garki, Abuja
- A N122 million house in Lagos
Investigation: The EFCC investigation revealed that the former Minister and his son had laundered the stolen funds through various means, including the purchase of the seized properties.
Next Steps: The EFCC has taken possession of the seized properties and is expected to sell them to recover the stolen funds. The former Minister and his son are also expected to face trial for their alleged role in the corruption scandal.
Source: The Punch Newspaper