Categories: NewsNigeria News

I Have Never Bought Any Property From The EFCC – Falana

I Have Never Bought Any Property From The EFCC – Falana

 

 

 

 

Femi Falana (SAN), a human rights activist and lawyer has denied the story that he bought a property from the Economic and Financial Crimes Commission (EFCC).

The said property is situated at 42, Gana Street, Maitama District in Abuja.

Falana made the clarifications in a statement yesterday in Lagos, titled: “I have never bought any property from the EFCC.”

Falana explained that though he initially expressed interest in the property but withdrew from it before the transaction could be completed.

[irp]

Explaining his position, the activist-lawyer said the disputed property, allegedly recovered by the Pension Reform Task Team (PRTT), was valued at N6 billion but sold to him for N1 billion sometime in 2015.

“I wish to say, without any fear of contradiction, that the property in question was never recovered by the Presidential Pension Task Force.

“It is on record that the property was used as a collateral by the owner, A. Group Properties Limited, for a loan from Bank PHB in 2008. When the owner of the property defaulted in the payment of the loan, it was taken over by the Asset Management of Nigeria (AMCON) via an order of interim forfeiture.

“However, in an attempt to liquidate the loan, the owner of the property wanted to sell it. My law firm agreed to buy the property for N250 million. But we withdrew from the transaction due to the delay in resolving the case. Up till now, the case is still pending at the Federal High Court,” he said.

[irp]

Falana cited the order of Justice E. S. Chukwu of an Abuja Federal High Court in suit which granted possession of the property to AMCON in November 2015 to buttress his argument.

The lawyer challenged the Federal Government to forfeit the N1 billion he purportedly paid for the property and recover the property, if it was established that it was recovered by the Pension Task Force.

editor

Recent Posts

Star Life: Sacred Love Teasers August 2025

Star Life’s series, Sacred Love teasers August 2025, has been highly anticipated by fans and lovers…

4 hours ago

WAFCON: Ajibade, Nnadozie Win Best Player, Goalkeeper Awards

Ajibade and Nnadozie won the best player and goalkeeper awards at the just concluded WAFCON…

6 hours ago

Meet The 15 Female Housemates Of BBNaija Season 10

Meet the 15 female housemates of BBNaija Season 10, who will bring their vibes to…

11 hours ago

UPDATED: Super Falcons Lift 10th WAFCON Trophy

The Super Falcons have lifted their 10th WAFCON trophy.   Glamtush reports that the Super Falcons…

15 hours ago

BBNaija S10: 15 Beautiful Female Housemates Enter Into Biggies House

On the first day of the BBNaija S10 double launch, 15 beautiful female housemates entered…

16 hours ago

Lagos Renames Streets After Tinubu, Sunny Ade, Olamide, Others [Full List]

Lagos has renamed streets after Tinubu, Sunny Ade, Olamide, and others.   Glamtush Nigeria reports…

22 hours ago