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.

Angela Davies

Recent Posts

Aare Adetola Emmanuelking Hosts Reception For CP Ogunlowo, Pledges Support For Law Enforcement In Ogun State

Aare Adetola Emmanuelking hosted a reception for CP Ogunlowo and pledged his support for law…

2 hours ago

ICAN, Union Bank Of Nigeria Foster Stronger Relationship With Visit

The Institute of Chartered Accountants of Nigeria (ICAN) recently paid a courtesy visit to Stallion…

23 hours ago

Court Overtuns Cybercrime Charge Against Julius Oluwafunmisho Okedele, Orders EFCC To Tender Public Apology

The court has overturned the cybercrime charge against Julius Oluwafunmisho Okedele and ordered the EFCC…

1 day ago

FirstHoldCo: Reinforcing ESG, Sustainability Initiatives As It Rebrands

In a world where approximately 20% of new businesses fail within the first two years,…

1 day ago

Governor Soludo Unveils Bold Infrastructural Plans For Orumba South

Governor Soludo has unveiled bold infrastructural plans for Orumba South and  pledged a lasting development.…

1 day ago

Pastor Adeboye’s RCCG To Conduct Free O And G Surgery, Dialysis Session, Other Surgeries

Pastor Adeboye’s RCCG is set to conduct free O and G surgery, dialysis session and…

2 days ago