BREAKING: Court orders EFCC to release Benedict Peters’ confiscated UK properties

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The Federal High Court sitting in Abuja has, today 6 July 2018, directed the immediate release of two properties located in the United Kingdom belonging to African Billionaire businessman and Aiteo boss Benedict Peters which had been the subject of an Interim Forfeiture Order obtained by the Economic and Financial Crimes Commission (EFCC) in 2016, allegedly in the course of its investigation of allegations of corruption against the former Petroleum Minister, Mrs Dieziani Alison-Madueke.

By this decision, the court has upheld Peters’ case that the properties wholly belonged to him; was unconnected to any activities of the former minister and were unlawfully as well as unjustifiably included in a list of properties the Commission tried to seize. The judge, Mrs Justice Nyako found that a court of Federal Capital Territory (FCT) being competent and coordinate jurisdiction had, in a judgment in separate proceedings, made significant findings with respect to Peters’ means of livelihood.

The judge ruled that the same court had confirmed his legitimate acquisition of a number of London-based properties including the two properties at Flat 5, Parkview, 83-86 Prince Albert Road as well as Flat 58 Harley House, Marylebone Road, both in London
and had declared that those assets were insusceptible to forfeiture under any circumstance. Justice Nyako directed that in that event, those properties could not continue to be restrained by the order EFCC had obtained and directed that the properties be released to Peters immediately.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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