EFCC set to try Justice Olotu... Barring unforeseen circumstances, the EFCC may dock a dismissed judge of the Federal High Court soon. Among the properties traced to the judge by EFCC include an uncompleted three-bedroom building located at City Scope, Lagos, valued at N20 million and acquired in 2006; a four-bedroom bungalow located at Karshi, Nasarawa State, acquired from the Nigerian Navy in 2009 (valued at N10 million); a plot of land at Kjah, Nasarawa State (valued at N2.5 million in 2010); a plot at Kuruduma Abuja acquired in 2012 at N2.8 million. Other properties allegedly owned by the judge are six plots of land at Ogba Village, Benin, Edo State, at N480,000 in 2005; three plots of land located at Oben Village, Benin (valued at N2.2 million); blocks of four six-bedroom flats acquired in 1979 (valued at N16 million); one uncompleted twin five-bedroom duplex, via a Lagos State government allocation at N10 million; one block of four three-bedroom flats via Edo State government allocation (valued at N10 million). Others are a plot of land at Guduwa Estate acquired in 2001 via FCDA allocation at N800, 000; a plot of land located at Lugbe, Abuja, at N200,000 and a plot of land at Ugbor, Edo State, acquired via Edo State government allocation at N600,000. The judge’s alleged shares being investigated include shares in a private family company (as of December 31, 2012, the estimated value of investment in the company was put at N825 million); and shares in another private family company valued at N165 million as of December 31, 2012. Others are 1,030 units of shares in a new generation bank; 20,890 units of shares in an oil company. The said judge is also alleged to be a partner in a company which has shares in four other banks and a prominent construction company.
Posted on: Sat, 22 Mar 2014 05:49:05 +0000
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