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Court Orders Interim Forfeiture Of 48 Property Linked To Ex -NSTIF Boss

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Justice Taiwo Taiwo of the Federal High Court, Abuja, on Wednesday, ordered the interim forfeiture of 48 choice property, allegedly belonging to the former Chairman of the Nigerian Social Insurance Trust Funds, Ngozi Olejeme.

The affected property is spread across the Federal Capital Territory, Abuja, Bayelsa, Enugu, Edo, and Delta States, according to a statement from the Economic and Financial Crimes Commission spokesman, Dele Oyewale.

The forfeiture order was granted after the counsel to the EFCC, Ekele Iheanacho, convinced the court that the said property was purchased with proceeds of crime.

He buttressed his position with 14 exhibits, attached to his affidavit, filed on May 29, 2020.

The statement said, “Olejeme who was also the treasurer of the Jonathan-Sambo Campaign Organisation in 2015 has been on the run since 2016 and was in September 2017, declared wanted by the EFCC for criminal conspiracy, abuse of office, diversion of public funds and money laundering.”

She was alleged to have, along with the former managing director of NSITF, Mr Umar Abubakar, mismanaged and diverted over N69billion, belonging to the Federal Government into their personal accounts through the award of spurious contracts to proxy companies.

In granting the application, Justice Taiwo ruled that the interim order should be published in a leading newspaper within seven days of receipt of the order and for any interested party to show cause within 14 days why the property should not be permanently forfeited to the FG.

He adjourned the matter till July 27, 2020.

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Gunmen Abduct Four Travellers In Ekiti

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Gunmen on Monday morning waylaid road users along Ayetoro Ekiti-Otun Ekiti Road and abducted no fewer than four persons before fleeing into the forest.

Sources said two buses conveying passengers from the Otun Ekiti end of the road were attacked by the gunmen, leading to the abduction of about four passengers, while other travellers escaped.

A source said that one of those who escaped told him that the gunmen took away four passengers from the two buses.

Another, who said he got the information when the hunters were informed of the incident, said, “The hunters were called that some kidnappers were operating along Ayetoro-Otun Road.

“But before they got there, the gunmen had piloted two buses into the bush. At that point, we cannot say the number of people taken into the forest, but the buses were there.

“I advised the hunters and the security agents who arrived the scene later that the kidnappers would have gone towards the Otun end and that they would not have gone too far by that time.

“Definitely, they were the ones who operated along Ayetoro-Ewu Road on Sunday evening. The Sunday operation was not successful and that was why they waited around to carry out this one,” the source said.

According to him, the kidnappers, on realising that they had missed their target on Sunday evening, resorted to attacking commercial motorcycle riders and had shot endlessly into the air to scare people.

The source said, “An okada rider was stopped at gunpoint and they took all his valuables, while another okada operator escaped into the bush. The kidnappers fled when they noticed that the other okada rider had escaped.”

Police Public Relations Officer, Ekiti State Command, Sunday Abutu, who confirmed the kidnap incident, said, “We heard the information and we have deployed our personnel there.

“There was a kidnap incident this morning. I cannot confirm yet the number of persons abducted. It began on Sunday evening when some suspected robbers attacked a man who the Police thereafter rescued.

“However, this morning, we learnt that the suspects were the ones who abducted some road users. The Police are on their trail,” the PPRO said.

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Photo News: Sovereign Trust Insurance Partners Junior Chambers International On Back To School Project

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Segun Bankole, DGM/Head, Sales & Corporate Communications, Sovereign Trust Insurance Plc (left), Yetunde Stella Akinsetire, JCI Member/Project Chairperson, “Back to School Project” (JCI Lagos Metropolitan) and Abiodun Awosanya, Convention Chairman, 2021 Junior Chambers International, while Sovereign Trust was presenting to them educational materials to support the project.

Sovereign Trust Insurance Partners Junior Chambers International On Back To School Project.

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NAICOM Restates Commitment To Protect Policyholders

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By Sola Alabadan

The National Insurance Commission (NAICOM) has reiterated its resolve to ensure that the rights of all stakeholders in the insurance industry, especially, policyholders are well protected, assuring that the insurance operators would never default in paying genuine claims.

The Commissioner for Insurance, Sunday Thomas, gave this assurance during a courtesy visit to Mutual Benefits Assurance Plc in Lagos recently.
The NAICOM boss also promised to take the success story recorded by the insurance sector in Lagos State to the Federal Capital Territory and 35 states of the federation.
He pointed out that the government and people of Lagos State, through their commitments to insurance practice, have demonstrated that there is bright future for the underwriting sector.

Thomas maintained that as a federal government agency, NAICOM would work with the federal government to ensure insurance in entrenched at the FCT and also work with governors and other stakeholders to give insurance its right place in states.

He posited that insurance remains the bedrock for economic development, as no nation can thrive very well without a viable insurance sector.

He stated that he was thrilled by the events around insurance that are happening in Lagos State, stressing that such events would be replicated across the nation as long as he remains the Commissioner for Insurance.

He also implored insurance practitioners to work with their shoulders high as they are privileged to work in an industry that holds a vital position in the economy.

 

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