ADVERTISEMENT
The Sun Nigeria
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Home National

Stop sealing up suspects’ assets, Falana tells EFCC

10th December 2018
in National
0
Falana
52
SHARES
626
VIEWS
Share on FacebookShare on Twitter

NAN

A Senior Advocate of Nigeria (SAN), Mr Femi Falana, on Sunday advised the Economic and Financial Crimes Commission (EFCC) to stop sealing up assets belonging to suspects of financial crimes.

The lawyer gave the advice in Ikeja at the presentation of ‘Compendium of High-Profile Corruption and Financial Crimes Cases in Nigeria.’

The News Agency of Nigeria (NAN) reports that the compendium, which highlights high-profile corruption cases and their implications on the economy was compiled by Human and Environmental Development Agenda (HEDA), a Civil Society Organisation.

Falana said sealing up of properties while cases were still pending in courts did not do the public any good as the assets waste away with no economic value.

The lawyer said it would be good if those assets were put into use by the EFCC, pending the final determination of the cases in which they were linked.

“I do not subscribe to the locking up of assets or properties while a case is still pending in court. I do not think the EFCC or other anti-corruption agencies should be doing that.

“If somebody has stolen money to build a hospital, just like the one on Adeniyi Jones in Ikeja, somebody was alleged to have stolen to build the hospital worth about N2.5billion, which is sealed now.

“For me,you are not doing the public any good by just locking up the place and by putting your inscription: ‘Under Investigation’.

READ ALSO: ASUU accuses Babalakin of plan to break on-going strike

“Why don’t you allow it to function so that the place can benefit the people, because it is already acquired for public purpose.

“And this should go for all buildings too. People are looking for accommodation and you just lock up blocks of flat over cases still pending in court.

“And these cases may be in court for years.And by the time the cases are concluded, the premises you have sealed no longer have their value.

“The EFCC was set up to revive businesses not to liquidate them.You liquidate businesses by just getting some court orders.That to me, is not the way to fight corruption,” he said.

Falana added that the sight of seized vehicles wasting away at EFCC offices was cause for concern, paying the assets could have been put into economic use.

He, however, suggested that the vehicles could be sold by the EFCC to stop decay while the proceeds were kept in an account pending the determination of the cases involving their owners.

“If the case is finally resolved in favour of the suspects, they are given the money, if not, the money is forfeited to government.

“That, I think, is better than allowing these vehicles to waste away while cases are being investigated or still pending in court,” he said.

Falana said the fight against corruption could not be genuinely fought by the government, but by Nigerians themselves.

He therefore urged all stakeholders to be vigilant and play their part to confront the menace of corrruption

Also speaking. Board Chairman of Assets Management Company of Nigeria (AMCON), Mr Muiz Banire, said seizing properties and allowing them to waste away made no economic sense.

Banire, also a SAN, said such properties were better handed to AMCON to manage for the sake of the economy.

“When these assets are seized by anti-cortuption agencies, most of them get destroyed over time without rescue.I think it will be good if those assets are managed by AMCON for the sake of the economy,” he said.

In his speech, Mr Dapo Olorunyomi, Publisher of PremiumTimes (Online news medium), commended HEDA for the compendium, saying it would add value to the war against corruption.

Olorunyomi said corruption was an albatross to development, calling for the concerted efforts of all Nigerians to tackle it.

He commended the EFCC for the strides made in the anti-graft war, but said more was expected from the commission to defeat corruption.

Earlier, Chairman of HEDA, Mr Lanre Suraj, said the group compiled the compendium to provide the needed information to intensify the anti-corruption war.

He said HEDA was deeply concerned about the economic losses to corruption, hence the compendium to stress the need for all stakeholders to share ideas and information with a view to winning the anti-graft war.

READ ALSO: Top Democrats say Trump may face impeachment, jail over hush money

Tags: EFCCmr femi falana
Ajiri Daniels

Ajiri Daniels

Sun News Online Team

Related Posts

WAEC to release May/June 2022 WASSCE results to tomorrow 
Education Review

WAEC to release May/June 2022 WASSCE results to tomorrow 

7th August 2022
MOU
National

284 indigenous companies applied for Delta-2 Project – FG

7th August 2022
We are not employers of university lecturers, NAPTAN tells FG
National

We are not employers of university lecturers, NAPTAN tells FG

7th August 2022
Next Post
Fayemi- Ekiti

Fayemi lifts Fayose’s embargo on Eco, GT and Zenith Banks in Ekiti

Electoral

Electoral Bill: Sen. Adeola kicks against overriding president’s veto

TAX

LIRS says no case of multiple taxation in Nigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

NIRSAL Microfinance Bank unveils new facility for MSMEs

Lack of investment in youths responsible for society’s failure – Abe

19th UFAK Western African Championship: Team Nigeria emerge 3rd overall best

Edo: Obi supporters vow to neutralise saboteurs, win State, National Assembly seats for LP

Police partner NGO to train personnel on drug prevention, treatment

Jaiz Bank posts N2.54bn Q2 profit

Trending

WAEC to release May/June 2022 WASSCE results to tomorrow 
Education Review

WAEC to release May/June 2022 WASSCE results to tomorrow 

7th August 2022
0

By Gabriel Dike The West African Examinations Council (WAEC) will tomorrow (Monday) release the results of May/June...

MOU

284 indigenous companies applied for Delta-2 Project – FG

7th August 2022
We are not employers of university lecturers, NAPTAN tells FG

We are not employers of university lecturers, NAPTAN tells FG

7th August 2022
100,000 loan applicants not shut out in Anambra — NMFB

NIRSAL Microfinance Bank unveils new facility for MSMEs

7th August 2022
Rivers APC crisis: Abe’s supporters to shun congress

Lack of investment in youths responsible for society’s failure – Abe

7th August 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • WAEC to release May/June 2022 WASSCE results to tomorrow 
  • 284 indigenous companies applied for Delta-2 Project – FG
  • We are not employers of university lecturers, NAPTAN tells FG
  • NIRSAL Microfinance Bank unveils new facility for MSMEs
  • Lack of investment in youths responsible for society’s failure – Abe
  • 19th UFAK Western African Championship: Team Nigeria emerge 3rd overall best
  • Edo: Obi supporters vow to neutralise saboteurs, win State, National Assembly seats for LP
  • Police partner NGO to train personnel on drug prevention, treatment
  • Jaiz Bank posts N2.54bn Q2 profit
  • Jaiz Bank profit increases by 27.6% in six months
  • NIDCOM debunks Aminu claim over non-engagement  
  • Plateau 2023: I won’t relinquish LP governorship ticket – Margif
  • Kano govt lauds Pillars FC performance in Aiteo Federation Cup
  • BBNaijsS7: Beauty disqualified from Big Brother Naija
  • Nigeria promotion of media freedom, others, attracting int’l attention – Buhari 
  • 2023: INEC should be empowered to allow Nigerians in Diaspora vote – Prof. Magaji
  • APC crisis: C’Rivers aggrieved members petition national chairman
  • Terrorists relocate to Katsina metropolis, kill four, abduct others
  • NDLEA nabs 90-year-old bandits’ drug supplier, others at Lagos airport
  • Breastfeeding: Experts advocate implementation of 6 months maternity leave, conducive workplace

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • Change of Name
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.