Ukraine’s Prime Minister Calls on US, EU to Freeze Russian Assets

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Ukrainian Prime Minister Arseniy Yatsenyuk has urged the West to block all Russia’s financial assets and banking operations until it withdraws the troops it allegedly moved into Ukraine, the UNIAN news agency reported Thursday.

“The sanctions introduced have not brought any results. In this situation, one of the possible elements to deter Russian aggression must be considering imposing sanctions on freezing all Russian assets and suspending all Russian bank transactions in European Union member states, the United States and G7 countries,” Yatsenyuk said.

"The restrictions should be introduced until Russia withdraws its troops, hardware and agents from Ukraine," the prime minister added.

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Oando Plc. reacts to Mr Ibori’s Assets revelation

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Oando Plc. has reacted to the revelation that Mr Ibori hid some of his assets in the company and money passed from Oando’s accounts to Ibori’s Swiss accounts.

A three-week confiscation hearing began at London’s Southwark Crown Court on Monday where Sasha, a British prosecutor, told the court that Mr Ibori hid some of his assets in Oando and money passed from the company’s accounts to Ibori’s Swiss accounts.

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FG recovers £22.5m stolen assets abroad – Adoke

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Attorney General and Minister of Justice, Mr Mohammed Adoke, said on Thursday that his ministry had recovered more than twenty million pounds allegedly stolen from Nigeria’s coffers.

Adoke, who said this at the 2013 Ministerial Platform in Abuja, noted that the money was recovered from one Raj Arjandes Bhojwani, an Indian national and associate of late Head of State, Gen. Sani Abacha.

He said that the assets were recovered in 2011, adding that the ministry was able to recover and repatriate the money following its negotiations with the Island of Jersey.

“During the period under review, the ministry intensified its efforts to trace and repatriate Nigeria’s stolen assets abroad.  “In this connection, we have maintained effective liaison and communication with targeted jurisdictions to keep pace with assets recovery proceedings in those jurisdictions.

“In 2011, our close liaison and negotiation with the Island of Jersey led to the recovery and repatriation of the sum of £22.5 million confiscated by the Royal Court of Jersey from Raj Arjandes Bhojwani, an Indian national and associate of General Sani Abacha on account of his money laundering transactions from Nigeria.“

EFCC Must Declare Cecilia Ibru’s Assets Within 72 Hours — Court

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Federal High Court sitting in Lagos has ordered the Economic and Financial Crimes Commission (EFCC) to disclose within 72hours, the whereabouts of the money and properties forfeited by the convicted former Managing Director of Oceanic Bank (now Ecobank), Mrs. Cecilia Ibru.

Presiding Justice Mohammed Idris gave the order while delivering judgment in a Freedom of Information (FOI) suit filed by the President of Progressive Shareholders Association of Nigeria (PSAN), Mr Boniface Okezie. Mr Okezie, had filed the suit against the EFCC as well as the Minister of Justice and Attorney General of the Federation, Mohammed Bello Adoke (SAN).

Fuel Subsidy Scam: Courts Temporarily Freezes Assets Belonging To Son Of Former PDP Chairman

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A Lagos High Court sitting in Ikeja, on Thursday, temporarily froze assets belonging to two oil marketers, Seun Ogunbambo and Mamman Ali, the son of the former Chairman of the Peoples Democratic Party (PDP), Ahmadu Ali.

The Justice Adeniyi Onigbanjo-headed court granted the Economic and Financial Crimes Commission (EFCC), an order for an interim forfeiture of assets belonging to the two oil marketers, who are part of many others indicted in the fuel subsidy scam, Ali and Ogunbambo.

EFCC Arraigns Fraudster For False Declaration Of Assets

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The Economic and Financial Crimes Commission, EFCC, Friday arraigned one Michael Samuel before Justice J. Tsoho of a Federal High Court sitting in Lagos, on a two (2) count charge bordering on false declaration of assets worth over N30 million( Thirty Million Naira  only)

 Part of the charge reads, “that you, Michael Samuel on or about the 12th day of January 2013 in Lagos Judicial Division of the Federal High Court knowingly made a false declaration when you failed, refused and neglected to declare your interest in the Range Rover Sport Jeep with registration NO: KJA 728 AW in the Declaration of Assets form of the Economic and Financial Crimes Commission, EFCC, and thereby committed an offence punishable under section 27 (3) (b) of the Economic and Financial Crimes Commission( Establishment) Act 2004”.