• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Anti-Corruption Fraudulent Firm: Court Clears Anti-Corruption Agencies to Probe Ex-Lawmaker
  • Anti-Corruption

Fraudulent Firm: Court Clears Anti-Corruption Agencies to Probe Ex-Lawmaker

By
Rasheedat A. Okoduwa
-
February 13, 2018
PRNigeria logo fearured image
Fraudulent Firm: Court Clears Anti-Corruption Agencies to Probe Ex-Lawmaker
The Federal High Court, Ikoyi, Lagos has dismissed a suit seeking to stop the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and a sister anti-corruption agency from investigating the Nigeria Capital Development Fund Ltd/Gte and its Director General, Hon. Babatunde Oralusi, a former Member of the House of Representatives, for alleged fraud running into millions of Naira.
In Suit No: FHC/L/CS/872/2017, the claimants had sued ICPC and the Economic and Financial Crimes Commission (EFCC), asking the court to make declarations of alleged breaches of fundamental rights, give an injunction against arrest and award N200 million damages against the agencies for “unlawfully” declaring Hon. Oralusi, wanted after he failed to honour several invitations.
Hon. Oralusi is alleged to have set up the Nigeria Capital Development Fund with offices in the Federal Secretariat, Abuja to defraud many persons of millions of Naira under the pretext that his organisation would grant them low interest agricultural and housing loans upon depositing a contributory equity of 10% of desired loan.
The former House of Representatives Member allegedly disappeared into thin air with the deposits that had run into millions of Naira and was therefore declared wanted by ICPC.
In a judgment delivered on behalf of Justice Ibrahim Buba by Hon Justice Hadiza Shagari, recently, the court upheld the preliminary objection filed by Counsel to ICPC and EFCC, E. A. Shogunle, Esq and S.T. Ola, Esq respectively on the grounds that the applicants’ claim did not disclose any reasonable cause of action against the respondents.
The court further held that none of the alleged breaches of fundamental rights of the applicants occurred in Lagos state to warrant an application to a court sitting in Lagos. In dismissing the claim for being an abuse of court process, the court found that the applicants failed to show that either of the agencies had acted outside their respective statutory mandates and that the claim was merely a ploy to avoid investigation. Each of the respondents was therefore awarded a cost of N50, 000 by the court.
Signed: Mrs. Rasheedat A. Okoduwa, mni
Spokesperson for the Commission
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Corruption
  • efcc
  • Fraud
  • Hon. Babatunde Oralusi
  • ICPC
  • Nigeria
Previous articleLabour Ministry Trains 11,300 IDPs
Next articleArmy Assesses Combat Readiness of Divisions
Rasheedat A. Okoduwa
Rasheedat A. Okoduwa

RELATED ARTICLESMORE FROM AUTHOR

Lawmakers Move to Limit President’s Power Over EFCC Chairman’s Removal

EFCC

In 2 Years, EFCC Recovered N566bn, $411m, 1,502 Properties — Olukoyede

ICPC Generates Record N1.86 Billion from 2024 Asset Disposal

ICPC, EFCC, CCB Partner on Commonwealth Anti-Corruption Research Initiative

ICPC), Dr Musa Adamu Aliyu, SAN

ICPC Chairman Advocates Speed, Consistency in Handling Corruption Cases

Court Admits Samuel Aruwan’s Statement in ICPC’s Money Laundering Case Against Ex-El-Rufai Aide

NAHCON

Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu Administration

Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

FG Reaffirms Non-Interference in ICPC, EFCC Operations

ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

Engr Abba Babagana Dalori

Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

Chinese nationals jailed in Lagos

Court Jails Nine Chinese Nationals for Cybercrime in Lagos

ASUU

Tackle Corruption, Institutional Decay – ASUU Charges FG

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • COAS Shakes Up Army Command, Redeploys Senior Officers Nationwide
  • Tinubu Decorates Service Chiefs, Charges them to Defeat Terrorism
  • Troops Eliminate Bandits, Rescue Hostages in Zamfara, Repel ISWAP Attack in Borno
  • Military Neutralises Insurgents, Recover Logistics in Gwoza Ambush
  • Trump Orders Pentagon to Resume Nuclear Weapons Testing
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
COAS Shakes Up Army Command, Redeploys Senior Officers NationwideTinubu Decorates Service Chiefs, Charges them to Defeat TerrorismTroops Eliminate Bandits, Rescue Hostages in Zamfara, Repel ISWAP Attack in BornoMilitary Neutralises Insurgents, Recover Logistics in Gwoza AmbushTrump Orders Pentagon to Resume Nuclear Weapons TestingTinubu to Service Chiefs: End the 2009 Security Crisis Once and for AllCourt Remands Lawyer, Four Others Over Cyber Stalking and Extortion of Senator Shehu BubaAVM Aneke Assumes Command as 23rd CAS, Vows to Strengthen Air Power, National SecurityNSCDC Deploys 10,250 Personnel for Anambra Guber Poll, Warns Against ViolenceAbbas Takes Command, Declares Zero Tolerance for Maritime Crimes, Plans Fleet OverhaulMaj. Gen. Shaibu Takes Over as 25th COAS, Vows to Uphold Legacy of Exemplary LeadershipArmy Captures High-Profile IPOB/ESN Suspects, Neutralizes Terrorists in Nationwide OperationsICPC Reiterates Commitment to Accountability, Justice Reform, Youth ReorientationKano Police Nab 2 Armed Robbers, Recover Vehicle Stolen from NAF Officer in AbujaIGP Appoints Pioneer Director for Medical Services Directorate
X whatsapp