Pension Scam: Ex-Oyo Head of State to forfeit property over N5.6b fraud

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Former Oyo State Head of Service (HoS) Alhaja Kudirat Adeleke and eight others are to forfeit their property, pending the determination of the N5.6 billion pension scam case against them.

Alhaja Kudirat Adeleke
Alhaja Kudirat Adeleke

An Oyo State High Court yesterday granted the Economic and Financial Crimes Commission’s (EFCC’s) application for an interim forfeiture of property.

The other suspects are FIMHAB Nigeria Limited; Iyabo Giwa; DUMATH Investment & Services Nig. Limited; Oguntayo Banji; Adebiyi Musendiq Olasumbo; Adeduntan Johnson and Kareem Rasheed.

The court granted the forfeiture of nine property, mostly situated in Oyo State, pending conclusion of probe into the teachers’pension scam.

The order reads: “An order granting interim attachment/forfeiture of the property listed in schedules 1-9 of this application to the Federal Government, pending the final determination of charge No. 1/6EFCC/2013 – Federal Republic of Nigeria vs Muili Hakeem Aderemi and 11 others.

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“An order granting attachment/forfeiture of the property of the persons listed in schedules 1-9 of this application to the Federal Government pending conclusion of probe into other acts of fraud and criminal allegations by the EFCC.”

Alhaja Adeleke’s property on Plot 4, Oba Adesoji Aderemi road in Agodi GRA, Ibadan, tagged as “a well fenced fully detached luxurious bungalow”; and Aderemi’s duplex on 917.171sqm at Oluwole in Bodija were affected.

FIMHAB Nigeria Limited, owned by one of the suspects also lost farms, plants and machinery. The forfeited property include generating sets worth over N2 million and more than 13 vehicles.

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