Court nullifies Malami’s sale of forfeited assets

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A Federal High Court sitting in Lagos has nullified the Asset Tracing, Recovery and Management Regulations, 2019, for being “an invalid statutory instrument.”

All sales and disposals of assets made by the Attorney-General of the Federation, Abubakar Malami, under the regulations were also nullified by the court.The order was made by Justice Ambrose Lewis-Allagoa following a suit FHC/L/CS/40/2021 filed by the plaintiff, Incorporated Trustees of HEDA Resource Centre.

Malami had in November 2020 set up an inter-ministerial committee for the disposal of forfeited assets, following a directive by the President, Major General Muhammadu Buhari in October 2018. The AGF’s power to set up the committee was challenged by HEDA, through its counsel, Omotayo Olatubosun, who argued that the regulations conflicted with the Economic and Financial Crimes Commission Act, Trafficking in Persons Enforcement and Administrative Act, 2015, National Drug Law Enforcement Agency Act, 2004 and Independent Corrupt Practices Commission Act, 2000, among others, on the matter of disposal of final forfeited assets.

The AGF’s preliminary objection argued by its counsel, Tolu Mokunolu, was dismissed by the Court which granted the nine reliefs sought by the plaintiff. Justice Lewis-Allagoa held, “I am entirely in agreement with the submission of counsels to the plaintiff that the Asset Tracing, Recovery and Management Regulations, 2019 are contrary to the statutory provisions of the Economic and Financial Crimes Commission EFCC Act, Trafficking in Persons Cohabitation Enforcement and Administration Act, NDLEA Act and Immigration Act.

 

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Jmmm !!! APC wahala and injustice will soon turn to you very soon

Wetin go happen to the buyer abi my thinking is not okay in this midnight heat.....

Are you guys aware that this guy is not even a Nigerian ? A lot of these fulani guys in government are actually not Nigerians and i'm still wondering how they managed to work their way up there. something is terribly wrong with the country called Nigeria. End Nigeria now

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