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EXCLUSIVE: Ekweremadu to face trial over ‘hidden assets’ in UAE, UK, US

EXCLUSIVE: Ekweremadu to face trial over ‘hidden assets’ in UAE, UK, US
March 09
11:00 2018
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Ike Ekweremadu, deputy senate president, will be charged before the Code of Conduct Tribunal (CCT) next week by the office of the attorney-general of the federation (AGF), TheCable understands.

He will be arraigned for “false declaration of assets” — the same charge slammed against Senate President Bukola Saraki whose case was adjourned indefinitely on Thursday by the tribunal.

Ekweremadu is accused of having assets in United Arab Emirates, United Kingdom and United States of America which he allegedly did not disclose in his declarations to the Code of Conduct Bureau (CCB).

Meanwhile, officials of the ministry of justice and the Economic and Financial Crimes Commission (EFCC) are expected to leave for the UAE on Monday to seek the forfeiture of eight properties allegedly linked to Ekweremadu, TheCable understands.

The forfeiture is being pursued under a bilateral agreement reached between the two countries after President Muhammadu Buhari assumed office in 2015.

Sahara Reporters, the whistle-blowing website, had reported that Nigeria requested for information on Ekweremadu’s assets relying on the Automatic Exchange of Information (AEoI), a multi-jurisdictional instrument for exposing hidden assets and incomes.

Nigeria is a signatory to AEoI.

According to the website, two “undeclared” properties were also traced to Ekweremadu in the UK and three in the US — bringing to a total of 13.

Ekweremadu, a senator elected on the platform of PDP since 2003, caused an upset in 2015 when he was elected deputy senate president in an APC-dominated chamber.

Saraki, although a member of APC, was elected senate president against the wishes of the party hierarchy.

If found guilty, both men could lose their positions and could also be banned from holding public office for up to 10 years.

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4 Comments

  1. En
    En March 09, 12:51

    Senate of Thieves!

    Reply to this comment
  2. Click
    Click March 10, 23:13

    Lets see how this plays out. I bet nothing happens. Any takers?

    Reply to this comment
  3. Babachindo
    Babachindo March 23, 17:41

    I DON’T SEE ANY CRIME IF THE GUY HAS BEEN EARNING SUCH HUGE SALARY AND ALLOWANCE ON A MONTHLY BASIS BUT WHY DID’NT HE DECLARE IN THE C of c FORM.
    Hence, he should explain how he got them.

    Reply to this comment

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