The Economic and Financial Crimes Commission (EFCC) has 48 hours to unseal estates in Abia State belonging to Trademore Holdings Nigeria Limited that its officials Wednesday wrongly marked for confiscation.
The estates named Luxury Apartments, Millennium Apartments, and Ogwumabiri Event Centre are located along Bank Road and Finbars Road in Umuahia, the Abia State capital.
MediaDimensions gathered that officials of the anti-graft agency mistook the affected properties as belonging to the former Governor of Abia State, Senator Theodore Orji who is under investigation by the Commission. The statement signed by the legal adviser of Trademore Holdings Nigeria Limited, Nwoke John Kalu says that the EFCC without due diligence, sealed the affected estates.
The Company is therefore demanding an immediate removal of the notice of seizure placed on the respective estates that are owned by a successful developer and outstanding businessman, Emmanuel Mbaka but have been wrongly marked as properties of the PDP chieftain being investigated by the Commission. “As a Company , we are deeply startled by this development as the owner of these properties is a successful business man with no involvement in politics whatsoever.
With a threat to sue the Commission if it fails to unseal its properties, the Company said the action of the Ibrahim Magi led anti-graft agency can affect the trust of subscribers of its mortgages that have been built steadfastly for many years. “This shouldn’t be happening because it sends a bad signal to those planning to invest in Nigeria. There should be an enabling environment for businesses like ours to operate without being caught in political games or be victims of inaccuracies”.
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