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Court orders permanent forfeiture of private university, other assets to Fed Govt

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Court orders permanent forfeiture of private university, other assets to Fed Govt

A Federal High Court in Abuja has issued an order of final forfeiture of all assets of a private university, NOK University, located in Kaduna State to the Federal Government.

Justice Joyce Abdulmalik, in a judgment on Friday, held that the promoter of the university, Anthony Hassan failed to prove, with convincing evidence, that he did not acquire the assets with proceeds of crime.

Also to be forfeited by Hassan, a former Director of Finance and Accounts (DFA) in the Federal Ministry of Health, are three other investments – Gwasmyen Water Factory, Gwasmyen International Hotel and Gwasmyen Event Centre all located in Kaduna.

The physical assets of the university forfeited include Senate building, ICT building, Faculty of Medicine building, Science Deanery building, two Academic buildings, a Faculty Hall and other buildings.

Justice Abdulmalik rejected the claim by Hassan and his company, KYC Inter-Project Limited that the school was built with funds sourced from other investors.

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The judge also rejected the claim by one Barrister Victor Olisah that he owned the six plots of land on which Gwasmyen International Hotel was erected, on the grounds that he failed to establish his ownership of the land with credible evidence.

The judgment was on an application for final forfeiture brought by the Economic and Financial Crimes Commission (EFCC), to which the court had in 2022 granted an interim forfeiture order in respect of the assets.

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Justice Abdulmalik held that the EFCC, through its lawyer, Ekele Iheanacho effectively established, with suffecient evidence, that Hassan acquired the said assets with proceeds of crime.

The judge held that Hassan and KYC failed woefully to show with cogent documentary event the financial trails of how they sourced funds to acquire the assets.

The EFCC had, in an affidavit supporting the application for plfinal forfeiture, stated that its investigation showed the Hassan, who has always been a civil servant, used its position to confer undue advantage on himself.

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The EFCC stated that Hassan, “who was a civil servant, rose through the ranks to become a Director in the Civil Service of the Federation.

“In the course of his career, he was posted to the Federal Ministry of Health from 2001 to 2008; Federal Ministry of Women Affairs from 2009 to 2015; Ministry of Niger Delta in 2015; Ministry of Youth and Sport Development from 2015 to 2016; Ministry of Health from 2016 to 2019; and Ministry of Works and Housing from 2019 to 2020.”

It added that Hassan “was the Director of the Finance & Accounts Department (DFA) in the Ministry of Health between 2016 and 2019 and was in charge of running the day to day activities of the Finance & Accounts Department of the Ministry.

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“The first respondent (Hassan) is the owner of the NOK University Ltd (the university) Kachia, Kuduna State.

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“The university was incorporated on 6th October, 2021 with the wife and children of the first respondent as the directors and guarantors of the university but without the first respondent’s name.

“Apart from the funds deposited to secure the bank guarantee of the university, the first respondent funded the acquisition of the land on which the University was built as well as the buildings and structures on it.

“The first respondent is also the owner of Gwasmyen International Hotel Events & Recreational Centre Ltd and Gwasmyen Water and Juice Company Nig. Ltd.

“While registering the Hotel with the Corporate Affairs Commission, he used his wife and son as the directors and shareholders of the companies.”

Source: The Nation

 

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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 13th September 2025

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What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for yesterday 11th September, below. You can swap your dollar for Naira at these rates.

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1525 and sell at N1550 yesterday 12th September 2025, according to sources at Bureau De Change (BDC).CLICK LINK TO CONTINUE READING

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Aboki BDC

Yemi Cardoso CBN Governor

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EXPOSED: Truth About Peter Obi’s Son Revealed, Close Friend Speaks

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Amidst swirling rumors surrounding Oseloka Obi, the son of Peter Obi, the Labour Party’s presidential candidate for 2023, a new twist has emerged regarding persistent allegations about his gender identity.

In response to a flurry of speculation, Oseloka has taken a stand against the viral claims connecting him to homosexuality, which were sparked by the circulation of photographs featuring him alongside Kent Okwesa, a British-Nigerian based in London. Click link to continue reading.

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MANCHESTER DERBY: Erling Haaland Vows To Revenge Against United

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“We’ve lost two games in a row, it’s not good enough, it’s way too bad,” he said, speaking to Viaplay in Norway. “We need to figure it out, get back to winning ways.

Pep Guardiola’s side are in the bottom half of the Premier League table heading into the clash having lost back-to-back matches against Tottenham and Brighton before the international break. Click link to continue reading.

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REVELEAD: Why Pastor Kumuyi Is Changing Some Deeper Life Principles

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The General Superintendent of the Deeper Christian Life Ministry, Pastor William Folorunsho Kumuyi, has announced a series of changes to some of the long-standing rules of the church, saying many of them were never scriptural but were introduced for administrative purposes.

Pastor Kumuyi, widely regarded as one of the most influential church leaders in the world, is the founder of Deeper Life Bible Church, which began in 1973 as a small Bible study group in Lagos.

UNTOLD STORY: How I Married My Second Wife When She Was 65 – Kumuyi Reveals

Over the decades, the ministry has grown into a global Christian movement. The Lagos headquarters alone attracts over 120,000 worshippers weekly, placing it among the five largest single congregations worldwide. In Nigeria, the church boasts more than one million members with over 5,000 branches, and a further 3,000 branches spread across Africa, Europe, and North America.

Speaking at the church 2025 Global Family and Marriage Conference, Pastor Kumuyi announced modifications to certain marriage rules that had long been regarded as doctrinal. He clarified that many of these practices were never rooted in the Bible but were merely administrative guidelines designed to provide structure.

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One of the major changes is the cancellation of the restriction that prevented a lady from visiting her suitor before marriage. According to Kumuyi, intending couples may now visit each other during courtship, provided they are accompanied by an elder. The long-held six-month mandatory courtship period has also been scrapped. “We just felt you need some time to know one another. And then we said one month will be too short, two months too short. So, why not six months? But it is not from the Bible,” he said.

He stated the importance of Christians being able to distinguish between God’s commandments and church traditions.“As a Christian, you need to be so mature that you know the difference between the law of God and the principles in the church. Six months is all right, but it’s not something inflexible. If we change it to three months, we’re not changing the Bible, because six months is not in the Bible,”

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Pastor Kumuyi also clarified the role of marriage committees in Deeper Life, noting that their purpose was to provide guidance and not to exercise authority beyond what is written in the scriptures. “There’s no marriage committee in the New Testament. We created it to help you, not because we can give you a chapter and a verse. It is church administration,” he stated.

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These changes are seen by people as another step in the ongoing review of church practices that many members and outsiders have often considered too strict. Since founding the church has faced both admiration and criticism for its distinct doctrines. Some of its earlier beliefs and practices have either been misinterpreted or have since evolved:

Technology Use: The church, which once opposed television and modern gadgets, now embraces media and social platforms for evangelism.read the gospel.

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Marriage Rules: Inter-church marriages are now accepted, provided the partner is from a Bible-believing church with a holy standard of living.

Dress Code: The church still emphasizes modesty, but women no longer have to tie scarves at all times, and men are not strictly bound to suits.

Medical Treatment: While rumors once suggested Deeper Life discouraged hospital visits, today members are encouraged to seek proper medical care when needed.

Christmas Celebrations: Although many members spend Christmas at church camps, the church has clarified that celebrating Christmas is not forbidden.

Other misconceptions, such as supposed food restrictions or claims that Pastor Kumuyi had relocated to the UK, have also been dispelled.

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Through these reforms, Pastor Kumuyi is reinforcing his long-held belief that while order is necessary in the church, it must never be mistaken for scripture.

Source: City People

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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 12th September 2025

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What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

See the black market Dollar to Naira exchange rate for yesterday 11th September, below. You can swap your dollar for Naira at these rates.

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1530 and sell at N1550 yesterday 11th September 2025, according to sources at Bureau De Change (BDC).CLICK LINK TO CONTINUE READING

READ ALSO  Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 13th September 2025

Aboki BDC

Yemi Cardoso CBN Governor

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2027: Jonathan’s running mate picked as campaign posters hit internet

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The likelihood of former President Goodluck Ebele Jonathan entering the presidential race in 2027 is becoming increasingly apparent, particularly given the recent developments surrounding his potential candidacy.

Reports suggest that Jonathan is discreetly meeting with key political figures across the country, which adds to the anticipation surrounding his possible return to politics. Click link to continue reading.

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