Connect with us

news

London Houses Worth £15 million Linked With Saraki Listed For Probe

Published

on

Transparency International UK has listed two London houses suspected to be owned by Nigeria’s Senate President, Bukola Saraki for investigation under Britain’s new law, Unexplained Wealth Orders, which became effective from 31 January.

According to TI, Land Registry documents show that the houses at 7 and 8 Whittaker Street, Belgravia, London are owned by Landfield International Developments Limited and Renocon Property Development Limited.

Based on current market estimates by Zoopla, the properties are worth a combined total of around £15 million.

According to data released as part of the Panama Papers, these companies were controlled by Toyin Saraki, the wife of the President of the Nigerian Senate, Bukola Saraki as well as one of his personal aides. At the time of these revelations, none of these offshore holdings were reported in Saraki’s official asset declarations.

Previous public disclosures by Saraki have indicated he has high levels of unexplained wealth, Transparency International said.

In 2003, his asset declaration showed he had amassed tens of millions of pounds worth of assets during his time as director of Société Générale Bank and Special Assistant to the President on Budget.

The explanation he provided for these acquisitions was stated simply as “business”. Saraki is involved in an ongoing court case around allegations of false asset declarations from his tenure as Governor of Kwara state.

In a previous interview with The Guardian, Saraki said he had declared all his assets correctly and in accordance with Nigerian legislation.

Other assets listed for probe by Transparency International include a £18m property at Kenwood Gate, Hampstead, owned by the First Family of Azerbaijan, Flats 138A and 138B at 4 Whitehall Court, London, linked with Igor Shuvalov, Russian First Deputy Prime Minister. The flats are valued at £11.4million.

There are also a £1m property in Guildford linked with Ahmed Mahmoud Azwai, former Libyan Major General and two apartments at Park Lane, said to be owned by former Pakistani prime minister, Nawaz Sharif.

Unexplained Wealth Orders (UWOs) are a new investigative power designed to help law enforcement act on corrupt assets.

The Orders, Transparency said, are particularly useful where there is no realistic prospect of cooperation or conviction in the country of origin, but there are sufficient grounds for suspicion that an asset has been acquired with the proceeds of corruption.

After an application from an enforcement authority[1], a high court judge can give notice of a UWO only if she is satisfied that the respondent is likely to be the owner of suspicious wealth beyond his means, and if all of the following tests are met:

* The respondent is a Politically Exposed Person[2] (PEP) outside of the EEA; or there are reasonable grounds to suspect that the respondent is or has been involved in serious crime

*The respondent’s known income is insufficient to obtain the asset

*The value of the asset is greater than £50,000

The UWO requires the respondent to explain how he lawfully acquired his assets. If he fails to respond or gives an inadequate response then this extra information can be used in a separate civil recovery process (an existing measure under the Proceeds of Crime Act) if law enforcement has gathered sufficient evidence.

The U.K. estimates that around £90 billion ($127 billion, 102 billion euros) of illegal funds are laundered through Britain every year and this includes money stolen from the Nigerian treasury.

Now officials will use the new unexplained wealth orders (UWOs), which came into effect this week, to seize suspicious assets and hold them until they have been properly accounted for, Ben Wallace, Security and Economic Crime Minister told The Times newspaper on Saturday.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

Breaking : UK Tightens Security With Road Closures, No-Fly Zones for Tinubu’s Visit

Published

on

Britain will impose airspace restrictions and deploy armed police officers in Windsor next week as President Bola Tinubu arrives for a state visit hosted by King Charles III.

Tinubu is expected to begin the visit in the company of his wife Oluremi Tinubu on Wednesday, March 18, with a reception at Windsor Castle.

Thames Valley Police in a statement on its website on Wednesday, said it is working with the Royal Borough of Windsor and Maidenhead, the Royal Household and other security partners.

The force said airspace restrictions over Windsor Castle, which are in place permanently throughout the year, would be extended on Wednesday, March 18, to cover the period from 7am to 11.59pm.

Chief Superintendent Adrian Hall of Thames Valley Police’s Joint Operations Unit said the air restrictions formed part of a broader security operation for the visit.

“The air restrictions are just one part of our robust security operation for the state visit of Nigerian President Tinubu next week, with many measures you will see and others you will not..

“As a force, we have a vast amount of experience in policing Royal events in Windsor and significant planning, and preparation has gone into this event,” Hall said.

He said the force would take a strong stance in enforcing the restrictions, warning that any breach would constitute a criminal offence under the Air Navigation Order and could lead to arrest.

“We will be taking a strong stance in enforcing the restrictions; anyone who breaches them will be committing a criminal offence under the Air Navigation Order and could be arrested.”

The police chief said officers with specialist capabilities, including search teams, the Mounted Section, road policing, and armed units, would be deployed across Windsor, alongside neighbourhood policing and Project Servator resources.

“We will also be deploying numerous police officers to Windsor with specialist capabilities, including our search teams, Mounted Section, Roads Policing and armed units, while our neighbourhood and Project Servator resources will also be on the ground engaging with the public,” he said.

The authorities will also deploy an extensive closed-circuit television network, hostile vehicle mitigation barriers, and other undisclosed security measures for the event.

Hall said, “We will also be using the extensive CCTV network in Windsor, Hostile Vehicle Mitigation barriers, and many other security measures that you may not be able to see to make sure the event runs safely.”

He urged members of the public to support the security operation by remaining vigilant.

“The public plays a critical role to support us so we encourage them to report any suspicious activity or anything that does not seem quite right by calling 101 or speaking to one of our officers. If there is an immediate threat or emergency, then call 999,” Hall added.

Road closures and parking restrictions will take effect from Tuesday, March 17, with possible temporary disruption to roads in and around Windsor during the visit.

Thames Valley Police said it was being supported by the Civil Aviation Authority and National Air Traffic Services to enforce the flight restrictions. Persons with legitimate reasons for drone flying were directed to email [email protected].

Continue Reading

news

BREAKING: PDP Convention Crisis Deepens as Appeal Court Backs Order Against INEC Recognition

Published

on

…dismisses appeal, awards N2m cost against party

The Court of Appeal in Abuja has dismissed an appeal by the Peoples Democratic Party (PDP) against the October 31 judgment by Justice James Omotosho of the Federal High Court in Abuja restraining the Independent National Electoral Commission (INEC) from recognising the outcome of the national convention planned for Ibadan, Oyo State on November 15 and 16 by the PDP.

In a unanimous judgment on Monday, a three-member panel of the appellate court resolved the four issues for determination against the PDP.

It held that the appeal by the PDP was without merit and that the Federal High Court was right to have entered the October 31 judgment and granted all the reliefs sought by the plaintiffs.

The Court of Appeal faulted the PDP’s claim that the trial court lacked jurisdiction to have heard the case on the grounds that issues involved were solely internal affairs of the party.

The court also held that the plaintiffs had the locus standi to have institutes the suit to protect their democratic rights and that the PDP was not denied fair hearing as it claimed in its appeal.

The court awarded N2million cost against the PDP for filing a frivolous appeal.

The court is yet to render its decisions in the remaining eight appeals, which include judgment and rulings

Continue Reading

news

Opeifa Defends Rail Reforms, Unveils Nationwide Expansion Roadmap

Published

on

Opeifa maintained that derailments are not peculiar to Nigeria, noting that such incidents occur across advanced rail systems globally.

“Derailments are regular occurrences in the rail sector worldwide. In February alone, there were incidents in countries like Britain and others. Around the same time we experienced one, there were multiple derailments across the world,” he said.

He disclosed that in 2025, Nigeria recorded three major derailments:
• August 26 at Asham in Kaduna State
• November 1 at Abraka on the Warri–Itakpe line
• November 8 at Agbor on the same corridor

He said the NRC responded swiftly, restoring services within 24 hours in one case, while others were resolved within 21 and 28 days respectively.

Opeifa stressed that derailments can result from factors such as weather conditions, signal glitches, human error, speeding, or aging infrastructure, but noted that in Nigeria’s recent cases, there were no fatalities.

“These incidents are preventable and efforts are ongoing to minimize them. However, they should not be seen as major setbacks to the overall progress of the railway system,” he said.

On Allegations of Mismanagement

Addressing allegations of financial mismanagement within the corporation, Opeifa declined detailed comments, citing ongoing legal processes.

“When a matter is in court, it is sub judice. Allegations of corruption or mismanagement should be handled by the appropriate authorities,” he stated.

He reiterated that his priority is to reposition the NRC in line with global best practices and ensure efficient rail services for Nigerians.

Expansion, Upgrades and National Connectivity

The NRC boss said efforts are underway to restore damaged coaches and upgrade infrastructure using local engineers and technicians.

“We are bringing back the lines and retrofitting coaches. The Warri–Itakpe line is operational. The Abuja–Kaduna line is running, and we are increasing trips from two to three,” he said.

On long-term plans, Opeifa disclosed that the NRC roadmap envisions rail connectivity across major cities nationwide, subject to funding and phased execution.

He dismissed claims of abandoned projects, explaining that rail developments are capital-intensive and implemented in phases based on available resources.

He cited progress on the Lagos–Ibadan corridor—part of the larger Lagos–Kano project—as well as ongoing work on the Kano–Maradi line linking key northern cities.

Lagos–South-East, Port Connections in View

Opeifa also highlighted plans to expand connectivity between southern ports and inland cities. These include proposed links from Warri to Abuja and from Lekki Deep Sea Port to Kajola, Benin, Onitsha, and Aba, enabling both passenger and cargo movement.

Toward Modern Signaling and Faster Trains

On modernization, he said Nigeria is gradually upgrading from older narrow-gauge systems to standard-gauge infrastructure with improved signaling technology.

He noted that metro rail projects in Kaduna, Kano, and Lagos are being developed with higher signaling standards, positioning the country for faster and more efficient train services in the coming years.

“We are not yet at the highest global level, but we are moving steadily upward,” Opeifa said.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved