Femi Falana Breaks Silence On Buying N6bn Abuja Property From EFCC

Femi Falana (SAN), a human rights lawyer, said contrary to a report making the rounds, he has never bought any property from the Economic and Financial Crimes Commission (EFCC).

Falana in a communique on Friday, said the claims by the online medium that ran the report are false, adding that the publication was a ploy by the Federal Government to tarnish his reputation.

According to him, the claim that he bought a property from the antigraft agency is one of several attempts by the government to soil his name and bring him to disrepute.

Falana’s statement is coming on the heels of a testimony by a witness, Mr. Ngozika Ihuoma who told the Federal High Court in Abuja on Friday, that a property allegedly recovered by the Pension Reform Task Force, valued at six billion naira was sold to Mr. Falana for one billion naira sometime in 2015.

In his reaction, Falana said the property in question was never recovered by the presidential pension task force and that it is on record that the property was used as collateral by the owner, A. Group properties limited, with regards to a loan from Bank PHB in 2008.

He said when the owner of the property defaulted in the payment of the loan it was taken over by the Asset Management of Nigeria (AMCON) via an order of interim forfeiture.

Falana further explained that in an attempt to liquidate the loan, the owner of the property wanted to sell it and his law firm agreed to buy the property two hundred and fifty million naira, but they withdrew from the transaction due to the delay in resolving the case.

He noted that up till now, the case is still pending at the Federal High Court.

Falana challenged the Federal Government to proceed to forfeit the alleged one billion naira purportedly paid by him and recover the property if it established that it was recovered by the pension task force.

See the full narrative as published by Falana below.

“Sometime in April 2017 an online medium, sponsored by the Federal Government, claimed falsely that the had handed over a property confiscated from a former governor of Bayelsa State, the Late Chief D.S.P Alamieyesigha to me.

The malicious publication was dismissed when it was revealed that all confiscated properties from the ex-governor had been handed over to the Bayelsa State Government by the EFCC.

In November 2017, the Attorney-General of the Federation & Minister of Justice, Mr. Abubakar Malami (SAN) alleged that the EFCC had sold one of the houses recovered by Mr. Abdurasheed Maina of the Pension Task Force to “a Lagos Lawyer”.

Even though Mr. Malami (SAN) did not mention my name I challenged him to provide details of the property. But the challenge was not taken up.

When the stories of the illegal acquisition of properties did not fly the Federal Government alleged before the Ayo Salami Judicial Commission of Enquiry that the suspended Chairman of the EFCC, Mr Ibrahim Magu had transferred N28.5 million to the account of my law firm.

A newspaper that linked me with the false story retracted the story and apologized when I threatened to sue for libel. The Panel did not invite me to give evidence as the story was found to be a LIE.

My attention has just been drawn to the renewed version of the LIE to the effect that the same property lying and being at 42, Gana Street, Maitama District, Abuja, allegedly recovered by the Pension Reform Task Force was valued at N6,0000,000.00 (Six Billion Naira) but sold to me for N1,000,000.00 (One Billion. Naira) sometime in 2015.

I wish to say, without any fear of contradiction, that the property in question was never recovered by the Presidential Pension Task Force.

It is on record that the property was used as a collateral by the owner, A. Group Properties Limited a loan from Bank PHB in 2008.

When the owner of the property defaulted in the payment of the loan it was taken over by the Asset Management of Nigeria (AMCON) via an order of interim forfeiture.

However, in an attempt to liquidate the loan the owner of the property wanted to sell it. My law firm agreed to buy the property for N250,000,000 (Two hundred and Fifty Million Naira). But we withdrew from the transaction due to the delay in resolving the case. Up till now, the case is still pending at the Federal High Court.

A copy of the order of interim forfeiture of the property granted in favour of AMCON is hereby attached.

In the light of the foregoing, I challenge the Federal Government to proceed to forfeit the alleged N1 billion purportedly paid by me and recover the property if it established that it was recovered by the Pension Task Force.”