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    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, establishing a unified framework to regulate virtual assets and strengthen Nigeria's digital economy. The President signed the order pursuant to Section 5 of the 1999 Constitution (as amended), and it took effect immediately, according to a statement issued Friday by presidential spokesperson, Bayo Onanuga. The statement explained that the order was designed to address a fragmented regulatory landscape, where overlapping and disjointed oversight by government agencies had exposed Nigerians to risks such as money laundering, terrorism financing, cybersecurity threats, fraud and revenue losses. It noted that unregistered operators had exploited these gaps in the past to defraud unsuspecting citizens. To close these loopholes, the order establishes a Virtual Asset Council chaired by the Central Bank of Nigeria (CBN), with the Nigeria Revenue Service (NRS) and the Securities and Exchange Commission (SEC) serving as vice-chairs. Other members include the Nigerian Financial Intelligence Unit (NFIU) and the Office of the National Security Adviser (ONSA). The Council will set policy direction, foster cooperation among the agencies, and collaborate with the Attorney-General of the Federation to build a harmonised legal and institutional framework for the sector. A Virtual Asset Office will also be created as the Council's operational arm, with its secretariat based at the CBN. The office will coordinate information sharing, applications and reporting among agencies through an integrated supervisory technology platform. The statement clarified that the order does not create a new regulator or strip any agency of its existing powers. Instead, registration of virtual asset activities will be determined by the nature of the asset involved — the SEC will register security-related activities, while the CBN will handle payment, settlement, custody and other non-security virtual asset services. The Council will resolve any disputes over jurisdiction. As part of the coordinated approach, the CBN is proceeding with a regulatory sandbox that will allow eligible operators to test virtual asset products and blockchain-based solutions under close supervision before they reach the wider market. The NRS is also expected to release a tax policy for the virtual assets sector to strengthen compliance and ensure the industry contributes fairly to national revenue. Additionally, the Federal Government is finalising a Virtual Assets White Paper that will outline the country's long-term policy direction for the sector. The Council has been given 30 days to develop a Harmonised Implementation Framework to guide agencies in enforcing the order.

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    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, establishing a unified framework to regulate virtual assets and strengthen Nigeria's digital economy. The President signed the order pursuant to Section 5 of the 1999 Constitution (as amended), and it took effect immediately, according to a statement issued Friday by presidential spokesperson, Bayo Onanuga. The statement explained that the order was designed to address a fragmented regulatory landscape, where overlapping and disjointed oversight by government agencies had exposed Nigerians to risks such as money laundering, terrorism financing, cybersecurity threats, fraud and revenue losses. It noted that unregistered operators had exploited these gaps in the past to defraud unsuspecting citizens. To close these loopholes, the order establishes a Virtual Asset Council chaired by the Central Bank of Nigeria (CBN), with the Nigeria Revenue Service (NRS) and the Securities and Exchange Commission (SEC) serving as vice-chairs. Other members include the Nigerian Financial Intelligence Unit (NFIU) and the Office of the National Security Adviser (ONSA). The Council will set policy direction, foster cooperation among the agencies, and collaborate with the Attorney-General of the Federation to build a harmonised legal and institutional framework for the sector. A Virtual Asset Office will also be created as the Council's operational arm, with its secretariat based at the CBN. The office will coordinate information sharing, applications and reporting among agencies through an integrated supervisory technology platform. The statement clarified that the order does not create a new regulator or strip any agency of its existing powers. Instead, registration of virtual asset activities will be determined by the nature of the asset involved — the SEC will register security-related activities, while the CBN will handle payment, settlement, custody and other non-security virtual asset services. The Council will resolve any disputes over jurisdiction. As part of the coordinated approach, the CBN is proceeding with a regulatory sandbox that will allow eligible operators to test virtual asset products and blockchain-based solutions under close supervision before they reach the wider market. The NRS is also expected to release a tax policy for the virtual assets sector to strengthen compliance and ensure the industry contributes fairly to national revenue. Additionally, the Federal Government is finalising a Virtual Assets White Paper that will outline the country's long-term policy direction for the sector. The Council has been given 30 days to develop a Harmonised Implementation Framework to guide agencies in enforcing the order.

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Lekki Free Trade Zone Saga! 2 Top Police Officers, SP Salako, CSP Jejeloye In Landgrabbing Mess

Seunmanuel Faleye by Seunmanuel Faleye
December 7, 2022
in News Bite, Security
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Lekki Free Trade Zone Saga! 2 Top Police Officers, SP Salako, CSP Jejeloye In Landgrabbing Mess

If care is not taking, a serious communal clash might occur between the indigenes of Abomiti, Yeguda and Eyin-Osa Communities in Ilamija, Epe Lagos State and alleged Landgrabbers in police uniform, over the ressetlement land given to the 3 communities by the Lagos State government in 2006, after their land was acquired for Lekki Free Trade Zone.

Information gathered by our correspondent revealed that, CSP Shola Jejeloye and SP Salako, are acting on the Instruction of CP Abiodun Alabi to forcefully take over the ressetlement Land under the influence of one Murphy Adebare, CEO Topaz Gardens Limited, who is said to be a renowned Land Grabber, specialises in Selling government acquisition or ressetlement land to defraud innocent buyers.

Report further revealed that, the resettled communities got the Certificate of Occupancy No: 33/33/2022 and Survey Plan No: LS/D/BK 425/A after their customary and aboriginal lands were acquired by the Lagos State Government for the Lekki Free Trade Zone.

Since then, the communities took the possession of the said land, where the State Government resettled them.

All these became history when the said Police Officers stormed the land with their boys.

In a press release issued out today Tuesday 6th December 2022, by the communities, it’s sais that one SP Salako acted under the guise of Law Enforcement Officer, mobilized and led dreadful hoodlums to invade, forcefully took over and stationed the said armed hoodlums on the resettled communities’ land, which form part of Alagbon Village, and Eyin-Osa Government Resettlement Scheme at Ilamija.

The press release further claimed that “SP Salako is moving to forcefully take over the communities’ land and handover it to his business partner, Topaz Real Estate, who is a landgrabber that specialises in either using government acquisition land to defraud innocent land buyers, using of soldiers or Task Force led by Jejeloye to hijack properties by force, in which he’s using Topaz Gardens Limited to resell for Jejeloye Kickback.

Union Bank of Fraud! Management Keeps Mum

“It is embarrassing and disgraceful that, SP Salako attached to CSP Jejeloye is using the respected Nigerian Police Force Uniform, to forcefully takeover innocent people’s land for and at the behest of his connivers and business partners, who are renowned Land Grabbers in the whole of Ibeju Lekki, fraudulently taking over innocent communities’ land through the use of his partner in Police uniform for kickback, in person of one Murphy Adebare a.k.a Topaz Ajagungbale.

“It is more surprising that despite the Mobile Police on the land, whose the occupant of the said land had approval for, to protect the workers on the land against hoodlums, the said SP Salako unleashed his thugs and gave cover to the armed hoodlums to attack the said Mobile Police, duly approved to secure lives and property of the communities resettled on the land.

“This act of Murphy Adebare by engaging the Land grabber in Police Uniform, SP Salako, who then led armed thugs and brandishing gun and other dangerous weapons on the said resettled land at Ilamija contravene the provisions of Sections 2 (1), (2), (3), 3 (1), (2), (3) (a) (b), (4) (a) (b) of the Lagos State Properties Protection Law 2016, which prohibit forceful take over of other people’s land with the use of violence or stationing of Land agents, use of thugs, or hoodlums to intimidate or scare away people from the Land and or illegal occupation of property and peg the punishment at Ten (10) years imprisonment.

“While Sections 5, 6 & 7 of the Lagos State Properties Protection Law 2016 prohibit the use of Land agent and or Illegal use of Law enforcement agent, Vigilante group, ethnic, cultural/traditional militias and or encroaching with a weapon and peg the punishment at Ten (10) years imprisonment without option of fine.

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“After the soldier-like invasion of the communities’ land by SP Salako who led thugs on the land, the communities petitioned the Inspector General of Police, Force Intelligence and Investigation Department, complaining of the un-police-like and unethical acts and behaviour of SP Salako, who is said to be acting under the leadership of CSP Shola Jejeloye of Lagos State Task Force, who is also taking order from the Commissioner of Police of Lagos State, CP Abiodun Alabi, who are hell-bent on forcefully taking over the communities’ land, constructing a new fence after demolishing the first fence on the land.

“Upon our petition to the DIG FCIID, there was a standing order that the officers on the land should be withdrawn with immediate effect but despite the instruction, the CSP Jejeloye redoubled the officers who invaded the land, led by SP Salako.

“It is essential we bring to the public notice that, these acts of SP Salako, and those behind his activity can bring about communal clash that may degenerate into crisis. Hence, our reason for calling the public attention to the issue, to take note and hold responsible CSP Ishola Jejeloye and SP Salako for any act of breach of Peace on the Abomiti, Yeguda and Eyin-Osa Resettlement Land at Ilamija, Epe Lagos”.

The communities, hereby rendered their displeasure of how the matter is being handled by CSP Shola Jejeloye and SP Salako, claiming to be acting under the instruction of the CP Alabi, as the officers have shown signs and tendencies of bias against them and wants to forcefully take over the land.

Hence, they are calling the attention of the office of Inspector General of Police and pleading with his office to investigate the acts of the officers complained above, by instructing an unbiased police team to investigate the case meritoriously and justifiably.

“We are law abiding citizens and would not want to take Laws into our hands, by engaging thugs to combat the said SP Salako and his hoodlums on the land as he currently placed them on our land. We have never doubted the confidence and trust reposed in your highly respected office by the general public to do substantial justice to the complaint above, regardless of whose ox is gored”, the communities claimed.

However, efforts made by our correspondent to hear the police side of the story proved abortive as of the time of filing this report, stay glued to this page as we shall update you as soon as new development about this claims unfolds.

Seunmanuel Faleye
Seunmanuel Faleye

Seunmanuel Faleye is a brand and communications strategist. He is a covert writer and an overt creative head. He publishes Apple’s Bite International Magazine.

Tags: Lekki Free Trade Zone Saga! 2 Top Police Officers SP Salako CSP Jejeloye In Landgrabbing Mess

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