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Oil And Gas: FG Commissions Gas Leak Detection Device, Printed Circuit Board Facility

The Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) has commissioned the Amal Technologies Gas Leak Detection Device and Printed Circuit Board Manufacturing Facility in Abuja, the nation’s Federal Capital Territory (FCT).
The key players in the oil and gas sector described the commissioning as a breakthrough in the research and development landscape of the Nigerian oil and gas industry.
A statement today, December 21, from the NCDMB, said that the commissioning was performed by the Minister of Solid Minerals, Dele Aleke, the Minister of State for Youth Development, Ayodele Olawande and the Executive Secretary, NCDMB, Engineer Felix Omatsola Ogbe.
It said that the project was initiated by Amal Technologies Ltd and it received financial and institutional support from the NCDMB, then under the leadership of the immediate past Executive Secretary, Engineer Simbi Kesiye Wabote, who spearheaded the Research and Development roadmap as a key element of Nigerian Content development in the oil and gas industry.
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, who spoke at the event, was quoted as describing the commissioning as a significant landmark in the nation’s quest to promote a research culture through the nurturing of innovation-driven startup companies, adding that it represents a breakthrough in local manufacturing of electronic circuitry and devices.
The minister, who was represented by the Director of the Upstream in the Ministry of Petroleum Resources, Engineer Kamoru Busari, said that Amal Technologies is one of the proposals that have benefited from the NCDMB Research and Innovation intervention. He said that the innovation adopted the Internet of Things (IOT) technology to introduce into the market a device that generates a short message system (SMS) and callson the phones of homeowners in the event of a gas leak.
He said that the facility also has the capability for Printed Circuit Board (PCB) manufacturing.
The Minister said that the deployment of the gas leak detection device provided a significant safety tool that will accelerate the adoption of gas as a preferred source of energy for homes, transportation, and industry.
He pointed out that the job creation potential of Amal Technologies is critical to the creation of a circular economy and aligns with President’s 8-point agenda for economic recovery.
In a keynote address, the Executive Secretary NCDMB, Engineer Felix Omatsola Ogbe said that the smart gas leak detector research is just a proposal submitted to the Board in 2018.
“The idea was nurtured through the NCDMB incubation process hosted in the Board’s Technology Innovation and Incubation Center (TIIC).
“The recurring menace of gas leaks and explosions leading to heavy losses in human lives, property damage, and pollution of the environment is the problem statement that the device seeks to address.”
According to the Executive Secretary, Nigeria’s development priorities are trending towards gas-based industrialization with an exponential increase in gas utilization, hence it had become compelling to deploy safety and preventive tools such as the Amal smart gas leak detection to ensure the safety of lives and properties as the citizens embrace gas usage.
On PCB Manufacturing, the NCDMB boss said that electronics accounted for the largest online spending in Nigeria in 2022 and the Amal technology facility will provide the springboard for the replacement of imported PCBs with locally produced PCBs, in line with the Board’s vision to be the catalyst for the industrialization of the Nigerian economy and its linkage sectors.
“The facility will also generate employment opportunities, pay due taxes, and provide a critical platform for instrumentation and electronics-related Research and development.”
On why the Board invested in Amal Technologies, he explained that NCDMB had developed a strategic roadmap and focussed on the establishment of dedicated funds to support Research, the inauguration of the Nigerian Content Research Council & Technical Advisory Board, and the establishment of Research centers of Excellence among others. The need to focus on research commercialization, he added, is amplified in the NCDMB Technology Innovation and Incubation policy, which created the TIIC inside the Nigerian Content Towers Yenagoa.
The Chief Executive Officer of Amal Technologies, Shehu Tijani Abdullahi recalled how he secured the Board’s support for the project without having any prior relationship with any member of the agency’s management.  He affirmed that “the NCDMB is not about having connections or knowing someone at the top. It is about a team of people that are dedicated to the success and progress of local content in Nigeria. Their firmness and dedication to local content continue to give me hope for the country of Nigeria.”
He noted that Amal Technologies had in three years, secured two patents and disrupted traditional approaches to research and development, expressing hope that with the full support of NCDMB, the company would make lasting contributions to various sectors of the economy, including oil and gas, power, agriculture, and beyond.
Beyond producing the Gas Detection device, the chief executive confirmed that the “facility has the capacity to produce over two million Advanced Smart Electric Meters— a significant contribution to the federal government’s National Mass Metering Program (NMMP). This initiative aligns with the company’s commitment to address the current challenges in electrical metering in Nigeria and supporting the government’s efforts to ensure a reliable and efficient power supply.”
He said that the facility holds immense potential for other sectors, including automobile manufacturing, medical advancements, telecommunications, agriculture, and more.
In his comments, the Director, Monitoring and Evaluation at the NCDMB, Alhaji Abdulmalik Halilu remarked that the Board subjected the innovation to detailed regulatory processes and proof-of-concept checks before deciding to take equity in the project.
He said that the business case showed that the facility had the potential to create over 400 jobs, from the conception to production stages and its annual turnover prospects is about N9.3bn.
He confirmed that the project’s structure is sustainable and consistent, hinting that the Board soon would be unveiling similar innovations that it had incubated.

Port Harcourt Refinery Commences Operation Before Next Week – Oil Minister, Lokpobiri

Port-Harcourt-Refinery

The Minister of State for Petroleum Resources (oil), has announced that the Port Harcourt refinery in Rivers State will commence operation before the end of this month, December, which is before next weekend.

This is coming on the heels of the mechanical completion and the flare start off of the nation’s biggest refinery as announced by the Nigerian National Petroleum Company Ltd (NNPCL) today, December 21

The minister, who made the announcement of the commencement of the operation, said that this followed the fulfilment of the earlier promise to deliver the Phase 1 and the mechanical start up of the refinery that has now been fulfilled.

The minister said that the government and the NNPCL are committed in delivering Phase 2 come 2024.
“We announce to Nigerians that in fulfilment of our pledge to bring on stream the phase 1, of the Port Harcourt Refinery by the end of 2023, and the subsequent streaming of the phase 2 in 2024.
“We gladly announce the mechanical completion and the flare start-up of the refinery today December 21.
“This heralds the commencement of production, and another landmark of President Tinubu’s “renewed hope agenda.”
The Group Chief Executive Officer of NNPCL, Mele Kyari Kolo Kyari, in his remarks, said that his team is committed to ensuring that the refinery add value not only to the biggest oil firm in Africa but to Nigerians.
“We are committed to seeing to the completion of the Phase 2 in 2024.”

We Have No Doctor To Employ In Kogi, Chief Medical Director Raises Alarm

The Chief Medical Director (CMD) of Kogi Specialist Hospital, Professor Isah Adagiri, has raised an alarm over scarcity of Medical Doctors in the state, which he said, calls for concern and drastic measures.
The CMD, who cried out during the 2024 budget appraisal and projection on the floor of Kogi House of Assembly in Lokoja, attributed the scarcity on Japa syndrome.
“In spite of Gov Yahaya Bello’s standing approval to the management of Specialist Hospital to replace any medical doctor that leaves the service for greener pasture, the doctors are not forthcoming.
“Many doctors have Japa, and despite our willingness to replace them by employing new ones, they are no where to be found.
“It’s no longer news that a lot of doctors are moving out of the country in droves for greener pastures, a situation, which is negatively telling on our services as a hospital.
“There are lots of disadvantages in the crave for greener pastures by these doctors, who do all they could to earn every Kobo being paid them.
“But because of patriotism, someone like me can’t imagine myself leaving the service to work out of the country.”
The CMD said that the Specialist Hospital recently lost a doctor, who left for Dubai to work, but died as a result of the hazards of working in a foreign country.
According to him, with a better welfare package, government could discourage and stop the Japa syndrome and allow for excellent health care delivery services in the hospitals.
“For us, in specialist hospital, we always liaised with you, the House Committee on Health and Social Services, to get better welfare packages for our doctors.
“It’s my belief that better pay to our doctors will stop the syndrome and improve our service to residents of Kogi.”
Similarly, the Chief Medical Director of Kogi State Hospital Management Board, Dr Ayo Olayemi, appealed for approval for the recruitment of health personnel in the newly built hospitals across the state.
Olayemi made the appeal while speaking to newsmen shortly after the 2024 budget appraisal of the Board on the floor of Kogi House of Assembly.
The CMD, who praised Gov Yahaya Bello for the building of the gigantic Reference Hospital in Okene and another fantastic one in Gegu-Beki, disclosed that the hospitals were grossly understaffed .
He disclosed that memos had been written by the board to the state government on the need for the staffing of the hospital and the board needed the help of the House to impress it on the executive to give approval for the recruitment of staff.
“Our major proposal for year 2024 is our resolve to maintain all the medical facilities made available by Gov Bello, hence the need to renovate some of the hospitals yet untouched,” he said.
Source: NAN.

ASUU Accuses State Governors, Vice Chancellors Of Hijacking Varsities’ Staff Recruitment

The Academic Staff Union of Universities (ASUU) has accused Vice Chancellors (VCs) of Nigerian Universities of conniving with state governors, traditional rulers and other politicians to hijack staff employment without due process in the varsities.

The President of ASUU, Professor Emmanuel Osodeke, who spoke in Uyo, capital of Akwa Ibom State, during the Heroes’ Day Celebration of the University of Uyo (UNIUYO), lamented that most of the staff members employed through the back door have become scavengers in the system who go after money, forgetting what they were employed to do.

Osodeke said that university employment was supposed to be done through advertisement, but that no university in the country has advertised for vacancies in the past ten years.

According to him, the staff strength of universities has tripled even without the advertisement of vacancies, blaming vice-chancellors of employing unqualified persons.

“Before now, university employment was done through advertisements followed by rigorous interviews, but now how do people get here? Through temporary appointments.

“That’s the problem that we have today. I do not know of any university for the past six to ten years that has advertised, but the staff strength has tripled.

“VCs just sat down somewhere and packed people from traditional rulers, governors, and all other politicians into Nigerian universities as lecturers, most of them now scavengers in the system, going after money and all manners of things.

“Unfortunately, university employment has turned into a constituency project, and we have to struggle to reverse this misnomer and bring sanity to the system.”

The ASUU president vowed that the Union would fight the anomaly to restore sanity to the system.

Akpabio Welcomes Ex Minister, Lalong, To Red Chamber Of NASS

Senate President, Godswill Akpabio has sworn in the immediate past Federal Minister of Labour, Employment and Productivity, Simon Lalong, as a member of the Red Chamber of the National Assembly, the 10th Senate.
Lalong took the oath of office on the floor of the Senate today, December 20 after which Senator Akpabio congratulated him.
Lalong is a former governor of Plateau State and the Director-General of the All Progressives Congress (APC) Campaigns during the 2023 presidential poll that produced President Bola Tinubu.He will represent Plateau-South on the platform of the APC.
Lalong, who is also former Speaker of the Plateau State House of Assembly, had tendered his resignation to President Tinubu earlier yesterday, December 19.
Speaking soon after his inauguration, Lalong said that he actually wanted to be a senator after he served his tenure as governor in May 2023.
“This was my first choice, to be candid.”
He said that he opted to hold the position of minister in the interim and on the invitation of Tinubu because he had a case he was pursuing at the courts.
Lalong promised to do his best to serve his electorate to the best of his abilities.
The Court of Appeal, Abuja Division, had on November 7, upheld the judgment of the lower tribunal, which declared Lalong the winner of the Plateau-South Senatorial District election.
The Independent National Electoral Commission (INEC) had declared the candidate of the Peoples Democratic Party (PDP), Napoleon Bali, as the winner.
Bali had scored 148,844 votes, while Lalong recorded 91,674, according to INEC.
But Lalong challenged the result on the grounds that the PDP had no proper structures in the state on which a candidate could contest an election.

113 Nigerian Army Generals Retire

A total of 113 Nigerian Army Generals have retired from the service.
They are made up of one full General, one Lieutenant General, 67 Major Generals and 44 Brigadier Generals.
At the Regimental Dinner Night organised in honour of newly retired and retiring Nigerian Army senior officers in Abuja, the Minister of Defence, Abubakar Badaru, the officers for their sacrifices and unwavering commitment to the nation’s stability.
He assured them of prompt payment of their pension.
He acknowledged the support of the Nigerian Army in the growth of democracy in the country.
Badaru said that this has made the Army a shining example in the West African region and beyond, urging other services in the region to take a cue from the Army.
A statement today, December 20, by the Director of the Army Public Relations, Brigadier General Onyema Nwachukwu, quoted the minister as calling on the Army to continue to remain loyal to the constitution and support the development of democracy in the country.
“The minister charged members of the Armed Forces to remain loyal and sustain the culture of supporting democracy in Nigeria and across the shores.
“He added that the disposition of the Armed Forces towards democracy had made it a shining example in West Africa and an influencer in the comity of nations.
“The minister noted that the occasion provided the Nigerian Army the opportunity to reflect on its service and profound dedication as demonstrated by the retired and retiring senior officers.
“He noted that the Federal Government will continue to do all within its reach to improve the well-being of serving and retired personnel.”
The Chief of Army Staff, Lieutenant General Taoreed Lagbaja, thanked President Bola Tinubu, the National Assembly and the defence minister for their untiring support to the Nigerian Army.
He reaffirmed the unalloyed loyalty of the Nigerian Army to the President and the nation in the discharge of its constitutional roles in defending the territorial integrity of Nigeria.
He advised the retired senior officers to appreciate God and the Nigerian Army for a successful sojourn in the ‘noble profession of arms’ and attaining the point of meritorious disengagement from active service.

Science, Engineering Infrastructure Agency In $21.7 Million Deal For Delta-2 Projects

The National Agency for Science and Engineering Infrastructure (NASENI) has signed an agreement worth $21.7 million with eleven firms in Nigeria as beneficiaries for take-off of the Delta-2 Projects. This is the outcome of the bilateral collaboration between the federal government of Nigeria and the Czech Republic.

In a statement today, December 18, NASENI said that the Nigerian beneficiary companies are expected to come up with various products and services to be injected into the Nigeria economy. 

It said that the Delta-2 Programme is being implemented by the Presidential Implementation Committee on Technology Transfer/Information Exchange (PICTT), NASENI as implementing Agency for Nigeria, working in partnership with the Technology Agency of the Czech Republic (TA CR). 

NASENI’s Executive Vice Chairman and Chief Executive Officer (EVC/CEO), Khalil Suleiman Halilu, was quoted to have said at the opening ceremony today the Delta 2 programme, which was launched in 2022, has been designed with the aim of funding and enabling research, development and innovation projects in Agriculture, Mining, and General Manufacturing for small and medium enterprises (SMEs).

He said that with $21.7 million set aside to finance the selected projects, TA CR will contribute $11.7 million while NASENI will contribute $10 million as counterpart fund. 

He said that the bilateral cooperation between Nigeria and the Czech Republic began on 15th May, 2014.

Halilu emphasized that the Delta-2 Programme was yet another manifestation of NASENI’s commitment to fulfilling its mandate of transforming Nigeria’s technology and innovation landscape, through sustained focus on its 3Cs principles of Collaboration, Creation and Commercialization.

“Ultimately, our goal is not just to produce prototypes and models, but to ensure that the outcomes of the partnership are taken to market; that they are available commercially for consumers and end-users to benefit from, knowing that the real value of technology lies in market usefulness and application, our vision in the new NASENI that we are building is to create values and to be relevant in the market.”

The CEO reiterated that for every single kobo that NASENI will invest into this phase of the Delta-2 program, to develop new projects and products, the Agency will realize almost six naira in commercial returns, in addition to job creation opportunities, capacity building and technology transfer.

“That is what NASENI stands for: leveraging technology and talent to deliver returns that benefit Nigeria on multiple levels.” 

Halilu congratulated the selected beneficiaries of the projects, and asked them not to take this massive opportunity for granted as the funds would be deployed with a sense of service and responsibility.

According to the Chairman, Presidential Implementation Committee (PIC) on Technology Transfer/Information Exchange on Delta 2 Projects, Dr. Dahiru Mohammed, the program was launched on 18th May, 2022 with 285 proposals received from various companies registered in Nigeria. He stated that the evaluation of the proposals was carried out diligently by members of the Assessment Committee who were selected from the Nigerian Academy of Science, Nigerian Academy of Engineering (as research experts) and the Nigeria-Czech Republic Trade and Investment Council (NCTIC). 

The process was well coordinated by experts in both fields of research and business and ably assisted by the PIC secretariat. 

“It is noteworthy that the distribution of the beneficiaries of the awards spans across the country, having all zones represented. 

“The funds are ready and we eagerly look forward to start implementation in January 2024. The funding of the projects is scheduled to last between 12 to 36 months,” Dahiru said.

He said that the idea behind the Delta-2 projects was to yield patents, pilot plants, proven technologies, software, certified methodologies, processes and specialized maps, and databases, among others, which is expected that the outcomes of the various projects will have a direct and immediate positive impact on the average Nigerian farmers, miners and MSME operators.

The resulting technologies from these collaborations will be transferred and domesticated in Nigeria through NASENI and other research institutions and private companies.

At the event, goodwill messages came from the Minister of Science and Technology, Chief Uche Nnaji; Chairman, Senate Committee on NASENI, Chief Ezenwa Francis Onyewuchi; Chairman, Senate Committee on Science and Technology, Alhaji Aminu Iya Abbas and the Chairman, House Committee on NASENI, Honourable Taofiq A. Abimbola, who reassured the Agency of better enabling laws and collaborating partnership for better productivity.

This came even as NASENI signed memorandum of understanding (MoU) for production license for the establishment of Coal-based fertilizers in Nigeria with PT Saputra Global Harvest. The agreement with SAPUTRA covers three key areas. 

Halilu said: “Food Security is one of the priority areas on the Renewed Hope agenda of President Bola Ahmed Tinubu. The President is determined to build a Nigeria that is not only able to feed itself in an affordable manner, but also one that is able to produce surplus food for export.”

Others are: the supply of machinery and equipment that will enable us produce coal-based fertilizer for use in Nigeria; the capacity development component, which is the training of Nigerian personnel on the use and maintenance of these equipment; and the licensing that gives Nigeria the permission to produce the coal-based fertilizer according to the prevailing standards of quality already established by Saputra.

The agreement is building on the initial MoU signed between NASENI and Saputra in September 2022, as part of steps to strengthen the bilateral relationship between Nigeria and Indonesia, while also supporting the development of Nigeria’s agricultural sector.

We Target 2 Million Barrels Per Day Crude Oil Production In 2024 – NNPCL Chair, Pius

The Nigerian National Petroleum Company Ltd (NNPCL) has set a production target of two million barrels of crude oil per day in 2024.
The Chairman of the NNPCL Board, Pius Akinyelure, announced this today, December 18, and advocated a comprehensive overhaul of the national security architecture to address losses incurred from oil theft and pipeline vandalism.
He spoke after the official inauguration of the board and management team for the NNPCL by President Bola Tinubu at the Presidential villa in Abuja.
He said: ”We have assured Mr. President of our collective effort to ensure turn around in the oil and gas industry in Nigeria.
“To make it a company we will all be proud of, a company that will help sustain the economy and create some level of prosperity for Nigerians.
“It is not an easy task, but we know we have the challenge of oil stealing, the vandalisation of our pipelines. Our commitment is to produce at the rate of two million barrels per day anytime from next year.
“But to do this, we have to overhaul our security architecture so that the incidences of stealing vandalisation of pipelines can be reduced. And this will possibly help to build up our cash flow. And we will become a better nation.”
The Federal Government revealed that more than N4.3 trillion worth of crude oil was stolen in 7,143 pipeline vandalism cases within a period of five years.
Oil theft has drastically hampered the growth of the country’s oil production with Nigeria losing between 5 percent and 30 percent of daily production.
About 619 million barrels of crude valued at $46 billion were stolen from 2009-2020. Nigeria has continually failed to meet its daily production quota as set by the Organisation of the Petroleum Exporting Countries (OPEC).
Recently, Nigeria’s OPEC quota was reduced from 1.742 million barrels per day to 1.38 million barrels per day. Yet, the country is still struggling to meet this quota as daily production output was 1.184 million barrels per day and 1.249 million barrels per day in May and June 2023 respectively.
The only female member on the board, Dr. Eunice Thomas, said that they are committed to increasing “productivity, improve the economy and sustain the environment.
“We will provide power for the people of Nigeria; we will industrialize the energy and transit from fossil fuel to more sustainable green energy.
“I am really challenged. But I would like to begin by thanking President Bola Tinubu for finding me worthy to sit on that board.
“I am aware of the challenges and his expectations of the board. I agree with the management of the NNPCL, they’ve done quite a lot so far and we will be working together with pleasure to increase productivity, improve the economy and sustain the environment,” Thomas said.
The board members inaugurated on today, December 18, include Umar Ajiya as Chief Financial Officer, Ledum Mitee, Mr. Musa Tumsa and Mr. Ghali Muhammad as Non-Executive Directors.
Other Non-Executive Directors are Professor Mustapha Aliyu, David Ogbodo and Ms. Eunice Thomas.

Tinubu Gives Marching Order To NNPCL Board On Increase Production

President Bola Tinubu has given members of the Board of the Nigeria National Petroleum Company (NNPC) Limited a marching order on the increase in production.
He asked them to take a look at the Petroleum Industry Act (PIA), and know what the pitfalls are.
“The Cabinet members and Board should decide what we can do differently for production increase, profitability, and governance. It is in your hands. I will work with you.’’
Inaugurating the Board of the company today, December 28, President
Tinubu confirmed that so far, the Chief Executive Officer, Mele Kyari Kolo, is doing very well, “and doing all that I know.
The President advised that corporate social responsibility should be given priority for the Niger Delta, considering the devastating effects of oil exploration and exploitation on the environment.
“It is not about us. It is about the well-being of the entire country and the lifeblood of the nation. We should care more about the environment. We will do more for security to minimise stealing and vandalisation.”
The President directed that more attention should be given to gas as Nigeria transitions to cleaner energy, adding: “We need to show that we are committed to the welfare of our country.
In his remarks, the Chairman of the Board, Chief Pius Akinyelure, commended the President for the removal of petrol subsidy, saying that the nation would have drowned in debt, but for his decisiveness.
“Our focus is to increase production. We must address the problem of stealing and pipeline vandalisation in the Niger Delta. We are aware of the efforts in the past, but we will do more.”
Source: NAN.

EFCC Boss Wants Law To Arrest People With Questionable Wealth

Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called for a law to enable the officers of the Commission to arrest and prosecute people with questionable, unexplained wealth.

According to him, that is one of the strong methods for checking the criminal activities of treasury looters in the country.

The Commission’s spokesperson, Dele Oyewale, in a statement, quoted Olukoyede as making the call at a two-day International Law Conference organised by Christopher University, Mowe, Ogun State. The theme of the conference is: “Unexplained Wealth in the Global South: Examining the Asset Recovery and Return Trajectory.”
Olukoyede said that several countries, including the United Kingdom, Australia, Mauritius, Kenya, Zimbabwe and Trinidad and Tobago, have embraced the Unexplained Wealth Orders (UWOs) since it came into force in 2018. He said that for Nigeria, the EFCC is still relying on the provisions of Section 7 of its Establishment Act to check the menace.
“The issue of unexplained wealth is not a local issue. There are jurisdictional legislations across the world to tackle it. To date, countries of the world are faced with criminalities emanating from money laundering practices and illicit funds.
“This circumstance led to the promulgation of Unexplained Wealth Orders, UWOs that came into force in 2018. Several countries, such as the United Kingdom, Australia, Mauritius and African countries like Kenya, Zimbabwe, and Trinidad and Tobago in the Caribbean have come up with UWO.
“Nigeria is yet to come up with a national legislation on it.”
The EFCC boss, who was represented at the conference by the Abuja Zonal Commander, Assistant Commander of the EFCC, Adebayo Adeniyi, stressed that treasury looters would have little cover if the issue of unexplained wealth is tackled more seriously across the world.
“In Nigeria today, unexplained wealth has become practical means of tracing, identifying, investigating and prosecuting corruption cases.
“As an anti-graft agency, suspects of any economic and financial crimes are usually required to declare their assets in the course of investigation.
“The basis for this is to properly establish their true asset base and their linkage or otherwise to any act of corruption. Owing to the absence of legislation on the issue of unexplained wealth, the EFCC continues to rely on provisions of Section 7 of its Establishment Act to handle it.”
Olukoyede said that the concerns about unexplained wealth relates more to asset tracing, investigation and recovery, adding that nations are rapidly settling for non-conviction-based asset forfeiture.
“The reason for this is simple because unexplained wealth can only be beneficial to the state if they are forfeited. “Since inception, the EFCC has secured sizable assets from fraudsters. They range from houses, vehicles, barges, jewellery, money, furniture items, landed properties, among others.”
He said that the procedures for asset forfeiture usually involve the prosecution of the suspected fraudster, as assets may be forfeited on an interim basis or be forfeited permanently, depending on the position of the law and the court.
Source: NAN.

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