• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

Abuja court seizes aircraft linked to NNPCL power project scam

Victory Emmanuel by Victory Emmanuel
May 18, 2026
in Business
0 0
0
court
thenacre-campaign

EFCC forfeiture of jet confirmed as Abuja court orders fraud-linked aircraft surrendered to the Federal Government

A Federal High Court in Abuja on Monday granted the Economic and Financial Crimes Commission final forfeiture of a Hawker private jet allegedly linked to fraud, corruption and money laundering connected to the Maiduguri Emergency Power Project.

Also read: Court grants Nasir El-Rufai N100m bail in Abuja case

Justice Emeka Nwite of the Federal High Court, Maitama, ordered that the aircraft, a Hawker 125 model 800XP with registration number 5N-AMK, be forfeited to the Federal Government after ruling that the acquisition process was unlawful.

The order followed an application filed by the EFCC against Valiente Jet Limited, a company linked to Abdulsalam Kachallah.

In a statement issued by EFCC spokesman Dele Oyewale, the court held that the company failed to provide convincing evidence showing the lawful source of funds used to purchase the aircraft.

Perfect-Aesthetic-social-1

Justice Nwite said the transaction was further tainted by the manner in which the aircraft was allegedly acquired through a Bureau De Change operator that denied knowledge of the deal.

“The interested party has not demonstrated with evidence the lawful origin of the funds used to purchase the aircraft,” the judge said.

“The disguised manner through which the aircraft was acquired using the name of a Bureau De Change operator who denied knowledge of the nature of the transaction further lent credence to the unlawfulness of the entire transaction.”

The court had earlier issued an interim forfeiture order on November 13, 2025, directing the anti-graft agency to publish the decision in a national newspaper for interested parties to contest the application.

Following the publication, Valiente Limited filed affidavits opposing the permanent forfeiture.

In an affidavit before the court, EFCC investigator Aminu Abdullahi said the commission received intelligence alleging conspiracy, obtaining money by false pretence and money laundering involving Kachallah.

According to the EFCC, the Nigerian National Petroleum Company Limited awarded contracts under the Maiduguri Emergency Power Project in 2021 valued at $114.1m and more than ₦23.1bn.

Investigators alleged that Kachallah, who served as Chairman of the Borno State Rural Electrification Board and was a member of the project steering committee, used his position to engage in illicit dealings tied to the project.

The commission further alleged that Kachallah entered unlawful agreements with China Machinery Engineering Company through firms linked to him and supplied privileged bidding information in exchange for financial inducements.

Odun Ifa 2026
ADVERTISEMENT

The EFCC said the Chinese firm later secured three contracts under the project valued at $52.1m and more than ₦20.2bn.

Part of the contract funds, according to investigators, was routed through Afuwa Integrated Services Limited, a Bureau De Change operator allegedly presented as a subcontractor.

The anti-graft agency alleged that CMEC transferred $2.07m into the Stanbic IBTC Bank account of Afuwa Integrated Services Limited on Kachallah’s instruction before forged invoices were allegedly prepared to create the appearance of legitimate services.

Investigators said the funds were later transferred to a Brazilian account for the purchase of the aircraft in a move the commission described as sophisticated money laundering.

The EFCC also alleged that Kachallah later used Afuwa Integrated Services Limited to acquire the jet before documents were allegedly forged to transfer ownership to Valiente Jet Limited.

adron lemon friday

Kachallah, through his counsel, M.E. Oru (SAN), opposed the application and argued that payments made through Afuwa Integrated Services Limited were based on a consultancy agreement with CMEC relating to the power project.

The defence also challenged the admissibility of some of the documents tendered by the EFCC and argued that Kachallah was legally distinct from the companies involved in the transaction.

Counsel to the EFCC, Iheanacho Ekele (SAN), however, argued that courts could lift the corporate veil in cases involving fraud and illegality to identify individuals behind corporate entities.

Also read: FCT court remands University of Abuja student over rape allegation

In his ruling, Justice Nwite held that the EFCC had presented sufficient and compelling evidence to justify the final forfeiture of the aircraft to the Federal Government.

Victory Emmanuel
Victory Emmanuel

Victory Emmanuel is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.

Related Posts

Top Media Performing CEOs in the Banking Insurance and Telecommunication Sectors in Q3 2023
Business

Top media-performing CEOs in banking, insurance, telecommunication sectors in Q3, 2023

by Freelanews
October 17, 2023
Lacasera
Sustainability

‘Without capes’ LaCasera celebrates COVID-19 frontline heroes

by Freelanews
July 11, 2020
Rite Foods
Sustainability

Rite Foods leads climate action campaign in schools

by David Okere
June 12, 2026
African Brands Congress 2025
Brands

African Brands Congress 2025 to celebrate brand excellence

by Peculiar Adirika
September 30, 2025
Rotary Club cataract surgery
Sustainability

Rotary Club cataract surgery transforms 30,000 lives

by Quadri Olaitan
October 8, 2025

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Screenshot 2026 10 30 195137 1793386321 995x630 1

US lists Nigerian man Onoriode Ezewu among most-wanted fugitives over $1m money laundering

October 31, 2026
images 19 4

I lock myself in the room, cry and break down — Funke Akindele on celebrity struggles

October 31, 2026
images 18 3

Texas woman gets 30 years for shooting that began over failure to say thank you

October 31, 2026
HV8pqzXWIAAg7gH

Not every woman will have a husband to raise her children — Lola Idije

October 31, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
#image_title

17 mobile money operator companies licensed by CBN in Nigeria

March 22, 2023
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Screenshot 2026 10 30 195137 1793386321 995x630 1

US lists Nigerian man Onoriode Ezewu among most-wanted fugitives over $1m money laundering

October 31, 2026
images 19 4

I lock myself in the room, cry and break down — Funke Akindele on celebrity struggles

October 31, 2026
images 18 3

Texas woman gets 30 years for shooting that began over failure to say thank you

October 31, 2026
HV8pqzXWIAAg7gH

Not every woman will have a husband to raise her children — Lola Idije

October 31, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Rotarian Victor Ojelabi

    Who is Rotarian Victor Ojelabi?

    0 shares
    Share 0 Tweet 0
  • ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • 17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0

Just Published!

Screenshot 2026 10 30 195137 1793386321 995x630 1

US lists Nigerian man Onoriode Ezewu among most-wanted fugitives over $1m money laundering

October 31, 2026
images 19 4

I lock myself in the room, cry and break down — Funke Akindele on celebrity struggles

October 31, 2026
images 18 3

Texas woman gets 30 years for shooting that began over failure to say thank you

October 31, 2026
HV8pqzXWIAAg7gH

Not every woman will have a husband to raise her children — Lola Idije

October 31, 2026
HVz 6ygWwAA2 CA

Anyone against Tinubu’s re-election is enemy of Nigeria — Oyebanji

October 31, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.