- Two London properties have been traced to the deputy Senate president, Ekweremadu
- The properties are valued at £4million
- Ikeoha Foundation, allegedly established by Ekweremadu, reportedly uses one of the buildings as office
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The ownership of two London high-end properties valued at £4million has allegedly been traced to Ike Ekweremadu, the deputy president of the Nigerian Senate.
Sahara Reporters said it obtained the United Kingdom land registry documents which list the addresses of the properties as 52 Aylestone Avenue, London, NW6 7AB and Flat 4, Varsity Court, 44, Homer street, London, W1H 4NW.
According to a UK land registry document, the first property, with title number MX361292, is on a freehold, which means the deputy Senate president reportedly has outright ownership of the property and the land on which it stands.
The documents reportedly showed that the property is owned by a company, Property Circle Limited, incorporated in the British Virgin Islands, but in care of Trident Trust Company (B.V.I.) Limited, Trident Chambers, PO Box 146, Road Town, Tortola, British Virgin Islands and of Leo Stan Ekeh, founder of Zinox Technologies.
The document lists the price paid for the property on January 27, 2011, as £2,900,000.
Sahara Reporters said it reached out to Leo Stan Eke to request his explanation for the reason his name was used for the offshore transaction but he had not responded to inquiries yet.
The second property, Flat 4, Varsity Court, 44, Homer Street, London, W1H 4NW, is reportedly equally on a freehold, held by SJW Estates Limited of 15 Esplanade, St Helier, Jersey, Channel Islands, JE1 1RB, and two leases, with one held by Ikeoha Foundation of Nigeria, an organization allegedly established by Ekweremadu.
It has the title number NGL390222.
The title of Ikeoha Foundation’s leasehold is reportedly listed as NGL711130. The foundation, incorporated in Nigeria, is listed as having its addresses as Flat 4, Varsity Court 44 Homer street, London W1H 4NW and 14 Iyienu Street, Independence Layout, P. O. Box 3615, Enugu, Nigeria.
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The other lease (NGL688343) is held by C & V Management Company Limited. The price of the property is listed as £830,000.
The documents indicate that the ownership information was valid as at February 18, 2018.
We previously reported that the federal high court on Wednesday, February 28, in Lagos ordered final forfeiture of two penthouses linked to a former minister of petroleum, Diezani Alison-Madueke. Justice Mojisola Olatoregun on December 5, 2017, ordered an interim forfeiture of the properties after an ex parte (without notice) application, was argued by the Economic and Financial Crimes Commission (EFCC).
EFCC’s application, marked FHC/L/CS/1793c/17, has as respondents, Alison-Madueke, Donald Amagbo, Schillenburg LLC and Sequoyah Properties Ltd.
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