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oguninsight.com > Blog > News > Senator Ekweremadu to face trial over hidden assets aboard
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Senator Ekweremadu to face trial over hidden assets aboard

Adebayo Kazeem
Last updated: 21 January 2025 13:03
By
Adebayo Kazeem
2 Min Read
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Ike Ekweremadu, deputy senate president, will be charged before the Code of Conduct Tribunal (CCT) next week by the office of the attorney-general of the federation (AGF), TheCable reports.

Ike Ekweremadu, deputy senate presidentHe will be arraigned for “false declaration of assets” — the same charge slammed against Senate President Bukola Saraki whose case was adjourned indefinitely on Thursday by the tribunal.

Ekweremadu is accused of having assets in United Arab Emirates, United Kingdom and United States of America which he allegedly did not disclose in his declarations to the Code of Conduct Bureau (CCB).

Meanwhile, officials of the ministry of justice and the Economic and Financial Crimes Commission (EFCC) are expected to leave for the UAE on Monday to seek the forfeiture of eight properties allegedly linked to Ekweremadu, the online medium reports.

The forfeiture is being pursued under a bilateral agreement reached between the two countries after President Muhammadu Buhari assumed office in 2015.

Sahara Reporters, the whistle-blowing website, had reported that Nigeria requested for information on Ekweremadu’s assets relying on the Automatic Exchange of Information (AEoI), a multi-jurisdictional instrument for exposing hidden assets and incomes.

Nigeria is a signatory to AEoI.

According to the website, two “undeclared” properties were also traced to Ekweremadu in the UK and three in the US — bringing to a total of 13.

Ekweremadu, a senator elected on the platform of PDP since 2003, caused an upset in 2015 when he was elected deputy senate president in an APC-dominated chamber.

Saraki, although a member of APC, was elected senate president against the wishes of the party hierarchy.

If found guilty, both men could lose their positions and could also be banned from holding public office for up to 10 years.

 

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ByAdebayo Kazeem
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Adebayo Kazeem is a journalist with over seven years of experience covering politics, foreign news, society, entertainment and the film industry.
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