EFCC to appeal Bayelsa court judgment against Olukoyede

The Economic and Financial Crimes Commission (EFCC) has said that it will appeal the judgment made by a Bayelsa court against its chairman, Ola Olukoyede.

The EFCC made this announcement in a statement signed by its spokesman, Dele Oyewale, on Friday.

“The attention of the Economic and Financial Crimes Commission has been drawn to a trending report in the media that Ola Olukoyede, the Commission’s Executive Chairman risks committal to prison for alleged violation of the orders of Justice Isa H. A. Dashen of a Federal High Court sitting in Yenagoa, Bayelsa State,” Oyewale said.

“The said order restrains the EFCC from seizing properties belonging to Bliss Multinational Perfections Limited and Bribena, which are alleged proceeds of investment fraud otherwise known as Ponzi scheme.

“It is important to point out that the September 4, 2024 judgment by Justice Dashen came to the Commission by surprise as the EFCC was not put on notice of the judgment date.

“Denying the EFCC hearing notice was tantamount to blind-siding the Commission, and by extension a denial of fair hearing in the instant case.

“The commission is therefore taking steps to appeal the judgment, which is still within the time allowed.”

Oyewale said an earlier decision by the court in a similar case involving the same defendants is currently on appeal at the appellate court in Port Harcourt.

The spokesman said the EFCC wishes to once again reaffirm its commitment to rule of law and will not wilfully violate any court order.

Oyewale added that Bliss Multinational Perfection and Arch Oyinmiebi Bribena, the Chief Executive Officer of Baraza Multipurpose Cooperative Society Limited, were investigated and indicted for investment fraud in which 123 petitioners lost over N2billion to the suspects who promised them 25 percent return on investment but neither got the promised return nor recover the funds invested.