Friday, 19 May 2017

Federal High Court Orders Final Forfeiture Of N450M Found In Lagos Plaza To Nigerian Govt

Justice Rilwan Aikawa of the Federal High Court, Lagos, today requested the formal relinquishment of N449,597,000 (about N450 million) found by the Economic and Financial Crimes Commission, EFCC, in LEGICO shopping center, Victoria Island, Lagos to the Federal Government of Nigeria. 

The EFCC had on April 8 said it revealed an expansive entirety of associated laundered cash to the tune with N448,850,000 in the Shopping Plaza. 

Mr. Aikawa had on April 19 requested a break relinquishment of the said cash revealed by the commission. 

The request came taking after a movement ex-parte recorded by Rotimi Oyedepo, a prosecutor with the EFCC compliant with Section 17 of the Advance Fee Fraud and Other Fraud Related Offenses Act No. 14, 2006. 

Mr. Aikawa in his decision a month ago, requested anybody intrigued by the cash to show up before him at the following deferred date to show motivation behind why the cash ought not be for all time relinquished to the Federal Government. 

The judge likewise guided the commission to distribute in any national day by day for anybody to show bring about inside 14 days why the request for the last relinquishment ought not be conceded. 

Be that as it may, in his movement on notice at the continued hearing on Friday, Idris Mohammed, insight to the EFCC asked the court to issue a last request relinquishing the aggregate entirety of N449,597,000 to the national government. 

Mr. Mohammed, said "the total is sensibly associated to be continues with unlawful action."

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