CRIME

Individual, Company Lose N503m To FG On Suspicion It’s Illicit Money

The Economic and Financial Crimes Commission on Monday, December 6, 2021 secured the final forfeiture of the recovered cumulative sum of over N503million to the Federal Government.

This includes a sum of N393, 053,530.93 in various bank accounts and a property at GRA Birnin-kebbi valued at N110 million.

This was disclosed in a statement issued on Tuesday by the Spokesman for the EFCC, Wilson Uwujaren.

Justice M.U Dogondaji ordered the final forfeiture of the assets as prayed by the EFCC while ruling on the application brought by the Sokoto Zonal Command of the Commission

The court had earlier granted an interim Order of forfeiture in respect of the monies and property traced to the bank accounts of an individual and a corporate entity on the suspicion they were proceeds of illicit activities.

The identity of the individual or the corporate entity, was however, not revealed.

Following the Order, the court had given a window for anyone interested in the monies and property to show cause, why they should not be finally forfeited to the Federal government.

With no opposition to the EFCC’s application for the final forfeiture,  Justice Dogondaji granted the final Order forfeiting N205.8 million in Bandado Aisha Magaji’s Ecobank account No: 3080009372; N22.1 million in Bandado Aisha Magaji’s Ecobank account No: 4103066788; N36.3 million in Meenu and Meera Nig. Ltd’s Ecobank account No: 5662025663; N83.6 million in Meenu and Meera Nig. Ltd’s Ecobank account No: 3080039831 and a plot of land situated in GRA Birnin-kebbi valued at N110 million to the Federal Government of Nigeria.

Categories: CRIME

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