Court orders forfeiture of properties worth N8.8bn to FG following ICPC's application

Court orders forfeiture of properties worth N8.8bn to FG following ICPC's application

An order of interim forfeiture of 29 properties in different locations of the federal capital of Nigeria worth about N8.8billion to the government has been granted by an Abuja high court.

The Independent and Corrupt Practices and Other Related Commission (ICPC) received a petition from the Advisory Committee Against Corruption (PACAC) about unclaimed properties allegedly acquire in the names of the respondents.

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The Nation reports that the anti-corruption agency applied for the interim forfeiture of the properties through an ex-parte motion. gathers that counsel to the ICPC, Osuobeni Akponimisingha, said that the properties were alleged to have been acquired with proceeds of crimes.

According to him, the twenty-seven respondents had denied ownership of the properties so as to evade tax liabilities on the properties.

The counsel said: “The immovable properties have been confirmed unclaimed by preliminary investigation activities conducted by the applicant."

Justice Husseini Baba-Yusuf rule:“An interim forfeiture order is hereby made."

September 23 was thereafter fixed as the return date.

Meanwhile, previously reported that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it recovered N26 billion from 2015 till date from public officials and companies.

Chairman of the commission, Professor Bolaji Owasanoye who disclosed this in Abuja on Sunday, May 26, said the recoveries included cash and houses.

He said during the process, monies were traced to houses, noting that recently, the commission recovered 32 houses from a civil servant.

Owasanoye said: “There are situations whereby our efforts lead to recovery of assets, though much has not been done in terms of conviction.

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“Anti-corruption is not measured only by convictions alone.

“If you look at our law for example, it gives us powers to do enforcement which means we can investigate and prosecute. This is what leads to conviction.

“And the biggest part of what we are supposed to do is prevention to stop the crime from happening." ( -> We have updated to serve you better

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Source: Legit

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