- NDDC's former managing director has forfeited a sum of N250 million to the FG
- Justice Aikawa of the Federal High Court in Lagos made the order while ruling on an application by the EFCC
- The anti-graft agency told the court that the funds were suspected to be proceeds of unlawful activities
A former managing director of the Niger Delta Development Commission (NDDC), has been ordered by a Federal High Court in Lagos to forfeit the sum of N250 million to the federal government.
This is revealed in a statement shared by the Economic and Financial Crimes Commission (EFCC) on it's Twitter on Friday, September 11.
Legit.ng gathered that the presiding judge, Justice R.M Aikawa recently ordered the final forfeiture of the money following an application filed by EFCC's Lagos zonal office.
The court had been approached by the anti-graft agency seeking the forfeiture of the money. EFCC had argued that the funds were suspected to be part of the proceeds of unlawful activities.
It was gathered that an investigation by the EFCC revealed that a contractor with the NDDC, received funds for a purported contract and transferred N250million, suspected as kickbacks, to a real estate company, for the acquisition of a property in favour of the former MD of the NDDC.
Earlier, Legit.ng reported that the Federal High Court sitting in Lagos, on Friday, May 8, ordered the final forfeiture of the sum of N426.7m belonging to a retired Army general, Brig.-Gen. John Onimisi Ozigi to the federal government.
The presiding judge, Justice Muslim Hassan, had earlier ordered the interim forfeiture of the money following an ex parte application filed by the EFCC.
Joined as respondents are Diamond Head Ventures and Dev. Company Ltd. In granting the interim forfeiture order, the judge directed interested parties to show cause why the sum of money should not be permanently forfeited to the government.
In a related development, two pairs of brothers and three other young men have been arrested by the operatives of the EFCC for internet fraud in Ibadan, the Oyo state capital.
According to the statement posted on the EFCC's verified Twitter page on Wednesday, September 9, the two pairs of brothers are Ayoola Timilehin, Olusola Timilehin, and Oladayo Fayemi, Tolulope Fayemi.
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