ICPC uncovers $919,000 fraudulently hidden, secures interim forfeiture

ICPC uncovers $919,000 fraudulently hidden, secures interim forfeiture

- The sum of $919,202 hidden in a bank account should be forfeited according to a court ruling

- The court granted the order following the application from the Independent Corrupt Practices and Other Related Offences Commission

- The anti-corruption agency was asked to publish the interim forfeiture order in a national daily to notify anyone who wants to claim it within 14 days

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has obtained an interim forfeiture order on the sum of $919,202.07 (approximately N450m) fraudulently hidden in a bank account.

In a statement sent by mail to Legit.ng, Nigeria’s anti-corruption agency was acting on a petition instituted against some officials of the Federal High Court in Port Harcourt for alleged corrupt practices.

The forfeiture followed an ex-parte motion filed by the counsel to ICPC, Dr Agada Akogwu.

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ICPC uncovers hidden $919,000, secures interim forfeiture
ICPC has secured the interim forfeiture of $919,000 fraudulently hidden. Photo credit: @ICPC_PE
Source: Twitter

Justice Mohammed Sani of the Federal High Court, Port Harcourt granted the order pending the final hearing on the matter.

It was gathered that the money was traced by investigators in the Rivers state office to a hidden account which has been yielding interest since 2014 by officials of the Federal High Court in Port Harcourt.

The court directed the ICPC to publish the interim forfeiture order in any national daily within 14 days so that anyone who claims the money will be notified and appear before the court to defend his/her claim.

The judge adjourned the matter to December 14 for reports and a final forfeiture hearing.

Earlier, Legit.ng reported that a group, Follow The Money has called for the ICPC and the Economic and Financial Crimes Commission (EFCC) to investigate federal government agencies responsible for the acquisition and distribution of COVID-19 palliative relief materials.

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The leading social accountability initiative has been tracking intervention funds and materials disbursed to state governments to cushion the impact of the pandemic.

The group said the states had assured that palliatives were distributed accordingly, even though they refused to provide details of distribution and evidence of the same.

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