In News by Oluwaseun Samuel on the 25th, June, 2020

Courtroom Orders Forfeiture Of N250m Diverted From NDDC

Court Orders Forfeiture Of N250m Diverted From NDDC

NDDC

The Federal Excessive Courtroom in Lagos has ordered sum of N250m allegedly diverted from the Niger Delta Improvement Fee ought to be forfeited to the Federal Authorities, The PUNCH stories.

The courtroom, in a ruling on Wednesday by Justice Rilwan Aikawa, made the interim forfeiture order.

The order adopted an ex parte utility by the Financial and Monetary Crimes Fee.

The Head of Media and Publicity on the EFCC, Dele Oyewale, mentioned in a press release on Thursday that Justice Aikawa granted the prayers within the ex parte utility following argument by the fee’s counsel, Usman Buhari.


“Buhari, within the utility, said that the cash had been illegally diverted from the NDDC, by means of a contract awarded by the Federal Authorities of Nigeria.

“Buhari additionally prayed for an order of the courtroom directing the publication of the interim forfeiture order in a nationwide newspaper for anybody within the funds to point out trigger inside 14 days why a ultimate order of forfeiture shouldn’t be made in favour of the Federal Authorities.

“Justice Aikawa, in a brief ruling, granted all of the reliefs sought by the EFCC and ordered the forfeiture of the cash,” the assertion mentioned.

The matter was adjourned until July 9, 2020.

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