Connect with us

Agnes Isika Blog

Top military officer forfeits N10.9bn property to FG, EFCC shields identity

Top military officer forfeits N10.9bn property to FG, EFCC shields identity

The Economic and Financial Crimes Commission (EFCC) has secured the final forfeiture of 24 landed property belonging to a top military officer.

The anti-graft agency said the property valued at N10. 9bn were controlled through proxies.

According to a statement on Tuesday by the EFCC spokesperson, Wilson Uwujaren, Justice N. E Maha of the Federal High Court sitting in Abuja, granted the order while ruling on the application by counsel for the commission, Cosmos Ugwu and Musa Isah.

The statement read, “Justice N.E. Maha of the Federal High Court on Monday, February 14, ordered the final forfeiture of 24 property held by fronts and proxies to a top military officer to the Federal Government of Nigeria.

“The order was pursuant to a forfeiture application by the Economic and Financial Crimes Commission which had in May 2020 secured the forfeiture of the property on interim basis.

“The court had ordered the publication of notices in national newspapers, inviting persons with interest in the property to show reason why they should not be finally forfeited to the Federal Government.

“With no such interest shown by any entity, Justice Maha on Monday, February 14, 2022, ordered the final forfeiture of the property to the Federal Government.

“The 24 property scattered across Kano, Kaduna, Borno and Cross River States, comprise land, shopping complex, gas station and fuel stations cumulatively valued at N10, 935,000,000.00. “

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in News

TrueTalk with Agnes

Today's Quote

“Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.”

— Apple Inc.

Trending

Contributors

LAGOS WEATHER
To Top