ARMSGATE: AGAIN, COURT ORDERS INTERIM FORFEITURE OF N263MILLION
He said, the commission had through an ex-parte application filed on December 3, 2018 prayed the Court to grant the interim forfeiture of the said money, believed to be proceeds from illegal transactions linked to the funds meant for purchase of arms for the military.
Penpushing further reports that, the application was subject to the provisions of section 29 (b) of the EFCC Establishment Act, 2004,while the statement added that, two Hundred and Sixty Three Million Naira had been deposited in the safe custody of the commission’s Recovery Account domiciled with the Central Bank of Nigeria,(CBN).
The statement said, Justice Ekwo in granting the order ruled that “a publication of the notice is to be simultaneously made by EFCC in a National Newspaper and the EFCC website; inviting all persons/bodies who may have interest in the said sum to show cause why the final order of forfeiture in respect of the sum of N263, 000, 000 (Two Hundred and Sixty Three Million Naira) should not be made in favor of the Federal Government of Nigeria”.
Penpushing, however, recalled that, late Badeh was a four star flag officer of the Nigerian Air force who served as the 18th Chief of Air Staff and the 15th Chief of Defence Staff of the Armed Forces of Nigeria.
