N10.9 Billion Worth Of Properties Seized From Military Officer

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

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The Order was pursuant to a forfeiture application by the Economic and Financial Crimes Commission, EFCC, which had in May 2020 secured the forfeiture of the properties on interim basis.
The court had ordered the publication of notices in national newspapers, inviting persons with interest in the properties to show cause why they should not be finally forfeited to the Federal Government of Nigeria.

With no such interest shown by any entity, Justice Maha on Monday, February 14, 2022, ordered the final forfeiture of the properties to the Federal Government of Nigeria.
The 24 properties 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. (Ten Billion, Nine Hundred and Thirty-Five Million Naira)

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Published on: February 16, 2022. at: 08:33
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