The Federal High Court in Lagos on Friday ordered the final forfeiture of the sum of N449,597,000 found in an abandoned Bureau de Change shop in Victoria Island, Lagos by the Economic and Financial Crimes Commission.
The judge, Justice Rilawan Aikawa, ordered that the funds should be handed over to the Federal Government as no one came forward to claim it.
The judge said,
“This court ordered, among others, the respondent (Tauheed) and any other interested party to show cause, within 14 days, why the interim forfeiture of N449,597,000 should not be made final. As far as my record shows, neither the respondent nor any other interested party has filed any affidavit or any other process to show cause why the interim order should not be made final.
“In the instant case, the respondent has, additionally, not filed any process in response to the motion on notice. In the circumstances, I have no option but to grant the application as prayed.
“Accordingly, I hereby ordered that the sum of N449,597,000 found in possession of the respondent, which sum is reasonably suspected to be proceeds of an unlawful activity, be finally forfeited to the Federal Government.”
The judge had earlier on April 19 ordered the temporary forfeiture of the money and adjourned till Friday.
Court ordered forfeiture of unclaimed N449million in an abandoned Bureau de Change shop to FG
Reviewed by Unknown
on
May 25, 2017
Rating:
Reviewed by Unknown
on
May 25, 2017
Rating:
No comments: