A prosecution witness within the N3.9 billion fraud trial of late Air Marshal Alex Badeh, has forfeited N263 million to the Federal Authorities.
The interim order of forfeiture was granted by Justice I. E. Ekwo of the Federal Excessive Court docket, Abuja, the identical day that Badeh was killed on his technique to Abuja, from his farm in Nasarawa.
Late Badeh was a 4 star flag officer of the Nigerian Air power who served because the 18th Chief of Air Workers and the 15th Chief of Defence Workers of the Armed Forces of Nigeria.
The Financial and Monetary Crimes Fee, had by an ex-parte software filed on December 3, 2018 prayed the Court docket to grant the interim forfeiture of the mentioned cash, believed to be proceeds from unlawful transactions linked to the funds meant for buy of arms for the navy.
The applying is topic to the provisions of part 29 (b) of the EFCC Institution Act, 2004.
The cash has been deposited within the protected custody of the EFCC Restoration Account domiciled with the Central Financial institution of Nigeria, CBN.
In granting the order, on December 18, 2018, Justice Ekwo dominated that “a publication of the discover is to be concurrently made by EFCC in a nationwide newspaper and the EFCC web site; inviting all individuals/our bodies who might have curiosity within the mentioned sum to point out trigger why the ultimate order of forfeiture in respect of the sum of N263 million shouldn’t be made in favour of the Federal Authorities of Nigeria”.