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Court orders forfeiture of firm’s...

A Federal High Court in Lagos has...

Court orders forfeiture of firm’s N1.5bn proceeds of unlawful activity to Fed Gov’t

A Federal High Court in Lagos has ordered forfeiture of $3,719,855.94 (about N1,522,388,242.00) found in the bank account of Enerbett International Ltd to the Federal Government. Justice Chukwujekwu Aneke made the final order following an ex-parte application by the Economic and Financial Crimes Commission (EFCC). It followed the expiration of the judge’s June 18 interim forfeiture order which invited anyone with a lawful interest in the sum to show up and show cause. The anti-graft agency, through its counsel, Rotimi Oyedepo, had told the court that the sum was part of credit...

Court orders forfeiture...

A Federal High Court in Lagos has ordered forfeiture of $3,719,855.94 (about N1,522,388,242.00) found in the bank account of Enerbett International Ltd to the...
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