Court Orders Interim Forfeiture Of 40 Ekweremadu’s Property (Photos)
Category: Nigeria News
The Economic and Financial Crimes Commission, EFCC, on Friday secured the nod of
a Federal High Court sitting in Abuja to publish an order of interim forfeiture
of 40 landed properties belonging to a former Deputy Senate President, Sen.
Ike Ekweremadu.
Justice Inyang Ekwo made the order while ruling on a motion
exparte brought by the EFCC in Suit No.FHC/ABJ/CS/1242/2022.
The
Commission had approached the court for an Order of interim forfeiture of the
said
Ekweremadu’s properties which “are subject matters of investigation, enquiry and
examination by the EFCC. which are reasonably suspected to be the proceeds of
unlawful activity of money laundering committed by the respondents”.
It
also added that there was need “to preserve the properties from dissipation by
the respondents”.
The said application was brought pursuant to
Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.
In a short ruling on the exparte motion, the Judge granted the
application, ordering the EFCC to publish the interim forfeiture order of the
properties in a national daily within seven days from the date the Order was
given.
Persons interested in the properties covered by the interim
forfeiture order are expected to, within 14 days of the publication of the
Order, show cause why the assets should not be permanently forfeited.
Justice
Ekwo adjourned till December 5, 2022, for a report.
Afeez Mustapha, an investigator with the EFCC, in a supporting affidavit to the
application, disclosed that the Commission commenced investigation of
Ekweremadu
following intelligence received from some foreign entities on suspicion of money
laundering involving the acquisition of several properties in United Kingdom,
Dubai and the United States of America through proxies and unregistered
companies.
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